Transaction in Own Shares

RNS Number : 9507O

National Grid PLC

24 August 2017

 

24 August 2017

National Grid plc ("National Grid")

ISIN Code: GB00BDR05C01

Transaction in Own Shares

National Grid announces that it has purchased the following number of its ordinary shares of 12^204/473p each on the London Stock Exchange from Barclays Capital Securities Limited ("Barclays") as part of its buy-back programme announced on 2 June 2017. The sole purpose of the programme is, as previously announced, to reduce the share capital of National Grid as part of the return of proceeds to shareholders following the sale of a majority interest in National Grid's UK gas distribution business.

Date of purchase:	24 August 2017
Number of ordinary shares of 12204/473p each purchased:	1,552
Highest price paid per share (pence):	972.3000
Lowest price paid per share (pence):	972.3000
Volume weighted average price paid per share	972.3000

National Grid intends to hold the purchased shares in treasury. Following the purchase of these shares, National Grid holds 197,240,383 of its ordinary shares in treasury and has 3,420,329,742 ordinary shares in issue (excluding treasury shares).

National Grid notes that the 'Transaction in own shares' announcement released on 23 August 2017 should have stated that following the purchase on 23 August 2017, National Grid held 197,238,831 ordinary shares in treasury and the correct number of ordinary shares in issue (excluding treasury shares) was 3,420,331,294. These figures have in any event been superseded by the updated figures provided following today's purchase.

A schedule of individual trades carried out by Barclays (BARCGBN1) as principal in connection with the above purchases on 24 August 2017 is set out below

Schedule of purchases - aggregate information

Trading venue	Volume weighted average price (pence per share)	Aggregated volume
London Stock Exchange	970.0000	1,552

Schedule of purchases - individual transactions

Number of shares purchased	Transaction price (pence per share)	Time of transaction (BST)	Trading venue	Transaction reference number
92	970.00	08:40:06	London Stock Exchange	606239589359445000
1,392	970.00	08:40:06	London Stock Exchange	606239589359445000
68	970.00	08:40:06	London Stock Exchange	606239589359445000

Enquiries to:

J Cooksey, Company Secretarial Assistant, (0207 004 3227).

 

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