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

National GridAnnouncement

09/12/2021 13:00

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RNS Number : 1418V  National Grid PLC  09 December 2021

 

 

 

9 December 2021

 

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

 

Scrip Dividend for 2021/22 Interim 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 3 December 2021, the dividend record
date. A timetable is provided below.

 

For ordinary shareholders, the scrip dividend reference price for the 2021/22
interim dividend is 1015.80 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 Receipt (ADR) holders, the scrip ADR reference price
for the 2021/22 interim dividend is US$67.3374. This is calculated by
multiplying the scrip dividend reference price above by five (as there are
five ordinary shares underlying each ADR) and by the average US$ rate for the
equivalent dates.

 

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 (0800 169 7775).

 

2021/22 interim dividend timetable:

 18 November 2021                    2021/22 half year results and interim dividend amount declared - 17.21 pence
                                     per ordinary share; $1.1573 per ADR*
 2 December 2021                     ADRs and ordinary shares go ex-dividend
 3 December 2021                     Record date for the 2021/22 interim dividend
 9 December 2021                     Scrip reference price announced
 20 December 2021 (5pm London time)  Scrip Election Date for 2021/22 interim dividend
 19 January 2022                     2021/22 interim dividend paid to qualifying shareholders

*The figure shown is gross of a $0.01 per ADR interim dividend fee which will
be applied to cash distributions made to ADR holders in relation to the
2021/22 interim dividend.  This fee does not apply to ADRs received through
the scrip dividend.

 

 

Megan Barnes

Head of Company Secretariat

 

 

 

 

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