National Grid Gets 94.2% Acceptances For Rights Issue Shares

14th Jun 2010 11:10

LONDON (Dow Jones)--National Grid PLC (NG.LN), a utility company, said Monday it has received valid acceptances in respect of 932.65 million new shares, representing 94.2% of the total number of new shares offered to qualifying shareholders. MAIN FACTS: -Morgan Stanley Securities Ltd, BofA Merrill Lynch and Deutsche Bank AG, London Branch, acting as joint bookrunners have Monday procured subscribers for the remaining 57.79 million new shares at a price of 500 pence per new share. -At 1007 GMT shares up 1.5 pence, or 0.3%, at 500.5 pence. -By Elliott Ball, Dow Jones Newswires; 44-20-7842-9314; [email protected] (END) Dow Jones Newswires June 14, 2010 06:10 ET (10:10 GMT)