National Grid plc

NG.

GB00BDR05C01

Multiline Utilities

Real-time Estimate Cboe Europe Other stock markets 05:46:50 20/06/2024 pm IST			5-day change	1st Jan Change
900.3 ^GBX	-0.08%		+3.14%	-14.91%

08:34am	NATIONAL GRID : Goldman Sachs keeps its Buy rating	ZD
19/06	NATIONAL GRID : Buy rating from Barclays	ZD

National Grid says buyers secured for rights issue rump

June 12, 2024 at 11:02 pm IST

National Grid PLC - London-based electricity and gas utility company - Says buyers have been found for remaining 97.7 million shares under the GBP7.00 billion rights issue for which valid acceptances were not received at a price of 835 pence per share. Notes this equates to around 9% of the shares issued under the rights issue. Earlier Wednesday, National Grid said it received acceptances from shareholders for 987.4 million new shares, 91% of the total on offer in the 7-for-24 rights issue. The rights issue price was 645p per share, meaning the acceptances are worth GBP6.39 billion.

Current stock price: 874.40 pence

12-month change: down 9.2%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about National Grid plc

NATIONAL GRID : Goldman Sachs keeps its Buy rating	12:04pm	ZD
NATIONAL GRID : Buy rating from Barclays	19/06	ZD
European Equities Traded in the US as American Depositary Receipts Nudge Higher in Tuesday Trading	18/06	MT
Barclays Cuts National Grid PT, Keeps Overweight Rating	18/06	MT
Redburn lifts Paragon Banking to 'buy'	18/06	AN
NATIONAL GRID : UBS gives a Buy rating	17/06	ZD
European Equities Traded in the US as American Depositary Receipts Fall Sharply in Friday Trading	14/06	MT
National Grid says buyers secured for rights issue rump	12/06	AN
National Grid plc Secures Subscribers in Rump Placing Deal	12/06	MT
Goldman Sachs Upgrades National Grid to Buy from Neutral, Raises PT	12/06	MT
Goldman Sachs raises National Grid to 'buy'	12/06	AN
NATIONAL GRID : Goldman Sachs raises its recommendation to Buy	12/06	ZD
National Grid gets 90% acceptances for GBP7 billion raise	12/06	AN
National Grid Closes Rights Issue	12/06	MT
Stocks called up; UK economy comes to halt in April	12/06	AN
UK Stocks-Factors to watch on June 12	12/06	RE
Green returns to Europe ahead of the ECB decision	06/06
London stocks edge up in anticipation of ECB rate cut	06/06	RE
UK Stocks-Factors to watch on June 6	06/06	RE
National Grid plc(LSE:NGPN) dropped from FTSE 350 Index	06/06	CI
National Grid plc(LSE:NGPN) dropped from FTSE 350 (Ex Investment Companies) Index	06/06	CI
National Grid plc(LSE:NGPN) dropped from FTSE All-World Index	06/06	CI
National Grid plc(LSE:NGPN) dropped from FTSE All-Share Index	06/06	CI
National Grid plc(LSE:NGPN) dropped from FTSE 100 Index	06/06	CI
European Equities Traded in the US as American Depositary Receipts Rise in Wednesday Trading	05/06	MT

Chart National Grid plc

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Company Profile

National Grid plc specializes in owning and operating electricity and gas networks. Net sales break down by activity as follows: - transmission and distribution in the United States (54.8%): electricity transmission (owned, at the end of March 2022, of 14,212 km of overhead lines, 175 km of underground cables and 399 substations), electricity distribution (111,513 km of distribution lines and 718 substations) and gas distribution (59,153 km of gas pipelines); - operation of electricity networks for transmission operators in the United Kingdom (18.6%); - electricity transmission in the United Kingdom (11%): owned 7,216 km of high-voltage network, 2,551 km of underground cables and 347 substations; - electricity and gas distribution in the United Kingdom (7.9%): electricity distribution (89,372 km of overhead lines, 137,966 km of underground cables and 189,644 transformers) and gas distribution (7,628 km of gas pipelines); - other (7.7%): telecom and interconnection activities among the various domestic electrical networks, liquefied natural gas storage activities, etc. Net sales are distributed geographically as follows: the United Kingdom (36.3%) and the United States (63.7%). As at 31 March 2022, the UK Gas Transmission business was classified as held for sale.

Sector

Multiline Utilities

Calendar

10/07/2024 - Annual General Meeting

Related indices

STOXX EUROPE 600 (EUR) , FTSE 100

More about the company

Income Statement Evolution

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Analysis / Opinion

National Grid plc : High voltage

May 27, 2024 at 09:03 pm IST

NATIONAL GRID : Model update after a £7bn rights issue

May 27, 2024 at 01:46 pm IST

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Ratings for National Grid plc

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

9.01 GBP

Average target price

11.09 GBP

Spread / Average Target

+23.12%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Other Multiline Utilities

National Grid plc

Equities

NG.

GB00BDR05C01

Multiline Utilities

National Grid says buyers secured for rights issue rump

EPS Revisions