Business
Scrip Dividend for 2019/20 Final Dividend
Scrip Dividend for 2019/20 Final Dividend.
About this update from National Grid Plc
[{"type":"text","content":"\n \n \n RNS Number : 5604S\n National Grid PLC\n 09 July 2020\n \n \n \n \n \n \n \n 9 July 2020\n \n \n \n \n \n \n National Grid plc\n \n \n (\n \n \n '\n \n \n National Grid\n \n \n '\n \n \n or \n \n \n '\n \n \n Company\n \n \n '\n \n \n )\n \n \n \n \n \n \n Scrip Dividend for 2019/20 Final Dividend\n \n \n \n \n \n The 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 3 July 2020, the dividend record date. A timetable is provided below.\n \n \n \n \n \n For ordinary shareholders, the scrip dividend reference price for the 2019/20 final dividend is 914.16 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 \n \n \n \n \n For American Depositary Receipt (ADR) holders, the scrip ADR reference price for the 2019/20 final dividend is US$57.2218. This is calculated by multiplying the scrip dividend reference price above by five (as there are five ordinary shares underlying each ADR) and by the average US$ rate for the equivalent dates. \n \n \n \n \n \n The current terms and conditions of the scrip dividend scheme are available on the Company's website at \n \n \n www.nationalgrid.com\n \n \n in the Investors section, from Equiniti (0800 169 7775) and are also set out in full below.\n \n \n \n \n \n 2019/20 final dividend timetable:\n \n \n \n \n \n \n \n \n \n 18 June 2020\n \n \n \n \n \n \n \n 2019/20 full year results and final dividend amount declared - 32.00 pence per ordinary share; $2.0126 per ADR*\n \n \n \n \n \n \n 1 July 2020\n \n \n \n \n ADR's go ex-dividend for 2019/20 final dividend\n \n \n \n \n \n \n 2 July 2020\n \n \n \n \n Ordinary shares go ex-dividend for 2019/20 final dividend\n \n \n \n \n \n \n 3 July 2020\n \n \n \n \n Record date for 2019/20 final dividend\n \n \n \n \n \n \n 9 July 2020\n \n \n \n \n Scrip reference price announced\n \n \n \n \n \n \n 22 July 2020 \n \n \n \n \n Scrip election date (5pm London time)\n \n \n \n \n \n \n 27 July 2020\n \n \n \n \n 2020 AGM\n \n \n \n \n \n \n 19 August 2020\n \n \n \n \n 2019/20 final divid...