8 Jun 2023 17:47
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8 June 2023
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National Grid plc ('National Grid' or 'Company')
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Scrip Dividend for 2022/23 Final Dividend
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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 2 June 2023, the dividend record date. A timetable is provided below.
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For ordinary shareholders, the scrip dividend reference price for the 2022/23 final dividend is 1,059.00 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 ordinary share ex-dividend date.
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For American Depositary Receipt (ADR) holders, the scrip ADR reference price for the 2022/23 final dividend is US$65.9534. This is calculated by multiplying the scrip dividend reference price above by five (as there are five ordinary shares underlying each ADR) and by the average US$ rate for the equivalent dates.
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The current terms and conditions of the scrip dividend scheme are available in the Investors section on the Company's website and from Equiniti (0800 169 7775).
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2022/23 final dividend timetable:
18 May 2023 Â | 2022/23 full year results and final dividend amount announced - 37.60 pence per ordinary share; US$2.3459 per ADR* | ||
1 June 2023 | Ordinary shares and ADRs go ex-dividend for 2022/23 final dividend | ||
2 June 2023 | Record date for 2023/23 final dividend | ||
8 June 2023 | Scrip reference price announced | ||
12 July 2023 | Scrip election date for 2022/23 final dividend (5pm London time) | ||
9 August 2023 | 2022/23 final dividend paid to qualifying shareholders | ||
*The figure shown is gross of a $0.02 per ADR interim dividend fee which will be applied to cash distributions made to ADR holders in relation to the 2022/23 final dividend. This fee does not apply to ADRs received through the scrip dividend.
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Pritti Patel
Deputy Company Secretary and General Counsel Corporate
National Grid plc
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