Announcement of Early Redemption of the Securities

NGG Finance PLC

25 October 2024

 

THIS ANNOUNCEMENT CONTAINS INFORMATION THAT QUALIFIES, OR MAY QUALIFY, AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UNITED KINGDOM DOMESTIC LAW ("MAR").

NGG Finance plc

(the "Issuer")

€500,000,000 Fixed Rate Resettable Capital Securities due 2079

(the "Securities")

ISIN: XS2010044977
Common Code: 201004497

Legal Entity Identifier: 549300MLDJ2T68G21W86

Announcement of Early Redemption of the Securities

The Issuer today gave notice to holders of the outstanding Securities of the Issuer that, in accordance with Condition 7(b) (Issuer's Call Option) of the Securities, the Issuer has decided to redeem all of the outstanding Securities on 5 December 2024 (the "Redemption Date").

The Issuer shall redeem all outstanding Securities on the Redemption Date at their principal amount, together with any accrued and unpaid interest up to (but excluding) the Redemption Date (including any accrued but unpaid Deferred Interest).

Furthermore, the Issuer intends to cancel the listing of the Securities, which are listed on the Official List of the Financial Conduct Authority and traded on the Main Market of the London Stock Exchange plc, following the redemption of the Securities.

Unless otherwise defined in this Announcement, terms used in this Announcement have the meanings given to them in the Terms and Conditions of the Securities.

For and on behalf of

NGG Finance plc

25 October 2024

For further information, please contact:

Kwok Liu	[phone]
Deputy Treasurer, Funding & Investment National Grid plc
Danielle Dominey-Kent	[phone]
Head of Media - Corporate Affairs National Grid plc

 

END