RE: Have the Buybacks finished?30 Jan 2018 14:32
Memory not great, I was �15m out. Set x3 limit orders this morning, one for here which looks like it should have activated. PNN and TOWN moving the wrong way. Still now Im buying in the 7's it will drop to the 6's .... maybe I'm not much better than the board at buying ng. shares
"National Grid plc (the "Company") announces that it is to commence its �835 million share buy-back programme to repurchase ordinary shares in the capital of the Company, expected to be carried out in not less than two tranches (the "Programme"). The sole purpose of the Programme is, as previously announced, to reduce the share capital of the Company as part of the return of proceeds to shareholders following the sale of a majority interest in the Company's UK gas distribution business.
The Company announces that it has entered into an irrevocable and non-discretionary arrangement with Barclays Capital Securities Limited ("Barclays"), an independent third party, in relation to the first tranche of the Programme which will commence on 2 June 2017 and will end no later than 27 December 2017 (the "First Tranche"). Barclays will act as principal during the First Tranche and will make its trading decisions concerning the timing of the purchases of the Company's ordinary shares independently of the Company."