National Grid PLC Scrip Dividend (7455X)
August 14 2018 - 4:47AM
UK Regulatory
TIDMNG.
RNS Number : 7455X
National Grid PLC
14 August 2018
Tuesday, 14 August 2018
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 ordinary shares to be admitted to
the Official List, and to the London Stock Exchange for 38,389,842
ordinary shares to be admitted to trading, in relation to the
operation of the Scrip Dividend scheme for the 2017/18 final
dividend, payable on 15 August 2018. Dealings are expected to
commence on 15 August 2018 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, 38,389,842
ordinary shares are to be issued at a price of 830.66 pence per
share. In accordance with the terms of the scrip dividend for US
holders of American Depositary Receipts ('ADRs'), 151,379 ADRs
(each representing 5 ordinary shares) are to be issued at a price
of US$55.4549, representing 756,895 ordinary shares (including
fractional entitlements).
The current terms and conditions of the scrip dividend scheme
are available on the Company's website at www.nationalgrid.com in
the Investors section and from Link Asset Services (0371 402 3344,
nationalgrid@linkgroup.co.uk)
Contact: Ceri James, Assistant Company Secretary (020 7004
3116)
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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