National Grid PLC has announced the publication of a prospectus in connection with a rights issue to raise approximately £7 billion. The Financial Conduct Authority has approved the prospectus, which contains further details of the rights issue and will be posted to shareholders who have elected to receive hard copies. The prospectus is also available on the company's website and will be submitted to the National Storage Mechanism for inspection.
The company has provided contact information for investors and media, as well as the joint sponsors, corporate brokers, global coordinators, bookrunners, underwriters, and financial adviser involved in the rights issue. The announcement emphasizes that the information contained in the prospectus is for background purposes only and is subject to change without notice. It also states that the announcement is not a prospectus but an advertisement and should not form the basis of any offer or commitment.
The announcement includes important notices regarding the availability of the prospectus, stating that it will not be available to shareholders in certain jurisdictions. It also specifies that the rights and new shares being offered pursuant to the rights issue have not been and will not be registered under the US Securities Act of 1933 and may not be offered, sold, or transferred into the United States except pursuant to an applicable exemption from the registration requirements.
In summary, National Grid PLC has published a prospectus in connection with a rights issue, providing further details of the offering and emphasizing the importance of making decisions based on the information contained in the prospectus. The company has also provided contact information for inquiries and emphasized the restrictions on the availability of the prospectus in certain jurisdictions, including the United States.