Last checked at 8 Aug 2023 09:00
8 August 2023
National Grid plc ('National Grid' or 'Company')
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 5,289,281 ordinary shares to be admitted to trading, in relation to the operation of the Scrip Dividend Scheme for the 2022/23 final dividend, payable on 9 August 2023. Dealings are expected to commence on 9 August 2023 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, 4,622,521 ordinary shares are to be issued at a price of 1059.00 pence per share. In accordance with the terms of the scrip dividend for US holders of American Depositary Receipts ('ADRs'), 133,352 ADRs (each representing 5 ordinary shares) are to be issued at a price of US$65.9534, representing 666,760 ordinary shares (including fractional entitlements).
The current terms and conditions of the scrip dividend scheme are available in the Investors section on the Company's website and from Equiniti on 0800 169 7775 or help.shareview.co.uk.
Pritti Patel
General Counsel, Corporate and Deputy Company Secretary