National Grid plc scrip dividend

RNS Number : 6911V

National Grid PLC

17 January 2012

 



National Grid plc

17 January 2012

National Grid plc scrip dividend

National Grid plc confirms that application has been made to the Financial Services Authority for 5,526,413 ordinary shares to be admitted to the Official List, and to the London Stock Exchange for the shares to be admitted to trading, in relation to the operation of the Scrip Dividend Scheme for the 2011/12 interim dividend, payable on 18 January 2012.  Dealings are expected to commence on 18 January 2012 and the shares will rank pari passu with the existing issued ordinary shares of the Company.

In accordance with the terms of the scrip dividend, 4,920,223 ordinary shares are to be issued at a price of 613.8 pence per share.  In accordance with the terms of the scrip dividend for US holders of American Depositary Receipts ('ADRs'), 116,778 ADRs (each representing 5 ordinary shares) are to be issued at a price of US$48.7565, and 4,460 ADRs are to be issued under the US Employee Stock Purchase Plan at a price of US$41.4430, representing 606,190 ordinary shares (including fractions).

Arit Amana

Company Secretarial Assistant

020 7004 3116

 

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