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Scrip Dividend for 2017/18 Interim Dividend
Scrip Dividend for 2017/18 Interim Dividend.
About this update from National Grid Plc
[{"type":"text","content":"\n \nRNS Number : 0076Y National Grid PLC 30 November 2017 \n\nThursday, 30 November 2017\n \nNational Grid plc (National Grid)\n \n \nScrip Dividend for 2017/18 Interim 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 24 November 2017, the dividend record date. A timetable is provided below.\n \nFor ordinary shareholders, the scrip dividend reference price for the 2017/18 interim dividend is 874.80 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 2017/18 interim dividend is US$58.3842. This is calculated by multiplying the scrip dividend reference price above by five (as there are five ordinary shares underlying each ADR) and by the average US$ 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 Link Asset Services (formerly Capita Asset Services) 0371 402 3344, [email protected] and are also set out in full below.\n \n2017/18 interim dividend timetable:\n \n\n\n\n\n \n\n\n \n\n\n\n\n9 November 2017\n\n\n2017/18 half year results\n\n\n\n\n22 November 2017\n\n\nADR's go ex-dividend for 2017/18 interim dividend\n\n\n\n\n23 November 2017\n\n\nOrdinary shares go ex-dividend\n\n\n\n\n24 November 2017\n\n\nRecord date for 2017/18 interim dividend\n\n\n\n\n30 November 2017\n\n\nScrip reference price announced\n\n\n\n\n8 December 2017\n\n\nScrip Election Date for 2017/18 interim dividend (5pm - London time)\n\n\n\n\n10 January 2018\n\n\n2017/18 interim dividend paid to qualifying shareholders\n \n\n\n\n\n \n * The figure shown is gross of a $0.01 per ADR dividend fee which will be applied to cash distributions made to ADR holders in relation to the 2017/18 interim dividend. This fee does not apply to ADRs received through the scrip dividend.\n \nContact:\n \nDavid Whincup, Assistant Company Secretary &nb...