NG right issue27 May 2024 11:34
For every 24 NG shares you hold, you are allocated 7 shares at £6.45 (Reduced price from the current £9 or so that NG is trading at the moment). You can take them or leave them.
If you are thinking log term, an electricity network is a sound business specially since everything will be electric soon. The investment is needed to cope with all the extra demand.
The only danger I see is being such an strategic sector and being a de facto monopoly, a government decides to nationalise it but it is highly unlikely.
And of course if you don't take them, your current holding has been diluted so it is worth less.