National Grid PLC Scrip Dividend for 2020/21 Final Dividend (5188B)

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RNS Number : 5188B

National Grid PLC

10 June 2021

10 June 2021

National Grid plc ( ' National Grid ' or ' Company ' )

Scrip Dividend for 2020/21 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 4 June 2021, the dividend record date. A timetable is provided below.

For ordinary shareholders, the scrip dividend reference price for the 2020/21 final dividend is 915.86 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 2020/21 final dividend is US$64.7696. This is calculated by multiplying the scrip dividend reference price above by five (as there are five ordinary shares underlying each ADR) and by the average US$ rate for the equivalent dates.

The current terms and conditions of the scrip dividend scheme are available in the Investors section on the Company's website and from Equiniti (0800 169 7775).

   20 20 / 21   final dividend timetable: 
 
 
 20 May 2021      2020/21 full year results and final dividend 
                   amount announced - 32.16 pence per ordinary 
                   share; US$2.2812 per ADR* 
 3 June 2021      Ordinary shares and ADRs go ex-dividend 
                   for 2020/21 final dividend 
 4 June 2021      Record date for 2020/21 final dividend 
 10 June 2021     Scrip reference price announced 
 21 July 2021     Scrip election date for 2020/21 final 
                   dividend (5pm London time) 
 18 August 2021   2020/21 final dividend paid to qualifying 
                   shareholders 
 
 

* The figure shown is gross of a $0.02 per ADR interim dividend fee which will be applied to cash distributions made to ADR holders in relation to the 2020/21 final dividend. This fee does not apply to ADRs received through the scrip dividend.

Megan Barnes

Head of Company Secretariat

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June 10, 2021 08:00 ET (12:00 GMT)