Thursday, 9 June 2016
National Grid plc (National Grid)
Scrip Dividend for 2015/16 Final 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 3 June 2016, the dividend record date. A timetable is provided below.
For ordinary shareholders, the scrip dividend reference price for the 2015/16 final dividend is 976.08 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 2015/16 final dividend is US$70.7658. This is calculated by multiplying the scrip dividend reference price above by five (as there are five ordinary shares underlying each ADR) and by the average US$ rate for the equivalent dates.
The terms and conditions of the scrip dividend are available on the Company's website at www.nationalgrid.com in the Investors section, or from Capita Asset Services (0371 402 3344, [email protected]).
2015/16 final dividend timetable:
19 May 2016 |
2015/16 full year results and final dividend amount declared - 28.34 pence per ordinary share; $2.0445 per ADR* |
1 June 2016 |
ADRs go ex-dividend |
2 June 2016 |
Ordinary shares go ex-dividend |
3 June 2016 |
Record date |
9 June 2016 |
Scrip dividend reference price announced |
20 June 2016 |
Scrip dividend election date |
25 July 2016 |
Annual General Meeting |
10 August 2016 |
Dividend payment date |
* 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 2015/16 final dividend. This fee does not apply to ADRs received through the scrip dividend.
Contact: D Whincup, Assistant Company Secretary
0207 004 3209
