Business
Publication of Circular and Notice of GM
Publication of Circular and Notice of GM.
About this update from National Grid Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1360U\n National Grid PLC\n 31 March 2021\n \n \n \n \n National Grid plc\n \n \n 31 March 2021\n \n \n \n \n \n \n \n \n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.\n \n \n \n \n \n NATIONAL GRID PLC WILL SHORTLY PUBLISH A CIRCULAR IN CONNECTION WITH THE WPD ACQUISITION. ANY VOTING DECISIONS BY SHAREHOLDERS IN CONNECTION WITH THE WPD ACQUISITION SHOULD BE MADE ON THE BASIS OF THE INFORMATION CONTAINED IN THE CIRCULAR.\n \n \n \n \n \n FOR IMMEDIATE RELEASE\n \n \n \n National Grid plc ('National Grid' or the 'Company')\n \n \n \n \n \n Proposed acquisition of Western Power Distribution \n \n \n \n \n \n Publication of Circular and Notice of General Meeting \n \n \n \n Further to the announcement made on 18 March 2021, National Grid announces that its circular (the 'Circular'), in relation to the proposed acquisition of PPL WPD Investments Limited, the holding company of Western Power Distribution - the UK's largest electricity distribution business (the 'WPD Acquisition'), has today been approved by the Financial Conduct Authority (the 'FCA'). \n \n The Circular will shortly be sent to the Company's shareholders ('shareholders'), other than those who have elected for notification by electronic communication. \n \n \n The WPD Acquisition is conditional on, among other things, the approval of shareholders. Accordingly, the Circular contains a notice convening a General Meeting of the Company which is to be held at 1 - 3 Strand, London, WC2N 5EH at 12pm on 22 April 2021 (the '\n \n General Meeting\n \n ') at which ordinary resolutions will be proposed for shareholders to approve the WPD Acquisition and a related increase to the borrowing limit in the Company's articles of association (the 'Notice of General Meeting'). Further details of the resolutions are provided in the explanatory notes to the Notice of General Meeting.\n The expected timetable of principal events in relation to the General Meeting is as follows:\n \n \n \n Event\n \n \n Expected time/date\n \n \n \n \n \n Deadline for lodging Forms of Proxy/ CREST Proxy Instructions\n \n \n \n \n 12 p.m. on 20 April...