Business
Scrip Dividend for 2018/19 Final Dividend
Scrip Dividend for 2018/19 Final Dividend.
About this update from National Grid Plc
[{"type":"text","content":"\n \nRNS Number : 4029B National Grid PLC 06 June 2019 \n\nThursday, 6 June 2019\n \nNational Grid plc (National Grid)\n \n \nScrip Dividend for 2018/19 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 ordinary shareholders on the register on 31 May 2019, the dividend record date. A timetable is provided below.\n \nFor ordinary shareholders, the scrip dividend reference price for the 2018/19 final dividend is 789.74 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 2018/19 final dividend is US$49.9866*. This is calculated by multiplying the scrip dividend reference price above by five (as there are five ordinary shares underlying each ADR) and by the average US$ 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 Equiniti (0800 169 7775) and are also set out in full below.\n \n2018/19 final dividend timetable:\n\n\n\n\n \n\n\n \n\n\n\n\n16 May 2019\n \n \n\n\n2018/19 full year results and final dividend amount declared - 31.26 pence per ordinary share; $2.0256 per ADR*\n\n\n\n\n30 May 2019\n \n\n\nOrdinary shares and ADR's go ex-dividend for 2018/19 final dividend\n\n\n\n\n31 May 2019\n\n\nRecord date for 2018/19 final dividend\n\n\n\n\n6 June 2019\n\n\nScrip reference price announced\n\n\n\n\n17 July 2019 \n\n\nScrip election date (5pm London time)\n\n\n\n\n29 July 2019\n\n\n2019 AGM\n\n\n\n\n14 August 2019\n\n\n2018/19 final dividend paid to qualifying shareholders\n\n\n\n\n\n\n\n\n \n\n\n \n\n\n\n\n \n\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 2018/19 final dividend. This fee does not apply to ADRs received through the scrip dividend.\n \nContact: \n \nCeri James, Assistant Company Secretary &n...