National Grid plc Scrip DividendSource: RNS
16 August 2022
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 10,284,667 ordinary shares to be admitted to trading, in relation to the operation of the Scrip Dividend Scheme for the 2021/22 final dividend, payable on 17 August 2022. Dealings are expected to commence on 17 August 2022 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, 9,739,267 ordinary shares are to be issued at a price of 1,106.80 pence per share. In accordance with the terms of the scrip dividend for US holders of American Depositary Receipts ('ADRs'), 109,080 ADRs (each representing 5 ordinary shares) are to be issued at a price of US$69.3576, representing 545,400 ordinary shares (including fractional entitlements).
Head of Company Secretariat