Business
Scrip Dividend
Scrip Dividend.
About this update from National Grid Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2464L\n National Grid PLC\n 12 January 2021\n \n \n \n \n 12 January 2021\n \n \n \n \n \n National Grid plc ('National Grid' or 'Company')\n \n \n \n \n \n National Grid plc Scrip Dividend\n \n \n \n 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 Main Market of the London Stock Exchange for 28,755,898 ordinary shares to be admitted to trading, in relation to the operation of the Scrip Dividend Scheme for the 2020/21 interim dividend, payable on 13 January 2021. Dealings are expected to commence on 13 January 2021 and the shares will rank pari passu with the existing issued ordinary shares of the Company.\n \n \n In accordance with the terms of the scrip dividend, \n 28,755,898 ordinary shares are to be issued at a price of 864.44 pence per share. In accordance with the terms of the scrip dividend for US holders of American Depositary Receipts ('ADRs'), 83,657 ADRs (each representing 5 ordinary shares) are to be issued at a price of US$57.7160, representing 418,285 ordinary shares (including fractional entitlements).\n \n \n The current terms and conditions of the scrip dividend scheme are available in the Investors section on the Company's \n \n website\n \n and from Equiniti on 0800 169 7775\n or \n \n help.shareview.co.uk\n \n .\n \n \n \n \n \n \n Megan Barnes\n \n \n Head of Company Secretariat\n \n \n \n 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 [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.\n END\n \n DIVUAORRAWUAAAR\n ","length":4044,"tagName":"div"}]