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Scrip Dividend for 2016/17 Final Dividend
Scrip Dividend for 2016/17 Final Dividend.
About this update from National Grid Plc
[{"type":"text","content":"\n \nRNS Number : 5560H National Grid PLC 08 June 2017 \n\nThursday, 8 June 2017\n \nNational Grid plc (National Grid)\n \n \nScrip Dividend for 2016/17 Final Dividend\n \nThe optional scrip dividend, allowing shareholders to receive new fully paid ordinary shares in the Company, instead of a cash dividend, is available to shareholders on the register on 2 June 2017, the dividend record date. A timetable is provided below.\n \nFor ordinary shareholders, the scrip dividend reference price for the 2016/17 final dividend is 1033.10 pence. This is calculated as the average closing mid-market price of an ordinary share for the five dealing days commencing with, and including, the ordinary share ex-dividend date.\n \nFor American Depositary Receipt (ADR) holders, the scrip ADR reference price for the 2016/17 final dividend is US$66.6350 This is calculated by multiplying the scrip dividend reference price above by five (as there are five ordinary shares underlying each ADR) and by the average US$ rate for the equivalent dates. \n \nThe 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, [email protected]) and are also set out in full below.\n \n2016/17 final dividend timetable:\n \n\n\n\n\n \n\n\n \n\n\n\n\n18 May 2017\n\n\n2016/17 full year results and final dividend amount declared - 29.10 pence per ordinary share; $1.8924 per ADR*\n \n\n\n\n\n31 May 2017\n\n\nADR's go ex-dividend for 2016/17 final dividend\n\n\n\n\n1 June 2017\n\n\nOrdinary shares go ex-dividend for 2016/17 final dividend\n\n\n\n\n2 June 2017\n\n\nRecord date for 2016/17 final dividend\n\n\n\n\n8 June 2017\n\n\nScrip reference price announced\n\n\n\n\n19 June 2017\n\n\nScrip election date\n\n\n\n\n31 July 2017\n\n\n2017 AGM\n\n\n\n\n16 August 2017\n\n\n2016/17 final dividend paid to qualifying shareholders\n \n\n\n\n\n \n * The figure shown is gross of a $0.02 per ADR dividend fee which will be applied to cash distributions made to ADR holders in relation to the 2016/17 final dividend. This fee does not apply to ADRs received through the scrip dividend.\n \nContact:\n \nCeri James, Company Secretarial Assistan...