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National Grid Stock Purchase Rights Issue - May 30, 2024

National Grid Stock Purchase Rights Issue - May 30, 2024

On May 23rd, National Grid presented their fiscal year 2023 earnings. During this presentation, a rights issue was announced to raise additional capital. UK shareholders are being offered the opportunity to purchase up to 7 new shares of National Grid stock for every 24 shares they already own at a 35% discount.

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