REG - National Grid PLC - Scrip Dividend for 2013/14 Final Dividend <Origin Href="QuoteRef">NG.L</Origin>

National GridAnnouncement

06/09/2014 02:13

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RNS Number : 3669J
National Grid PLC
11 June 2014 
 
11 June 2014 
 
National Grid plc ('the Company') 
 
Scrip Dividend for 2013/14 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 2014, the dividend record
date.  A timetable is provided below. 
 
For ordinary shareholders, the scrip dividend reference price for the 2013/14
final dividend is 836.10 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 ex-dividend date. 
 
For American Depositary Receipt (ADR) holders, the scrip ADR reference price
for the 2013/14 final dividend is US$70.1362.  This is calculated by
multiplying the scrip dividend reference price above by five (as there are
five ordinary shares underlying each ADR) and by the average US$ rate for the
equivalent dates.  As previously announced by the New York Stock Exchange, the
ex-dividend date for ADR holders is 29 July 2014. 
 
The terms and conditions of the scrip dividend are available on the Company's
website at www.nationalgrid.com in the Investors section, under Dividends or
from Capita Asset Services (0871 402 3344, nationalgrid@capita.co.uk). 
 
2013/14 final dividend timetable: 
 
 15 May 2014     2013/14 full year results and dividend amount declared - 27.54 pence per ordinary share;$2.3107 per ADR*  
 4 June 2014     Ordinary shares go ex-dividend                                                                            
 5 June 2014     Annual Report and Accounts publication date                                                               
 6 June 2014     Record date                                                                                               
 11 June 2014    Scrip dividend reference price announced                                                                  
 27 June 2014    Scrip dividend election date                                                                              
 28 July 2014    Annual General Meeting                                                                                    
 20 August 2014  Dividend payment date                                                                                     
 
 
* The figure shown is gross of a $0.02 per ADR dividend fee which will be
applied to cash distributions made to ADR holders in relation to the 2013/14
final dividend.  This fee does not apply to ADRs received through the scrip
dividend. 
 
Contact: Alice Morgan (020 7004 3228) 
 
This information is provided by RNS
The company news service from the London Stock Exchange