National Grid 2008 Annual Report Download - page 290

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BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 33372
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: (212)924-5500Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-2.B.6.1, Doc: 6, Page: 84
Description: EXH 2(B).6.1
0/1688.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/688/1*
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 33372
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: (212)924-5500Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-2.B.6.1, Doc: 6, Page: 84
Description: EXH 2(B).6.1
0/1688.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/688/1*
GENERAL INFORMATION
84
1. The admission of the Pro
g
ramme to listin
g
on the Official List of the U.K. Listin
g
Authority and to tradin
g
on the Market
is expected to take effect on or about 6 December 2007. The listin
g
of the Instruments on the Official List will be
expressed as a percenta
g
e of their nominal amount (exclusive of accrued interest). Any Tranche of Instruments
intended to be admitted to listin
g
on the Official List of the U.K. Listin
g
Authority and admitted to tradin
g
on the Market
will be so admitted to listin
g
and tradin
g
upon submission to the U.K. Listin
g
Authority and the Market (in accordance
with their rules and procedures) of the relevant Final Terms and any other information required by the U.K. Listin
g
Authority and the Market, subject in each case to the issue of the relevant Instruments. Prior to official listin
g
, dealin
g
s
will be permitted by the Market in accordance with its rules. Transactions will normally be effected for delivery on the
third working day in London after the day of the transaction.
However, Instruments may be issued pursuant to the Pro
g
ramme which will not be admitted to listin
g
and/or tradin
g
by
the U.K. Listin
g
Authority or the Market or any other listin
g
authority, stock exchan
g
e and/or quotation system or which
will be admitted to listin
g
, tradin
g
and/or quotation by such listin
g
authority, stock exchan
g
e and/or quotation system as
the Issuer and the relevant Dealer(s) may agree.
2. The Issuer has obtained all necessary consents, approvals and authorisations in the United States of America in
connection with the issue and performance of the Instruments.
3. The establishment of the Pro
g
ramme was authorised by a resolution of the Executive Committee of the Board of
Directors of the Issuer passed on 14 November 2007.
4. The Instruments have been accepted for clearance throu
g
h the Euroclear and Clearstream, Luxembour
g
. The
appropriate common code and the International Securities Identification Number in relation to the Instruments of each
Series will be specified in the Final Terms relatin
g
thereto. The relevant Final Terms shall specify any other clearin
g
system(s) as shall have accepted the relevant Instruments for clearance to
g
ether with any further appropriate
information.
5. Neither the Issuer nor any of it subsidiaries is or has been involved in any
g
overnmental, le
g
al or arbitration
proceedin
g
s (includin
g
any such proceedin
g
s which are pendin
g
or threatened of which the Issuer is aware) durin
g
the
12 months precedin
g
the date of this Prospectus which may have, or have in such period had, si
g
nificant effects on the
financial position or profitability of the Issuer or of the Group.
6. Save as disclosed in “Description of National Grid USA – Recent Developments”, there has been no si
g
nificant chan
g
e
in the financial or tradin
g
position of the Issuer or the Group since 31 March 2007 and no material adverse chan
g
e in
the
p
ros
p
ects of the Issuer since 31 March 2007.
7. PricewaterhouseCoopers LLP, Independent Re
g
istered Public Accountin
g
Firm of 125 Hi
g
h Street, Boston, MA 02110
(members of the American Institute of Certified Public Accountants), have audited, and rendered unqualified audit
reports on, the consolidated financial statements prepared under U.S. GAAP of the Issuer for the years ended 31 March
2007 and 31 March 2006.
8. Each Instrument havin
g
a maturity of more than one year, Receipt, Coupon and Talon will bear the followin
g
le
g
end:
“Any United States person who holds this obli
g
ation will be subject to limitations under the United States income tax
laws, including the limitations provided in Sections 165(j) and 1287(a) of the Internal Revenue Code”.
9. For so lon
g
as the Pro
g
ramme remains in effect or any Instruments are outstandin
g
, copies of the followin
g
documents
may be inspected during usual business hours on any weekday (Saturdays,