REG - National Grid PLC - Scrip Dividend for 2023/24 Final Dividend

National GridAnnouncement

13/06/2024 16:45

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RNS Number : 3823S  National Grid PLC  13 June 2024

 

 

 

13 June 2024

 

National Grid plc ('National Grid' or the 'Company')

 

Scrip Dividend for 2023/24 Final Dividend

 

National Grid today announces the scrip dividend reference price for the
2023/24 final dividend. A timetable is provided below.

 

For ordinary shareholders, the scrip dividend reference price for the 2023/24
final dividend is 869.20 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.

 

For American Depositary Receipt ('ADR') holders, the scrip ADR reference price
for the 2023/24 final dividend is US$55.4376. This is calculated by
multiplying the scrip dividend reference price above by five (as there are
five ordinary shares underlying each ADR) and by the average US$ rate for the
equivalent dates.

 

The current terms and conditions of the scrip dividend scheme are available in
the Investors section on the Company's website
(https://www.nationalgrid.com/investors/shareholder-information/dividends/scrip-dividend-scheme)
and from Equiniti (0800 169 7775).

 

2023/24 final dividend timetable:

 23 May 2024                2023/24 full year results and final dividend amount declared - 39.12 pence per
                            ordinary share; $2.4939 per ADR*
 6 June 2024                Ordinary shares and ADRs go ex-dividend
 7 June 2024                Record date for the 2023/24 final dividend
 13 June 2024               Scrip reference price announced
 18 June 2024 (by 5pm EST)  Scrip election date for 2023/24 final dividend - ADRs
 24 June 2024 (by 5pm BST)  Scrip election date for 2023/24 final dividend - Ordinary shares
 19 July 2024               2023/24 final dividend paid to qualifying shareholders

*The figure shown is gross of a $0.02 per ADR final dividend fee which will be
applied to cash distributions made to ADR holders in relation to the 2023/24
final dividend. This fee does not apply to ADRs received through the scrip
dividend.

 

 

Pritti Patel

Deputy Company Secretary & General Counsel, Corporate

 

 

 

 

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