National Grid plc has confirmed the application for ordinary shares to be admitted to the Official List and the London Stock Exchange for the operation of the Scrip Dividend Scheme for the 2023/24 final dividend, payable on 19 July 2024. The company expects dealings to commence on 19 July 2024, with the shares ranking pari passu with the existing issued ordinary shares of the Company.
As per the terms of the Scrip Dividend Scheme, 72,993,919 ordinary shares are to be issued at a price of 869.20 pence per share. Additionally, for US holders of American Depositary Receipts (ADRs), 206,106 ADRs (each representing five ordinary shares) are to be issued at a price of US$55.4376, representing 1,030,530 ordinary shares (including fractional entitlements).
The current terms and conditions of the Scrip Dividend Scheme are available on the Company's website and from Equiniti. Interested parties can access the details on the Company's website or contact Equiniti for further information.
Julian Baddeley, National Grid plc
This announcement provides details about the Scrip Dividend Scheme for the 2023/24 final dividend, including the number of ordinary shares to be issued, the pricing, and the availability of terms and conditions for shareholders.