REG - National Grid PLC - Scrip Dividend for 2022/23 Interim Dividend

National GridAnnouncement

01/12/2022 13:00

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RNS Number : 2727I  National Grid PLC  01 December 2022

 

 

 

1 December 2022

 

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

 

Scrip Dividend for 2022/23 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 25 November 2022, the dividend record
date. A timetable is provided below.

 

For ordinary shareholders, the scrip dividend reference price for the 2022/23
interim dividend is 1014.90 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 2022/23 interim dividend is US$61.0513. This is calculated by
multiplying the scrip dividend reference price above by five (as there are
five ordinary shares underlying each ADR) and by the average US$ 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).

 

2022/23 interim dividend timetable:

 10 November 2022                    2022/23 half year results and interim dividend amount declared - 17.84 pence
                                     per ordinary share; $1.0307 per ADR*
 23 November 2022                    ADRs go ex-dividend

 24 November 2022                    Ordinary shares go ex-dividend
 25 November 2022                    Record date for the 2022/23 interim dividend
 1 December 2022                     Scrip reference price announced
 12 December 2022 (5pm London time)  Scrip Election Date for 2022/23 interim dividend
 11 January 2023                     2022/23 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
2022/23 interim dividend. This fee does not apply to ADRs received through the
scrip dividend.

 

 

Pritti Patel

Deputy Company Secretary & General Counsel, Corporate

 

 

 

 

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