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 interim dividend, payable on 11 January 2024. The company expects dealings to commence on the same day, with the shares ranking pari passu with the existing issued ordinary shares of the Company.
As per the terms of the scrip dividend, 31,102,632 ordinary shares are to be issued at a price of 1,015.60 pence per share. Additionally, for US holders of American Depositary Receipts (ADRs), 74,928 ADRs are to be issued at a price of US$64.1402, representing 374,640 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. Shareholders can find more information on the Investors section of the Company's website or by contacting Equiniti on 0800 169 7775.
This announcement provides shareholders with clear details about the Scrip Dividend Scheme for the 2023/24 interim dividend, ensuring transparency and accessibility to relevant information for those involved in the scheme.