National Grid PLC Scrip Dividend (4332L)
January 12 2016 - 4:00AM
UK Regulatory
TIDMNG.
RNS Number : 4332L
National Grid PLC
12 January 2016
Tuesday, 12 January 2016
National Grid plc (National Grid)
National Grid plc scrip dividend
National Grid confirms that an application has been made to the
Financial Conduct Authority for 3,356,417 ordinary shares to be
admitted to the Official List, and to the London Stock Exchange for
the shares to be admitted to trading, in relation to the operation
of the Scrip Dividend scheme for the 2015/16 interim dividend,
payable on 13 January 2016. Dealings are expected to commence on 13
January 2016 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, 2,925,332
ordinary shares are to be issued at a price of 928.90 pence per
share. In accordance with the terms of the scrip dividend for US
holders of American Depositary Receipts ('ADRs'), 86,217 ADRs (each
representing 5 ordinary shares) are to be issued at a price of
US$69.8765, representing 431,085 ordinary shares (including
fractional entitlements).
Contact: David Whincup, Assistant Company Secretary (020 7004
3209)
This information is provided by RNS
The company news service from the London Stock Exchange
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