REG - NGG Finance PLC - Announcement of Early Redemption of the Securities

Capital SecuritiesAnnouncement

25/10/2024 12:30

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RNS Number : 7069J  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                                    +44 (0) 7900 405 729
 Deputy Treasurer, Funding & Investment

 National Grid plc

 Danielle Dominey-Kent                       +44 (0) 7812 485 153
 Head of Media - Corporate Affairs

 National Grid plc

 

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