National Grid PLC Scrip Dividend (0132O)
15 August 2017 - 6:00PM
UK Regulatory
TIDMNG.
RNS Number : 0132O
National Grid PLC
15 August 2017
Tuesday, 15 August 2017
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 3,168,642 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 2016/17 final dividend,
payable on 16 August 2017. Dealings are expected to commence on 16
August 2017 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, 2,538,037
ordinary shares are to be issued at a price of 1033.10 pence per
share. In accordance with the terms of the scrip dividend for US
holders of American Depositary Receipts ('ADRs'), 126,121 ADRs
(each representing 5 ordinary shares) are to be issued at a price
of US$66.6350, representing 630,605 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, from Capita Asset Services (0371 402 3344,
nationalgrid@capita.co.uk) and are also set out in full in the
announcement released by the Company on 8 June 2017, which is
available on the National Storage Mechanism.
Contact: David Whincup, Assistant Company Secretary (020 7004
3209)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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