REG - National Grid PLC - Scrip Dividend for 2021/22 Final Dividend

National GridAnnouncement

10/06/2022 13:00

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RNS Number : 4945O  National Grid PLC  10 June 2022

 

 

 

10 June 2022

 

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

 

Scrip Dividend for 2021/22 Final Dividend

 

The optional scrip dividend, allowing shareholders to receive new fully paid
ordinary shares in the Company, instead of a cash dividend, is available to
ordinary shareholders on the register on 6 June 2022, the 2021/22 final
dividend record date. A timetable is provided below.

 

For ordinary shareholders, the scrip dividend reference price for the 2021/22
final dividend is 1,106.80 pence.  This is calculated as the average closing
mid-market price of an ordinary share for the five dealing days commencing
with, and including, the ordinary share ex-dividend date.

 

For American Depositary Share (ADS) holders, the scrip ADS reference price for
the 2021/22 final dividend is US$69.3576. This is calculated by multiplying
the scrip dividend reference price above by five (as there are five ordinary
shares underlying each ADS) and by the average US$ rate for the equivalent
dates.

 

The current terms and conditions of the scrip dividend scheme are available on
the Company's website at www.nationalgrid.com (http://www.nationalgrid.com) in
the Investors section or from Equiniti (0800 169 7775).

 

2021/22 final dividend timetable:

 19 May 2022     2021/22 full year results and final dividend amount declared - 33.76 pence per

               ordinary share; $2.0929 per ADS*

 1 June 2022     Ordinary shares go ex-dividend for 2021/22 final dividend
 3 June 2022     ADSs go ex-dividend for 2021/22 final dividend
 6 June 2022     Record date for 2021/22 final dividend
 10 June 2022    Scrip reference price announced
 11 July 2022    2022 AGM
 20 July 2022    Scrip election date for 2021/22 final dividend (5.00pm London time)
 17 August 2022  2021/22 final dividend paid to qualifying shareholders

 * The figure shown is gross of a $0.02 per ADS final dividend fee which will
be applied to cash distributions made to ADS holders in relation to the
2021/22 final dividend. This fee does not apply to ADSs received through the
scrip dividend.

 

 

Megan Barnes

Head of Company Secretariat

 

 

 

 

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