27th August
2024
Not for distribution,
directly or indirectly, in or into the United States or any
jurisdiction in which such distribution would be
unlawful.
National Grid North America
Pre-stabilisation Period
Announcement
Societe Generale (contact: Duane
Elgey +44 20 3547 1528) hereby gives notice, as Stabilisation
Coordinator, that the Stabilisation Manager(s) named below may
stabilise the offer of the following securities in accordance with
[Commission Delegated Regulation (EU) 2016/1052 under the Market
Abuse Regulation (EU/596/2014)][and] [the UK FCA Stabilisation
Binding Technical Standards].
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Securities
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Issuer:
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National Grid North
America
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Guarantor(s) (if any):
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N/A
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Aggregate nominal amount:
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EUR Benchmark
EUR Benchmark
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Description:
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Coupon:
Maturity:
Coupon:
Maturity:
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Offer price:
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Stabilisation:
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Stabilisation Manager(s)
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SG CIB
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Stabilisation period expected to
start on
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27/08/2024
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Stabilisation period expected to end
no later than
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03/10/2024
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Existence, maximum size and
conditions of use of over‑allotment facility:
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The Stabilisation Manager(s) may
over‑allot the
securities to the extent permitted in accordance with applicable
law.
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In connection with the offer of the
above securities, the Stabilisation Manager(s) may
over‑allot10 the securities or effect transactions with a
view to supporting the market price of the securities during the
stabilisation period at a level higher than that which might
otherwise prevail. However, stabilisation may not necessarily occur
and any stabilisation action, if begun, may cease at any
time11. Any stabilisation action or
over‑allotment shall
be conducted in accordance with all applicable laws and
rules.
This announcement is for information
purposes only and does not constitute an invitation or offer to
underwrite, subscribe for or otherwise acquire or dispose of any
securities of the Issuer in any jurisdiction.
This announcement and the offer of
the securities to which it relates are only addressed to and
directed at persons outside the United Kingdom and persons in the
United Kingdom who have professional experience in matters related
to investments or who are high net worth persons within Article
12(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 and must not be acted on or relied on by
other persons in the United Kingdom12.
In addition, if and to the extent
that this announcement is communicated in, or the offer of the
securities to which it relates is made in, [the UK] [any EEA Member
State] before the publication of a prospectus in relation to the
securities which has been approved by the competent authority in
[the UK] [that Member State] in accordance with Regulation
(EU) 2017/1129 [as it forms part of domestic law by virtue of
the European Union (Withdrawal) Act 201813] (the
"[EU][UK] Prospectus Regulation") [(or which has
been approved by a competent authority in another Member State and
notified to the competent authority that Member State in accordance
with the EU Prospectus Regulation)], this announcement and the
offer are only addressed to and directed at persons in [the
UK] [that Member State] who are qualified investors within
the meaning of the [EU][UK] Prospectus Regulation (or who are other
persons to whom the offer may lawfully be addressed) and must not
be acted on or relied on by other persons in [the UK] [that Member
State]14.
This announcement is not an offer of
securities for sale into the United States. The securities have not
been, and will not be, registered under the United States
Securities Act of 1933 and may not be offered or sold in the United
States absent registration or an exemption from registration. There
will be no public offer of securities in the United
States.
