1 Dec 2022 13:00
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1 December 2022
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National Grid plc ('National Grid' or the 'Company')
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Scrip Dividend for 2022/23 Interim 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 25 November 2022, 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 interim dividend is 1014.90 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 interim dividend is US$61.0513. This is calculated by multiplying the scrip dividend reference price above by five (as there are five ordinary shares underlying each ADR) and by the average US$ 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 interim dividend timetable:
10 November 2022 | 2022/23 half year results and interim dividend amount declared - 17.84 pence per ordinary share; $1.0307 per ADR* | ||
23 November 2022 24 November 2022 | ADRs go ex-dividend Ordinary shares go ex-dividend | ||
25 November 2022 | Record date for the 2022/23 interim dividend | ||
1 December 2022 | Scrip reference price announced | ||
12 December 2022 (5pm London time) | Scrip Election Date for 2022/23 interim dividend | ||
11 January 2023 | 2022/23 interim dividend paid to qualifying shareholders | ||
*The figure shown is gross of a $0.01 per ADR interim dividend fee which will be applied to cash distributions made to ADR holders in relation to the 2022/23 interim dividend. This fee does not apply to ADRs received through the scrip dividend.
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Pritti Patel
Deputy Company Secretary & General Counsel, Corporate
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