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On August 16, 2022, National Grid plc applied to the Financial Conduct Authority and London Stock Exchange for the admission to the Official List and trading of 10,284,667 ordinary shares, with dealings expected to commence on August 17, 2022. These shares are being issued under the 2021/22 final dividend Scrip Dividend Scheme, comprising 9,739,267 ordinary shares at 1,106.80 pence per share and 109,080 American Depositary Receipts (representing 545,400 ordinary shares) to US holders at US$69.3576.
| Date | 16 Aug 2022 |
| Time | 09:00:06 |
| Category | Capital structure |
| ID | 0849W |
16 August 2022
National Grid plc ('National Grid' or 'Company')
National Grid plc Scrip Dividend
National Grid confirms that an application has been made to the Financial Conduct Authority for ordinary shares to be admitted to the Official List, and to the London Stock Exchange for 10,284,667 ordinary shares to be admitted to trading, in relation to the operation of the Scrip Dividend Scheme for the 2021/22 final dividend, payable on 17 August 2022. Dealings are expected to commence on 17 August 2022 and the shares will rank pari passu with the existing issued ordinary shares of the Company.
In accordance with the terms of the scrip dividend, 9,739,267 ordinary shares are to be issued at a price of 1,106.80 pence per share. In accordance with the terms of the scrip dividend for US holders of American Depositary Receipts ('ADRs'), 109,080 ADRs (each representing 5 ordinary shares) are to be issued at a price of US$69.3576, representing 545,400 ordinary shares (including fractional entitlements).
The current terms and conditions of the scrip dividend scheme are available in the Investors section on the Company's website and from Equiniti on 0800 169 7775 or help.shareview.co.uk.
Megan Barnes
Head of Company Secretariat