REG - National Grid PLC - Scrip Dividend for 2014/15 Interim Dividend <Origin Href="QuoteRef">NG.L</Origin>

National GridAnnouncement

27/11/2014 13:01

RNS Number : 1930Y
National Grid PLC
27 November 2014
Thursday, 27 November 2014
National Grid plc (National Grid)
Scrip Dividend for 2014/15 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 21 November 2014, the dividend record date. A timetable is provided below.
For ordinary shareholders, the scrip dividend reference price for the 2014/15 interim dividend is 937.40 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 2014/15 interim dividend is US$73.6750. This is calculated by multiplying the scrip dividend reference price above by five (as there are five ordinary shares underlying each ADR) and by the average US$ rate for the equivalent dates. 
The 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). 
2014/15 interim dividend timetable:
7 November 2014
2014/15 half year results and interim dividend amount declared - 14.71 pence per ordinary share;$1.1718 per ADR*
20 November 2014
Ordinary shares and ADRs go ex-dividend 
21 November 2014
Record date 
27 November 2014
Scrip dividend reference price announced
5 December 2014
Scrip dividend election date
7 January 2015
Dividend payment date
* The figure shown is gross of a $0.01 per ADR dividend fee which will be applied to cash distributions made to ADR holders in relation to the 2014/15 interim dividend. This fee does not apply to ADRs received through the scrip dividend.
Contact: D Whincup, Company Secretarial Assistant
0207 004 3209

This information is provided by RNS
The company news service from the London Stock Exchange
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