Scrip Dividend issue of New Shares (National Grid)

Date : 08/19/2009 @ 2:00AM
Source : UK Regulatory (RNS and others)
Stock : National Grid (NG.)
Quote : 655.0  7.0 (1.08%) @ 11:29AM
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Scrip Dividend issue of New Shares (National Grid)

 
TIDMNG. 
 
RNS Number : 6366X 
National Grid PLC 
19 August 2009 
 
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National Grid plc 
 
 
19 August 2009 
 
 
 
 
 
 
National Grid plc scrip dividend 
 
 
 
 
National Grid plc confirms the issue and allotment of 24,691,249 ordinary shares 
on 19 August 2009 in relation to the operation of the Scrip Dividend Scheme for 
the 2008/09 final dividend, payable on 19 August 2009. 
 
 
In accordance with the terms of the scrip dividend, 24,388,199 ordinary shares 
are to be issued at a price of 555.5 pence per share. 
 
 
In accordance with the terms of the scrip dividend for US holders of American 
Depositary Receipts ('ADRs'), 60,226 ADRs (each representing 5 ordinary shares) 
are to be issued at a price of US$45.5920. In addition, 384 ADRs are to be 
issued under the US Employee Stock Purchase Plan at a price of US$41.0328. 
 
 
Following the issue of the above shares, the number of ordinary shares in issue 
will be 2,606,666,100 of which 146,937,712 shares are held as treasury shares 
leaving a balance of 2,459,728,388 shares with voting rights. 
The figure of 2,459,728,388 may be used by shareholders as the denominator for 
the calculations by which they will determine if they are required to notify 
their interest in, or a change to their interest in, National Grid plc under the 
FSA's Disclosure and Transparency Rules. 
 
 
Contact: 
Phil Higgins 
Assistant Secretary 
0207 004 3228 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 DIVUWSORKBRWAAR 
 
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