National Grid PLC 6-K, filed Dec 11, 2023
National Grid PLC (NGG)
6-K
2023-12-11
For: 2023-12-11
View Original
Added on
April 07, 2026
About this 6-K
National Grid PLC filed this 6-K on December 11, 2023.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
____________________
FORM 6-K
____________________
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Date: 11 December 2023
Commission File Number: 001-14958
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NATIONAL GRID plc
(Translation
of registrant’s name into English)
England and Wales
(Jurisdiction
of Incorporation)
____________________
1-3
Strand, London, WC2N 5EH, United Kingdom
(Address of
principal executive office)
____________________
Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
☒ Form 20-F ☐ Form 40-F
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule
101(b)(1): ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule
101(b)(7): ☐
Indicate
by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3- 2(b) under the Securities
Exchange Act of 1934. ☐ Yes ☒ No
If
“Yes” is marked, indicate below the file number
assigned to the registrant in connection with Rule 12g3-2(b):
n/a
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EXHIBIT INDEX
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Exhibit No.
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Description
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99.1
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Exhibit
99.1 Announcement sent to the London Stock Exchange on 11 December
2023 —
Delisting of the NMPC Preferred Stock
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Exhibit
99.1
11 December 2023
National Grid plc ('National Grid' or 'the Company')
Delisting of the NMPC Preferred Stock
Niagara Mohawk Power Company ("NMPC"), an indirect wholly-owned
subsidiary of National Grid, together with the Company publicly
announced today its intention to voluntarily delist its 3.60%
Preferred Stock and 3.90% Preferred Stock, which are both
guaranteed fully and unconditionally by National Grid (together
with the applicable guarantees by National Grid, the "Preferred
Stock") from the New York Stock Exchange (the "NYSE"), by filing
Form 25 with the U.S. Securities and Exchange Commission (the
"SEC"). NMPC and National Grid have provided written notice to the
NYSE of such intent to voluntarily delist the Preferred Stock.
The decision to voluntarily delist from the NYSE and deregister
from the SEC was made after careful consideration of the benefits
and drawbacks of continued listing by the management of both NMPC
and National Grid. NMPC and National Grid have made this decision
based on the current market conditions and the financial and
administrative burdens necessary for the continued listing of the
Preferred Stock on the NYSE.
The delisting and potential deregistration of the Preferred Stock
will not have any impact on any of the terms or conditions of the
Preferred Stock or the guarantee of National Grid. Such delisting
and deregistration will have no impact on any of the other issued
and outstanding securities of NMPC or National Grid.
It is expected that the last day of trading of the Preferred Stock
on the NYSE will be 31 December 2023. Following the delisting of
the Preferred Stock, NMPC and National Grid also expect to be able
to file a Form 15 with the SEC with respect to the Preferred Stock
approximately ten days after the filing of the Form 25 in order to
deregister the Preferred Stock. It is intended that the Form 25
will be filed on or about 21 December 2023. National Grid does not
intend to arrange for listing or registration of the Preferred
Stock on another exchange or for quotation in a quotation
medium.
It is expected that the deregistration of the Preferred Stock will
become fully effective 90 days after the Form 15 is filed with the
SEC. Since 9 November 2007, NMPC, as an operating subsidiary of
National Grid and an issuer of the Preferred Stock, which has been
guaranteed by National Grid, has provided certain supplemental
disclosure as part of the Notes to Accounts to National Grid's
consolidated financial statements, pursuant to Rule 3-10 of
Regulation S-X under the Exchange Act. In the event the Form 15 is
filed, NMPC and National Grid's obligation to provide such
supplemental disclosure will immediately be suspended and neither
NMPC nor National Grid intends to provide such disclosure following
the date of such filing.
CONTACTS
Investors:
Nick
Ashworth +44
(0) 7814
355590
Media
Lyndsey
Evans
+44 (0) 7714 672 052
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly
authorized.
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NATIONAL GRID
plc
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By:
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/s/Sally Kenward
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Sally Kenward
Senior Assistant Company Secretary
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Date:
11 December
2023