National Grid PLC Scrip Dividend for 2018/19 Interim Dividend (9412I)
November 29 2018 - 8:16AM
UK Regulatory
TIDMNG.
RNS Number : 9412I
National Grid PLC
29 November 2018
Thursday, 29 November 2018
National Grid plc (the "Company")
Scrip Dividend for 2018/19 Interim Dividend
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
23 November 2018, the dividend record date. A timetable is provided
below.
For ordinary shareholders, the scrip dividend reference price
for the 2018/19 interim dividend is 829.86 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.
For American Depositary Receipt (ADR) holders, the scrip ADR
reference price for the 2018/19 interim dividend is US$53.1484*.
This is calculated by multiplying the scrip dividend reference
price above by five (as there are five ordinary shares underlying
each ADR) and by the average US$ rate for the equivalent dates.
The 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 (0371 402 3344,
nationalgrid@linkgroup.co.uk) and are also set out in full in the
announcement released by the Company on 7 June 2018, which is
available on the National Storage Mechanism.
2018/19 final dividend timetable:
8 November 2018 2018/19 half year results
21 November 2018 ADRs go ex-dividend for 2018/19 interim
dividend
============================================
22 November 2018 Ordinary shares go ex-dividend
============================================
23 November 2018 Record date for 2018/19 interim dividend
============================================
29 November 2018 Scrip reference price announced
============================================
7 December 2018 Scrip Election Date for 2018/19 interim
dividend
(5pm London time)
============================================
9 January 2019 2018/19 interim dividend paid to qualifying
shareholders
============================================
* 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 2018/19 interim dividend. This fee does not apply
to ADRs received through the scrip dividend.
Contact:
Ceri James, Assistant Company Secretary 0207 004 3116
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 rns@lseg.com or visit www.rns.com.
END
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