REG - National Grid PLC - National Grid plc Scrip Dividend

National GridAnnouncement

10/01/2023 09:00

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RNS Number : 1487M  National Grid PLC  10 January 2023

10 January 2023

 

National Grid plc ('National Grid' or 'Company')

 

National Grid plc Scrip Dividend

 

National Grid confirms that an application has been made to the Financial
Conduct Authority for ordinary shares to be admitted to the Official List, and
to the London Stock Exchange for 16,012,646 ordinary shares to be admitted to
trading, in relation to the operation of the Scrip Dividend Scheme for the
2022/23 interim dividend, payable on 11 January 2023.  Dealings are expected
to commence on 11 January 2023 and the shares will rank pari passu with the
existing issued ordinary shares of the Company.

 

In accordance with the terms of the scrip dividend, 15,538,336 ordinary shares
are to be issued at a price of 1014.90 pence per share.  In accordance with
the terms of the scrip dividend for US holders of American Depositary Receipts
('ADRs'), 94,862 ADRs (each representing 5 ordinary shares) are to be issued
at a price of US$61.0513, representing 474,310 ordinary shares (including
fractional entitlements).

 

The current terms and conditions of the scrip dividend scheme are available in
the Investors section on the Company's website
(https://www.nationalgrid.com/investors/shareholder-information/dividends/scrip-dividend-scheme)
and from Equiniti on 0800 169 7775 or help.shareview.co.uk
(https://www.shareview.co.uk/4/Info/Portfolio/Default/en/Home/Help/Pages/Help.aspx)
.

 

 

Pritti Patel

General Counsel, Corporate and Deputy Company Secretary

 

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