Business Context and Reporting Period
Company: National Grid Transco plc (National Grid PLC)
Filing Type: Form 6-K (Report of Foreign Issuer)
Date: February 11, 2003
Context: This filing serves as an announcement to the London Stock Exchange regarding a specific corporate action: the repurchase of ordinary shares for cancellation.
Key Financial Metrics
This filing does not contain comprehensive financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The only financial metric disclosed relates to the share repurchase transaction:
- Shares Purchased: 3,500,000 ordinary shares
- Transaction Date: February 10, 2003
- Price per Share: 398.35 pence
- Purpose: Cancellation
Material Changes
The filing reports a reduction in the company's outstanding share count due to the repurchase of 3,500,000 shares. No other material changes to operations, assets, or liabilities are disclosed in this document.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, contingencies, or discussion of unusual items beyond the share buyback announcement.
Investor Verification Checklist
- Verify the total number of shares authorized for repurchase under the company's current buyback program to determine remaining capacity.
- Confirm the total cost of the transaction (3,500,000 shares x 398.35 pence) against the company's available cash reserves.
- Check subsequent filings to confirm the official cancellation of these shares and the updated share capital structure.