National Grid Rights Issue

[NorthernDancer]

Just wondering whether anyone else has had the paperwork re this offer which expires next Tuesday and, if so, what they have decided to do.

I inherited these shares and have never really taken much notice of them, so I'm a bit unsure. I did try to get myself a financial advisor, but I didn't have enough money to be of interest to them!

The way I read it, I am being asked to buy more shares at a discount price. I can do this, but how do I know whether it will be worth it? Or maybe that is the nub of the thing and I have to decide whether to take a chance, or not?

Hopefully there is somebody about who knows [a lot] more about this stuff than I do!

I have an extremely small number of NG shares. Definitely worth taking this up. Current share price is 886p. Rights issue allows you to buy a certain number for 645p each - that's a big discount.

Essentially the value of the existing shares fell when the rights issue was announced because they will be diluted by the new shares (i.e. each share represents a smaller % of the company, because there are now more of them). Taking up the rights issue allows you to maintain the value of your holding by buying the new shares at a discount.

If it helps, I’ve been monitoring what people are saying about it on LSE (see photo) - no need to register, just enter the company and then click on “share chat”.

Just confirmed that I will be buying mine. Saw advice somewhere to monitor the price nearer to the deadline - incase it’s better to sell the options on to someone else rather than buy myself.