Scrip Dividend

RNS Number : 6285Z

National Grid PLC

14 January 2020

 

Tuesday, 14 January 2020

National Grid plc (National Grid)

National Grid plc scrip dividend

National Grid confirms that an application has been made to the Financial Conduct Authority for ordinary shares to be admitted to the Official List, and to the London Stock Exchange for 27,319,042 ordinary shares to be admitted to trading, in relation to the operation of the Scrip Dividend Scheme for the 2019/20 interim dividend, payable on 15 January 2020.  Dealings are expected to commence on 15 January 2020 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, 27,319,042 ordinary shares are to be issued at a price of 884.16 pence per share.  In accordance with the terms of the scrip dividend for US holders of American Depositary Receipts ('ADRs'), 158,916 ADRs (each representing 5 ordinary shares) are to be issued at a price of US$57.3510, representing 794,580 ordinary shares (including fractional entitlements).

The current terms and conditions of the Scrip Dividend Scheme are available on the Company's website at www.nationalgrid.com in the Investors section and from Equiniti (0800 169 7775), help.shareview.co.uk.

Contact: Zoë Burnell, Company Secretarial Assistant (020 7004 3227)

 

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