Scrip Dividend issue of New S

RNS Number : 6366X

National Grid PLC

19 August 2009

 



National Grid plc

19 August 2009

National Grid plc scrip dividend

National Grid plc confirms the issue and allotment of 24,691,249 ordinary shares on 19 August 2009 in relation to the operation of the Scrip Dividend Scheme for the 2008/09 final dividend, payable on 19 August 2009. 

In accordance with the terms of the scrip dividend, 24,388,199 ordinary shares are to be issued at a price of 555.5 pence per share.

In accordance with the terms of the scrip dividend for US holders of American Depositary Receipts ('ADRs'), 60,226 ADRs (each representing 5 ordinary shares) are to be issued at a price of US$45.5920. In addition, 384 ADRs are to be issued under the US Employee Stock Purchase Plan at a price of US$41.0328.

Following the issue of the above shares, the number of ordinary shares in issue will be 2,606,666,100 of which 146,937,712 shares are held as treasury shares leaving a balance of 2,459,728,388 shares with voting rights.  

The figure of 2,459,728,388 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, National Grid plc under the FSA's Disclosure and Transparency Rules.  

Contact: 

Phil Higgins 

Assistant Secretary

0207 004 3228

 

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