REG - National Grid PLC - Scrip Dividend for 2023/24 Interim Dividend

National GridAnnouncement

30/11/2023 15:00

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RNS Number : 2640V  National Grid PLC  30 November 2023

 

 

 

30 November 2023

 

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

 

Scrip Dividend for 2023/24 Interim Dividend

 

National Grid today announces the scrip dividend reference price for the
2023/24 interim dividend. A timetable is provided below.

 

For ordinary shareholders, the scrip dividend reference price for the 2023/24
interim dividend is 1,015.60 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 2023/24 interim dividend is US$64.1402. This is calculated by
multiplying the scrip dividend reference price above by five (as there are
five ordinary shares underlying each ADR) and by the average US$ 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).

 

2023/24 interim dividend timetable:

 9 November 2023                2023/24 half year results and interim dividend amount declared - 19.40 pence
                                per ordinary share; $1.1899 per ADR*
 22 November 2023               ADRs go ex-dividend

 23 November 2023               Ordinary shares go ex-dividend
 24 November 2023               Record date for the 2023/24 interim dividend
 30 November 2023               Scrip reference price announced
 5 December 2023 (by 12pm EST)  Scrip election date for 2023/24 interim dividend - ADRs
 11 December 2023 (by 5pm GMT)  Scrip election date for 2023/24 interim dividend - Ordinary shares
 11 January 2024                2023/24 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
2023/24 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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