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 27,319,042 ordinary shares to be admitted to trading, in relation to the operation of the Scrip Dividend Scheme for the 2019/20 interim dividend, payable on 15 January 2020. Dealings are expected to commence on 15 January 2020 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, 27,319,042 ordinary shares are to be issued at a price of 884.16 pence per share. In accordance with the terms of the scrip dividendfor US holders of American Depositary Receipts ('ADRs'), 158,916 ADRs(each representing 5 ordinary shares) are to be issued at a price of US$57.3510, representing 794,580 ordinary shares (including fractional entitlements).
The current terms and conditions of the Scrip Dividend Scheme are available on the Company's website at www.nationalgrid.comin the Investors section and from Equiniti (0800 169 7775), help.shareview.co.uk.
Contact: Zoë Burnell, Company Secretarial Assistant (020 7004 3227)
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.
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DIVUOOURRKUAAAR
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National Grid plc published this content on 14 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 January 2020 09:37:04 UTC
National Grid plc specializes in owning and operating electricity and gas networks. Net sales break down by activity as follows:
- transmission and distribution in the United States (54.8%): electricity transmission (owned, at the end of March 2022, of 14,212 km of overhead lines, 175 km of underground cables and 399 substations), electricity distribution (111,513 km of distribution lines and 718 substations) and gas distribution (59,153 km of gas pipelines);
- operation of electricity networks for transmission operators in the United Kingdom (18.6%);
- electricity transmission in the United Kingdom (11%): owned 7,216 km of high-voltage network, 2,551 km of underground cables and 347 substations;
- electricity and gas distribution in the United Kingdom (7.9%): electricity distribution (89,372 km of overhead lines, 137,966 km of underground cables and 189,644 transformers) and gas distribution (7,628 km of gas pipelines);
- other (7.7%): telecom and interconnection activities among the various domestic electrical networks, liquefied natural gas storage activities, etc.
Net sales are distributed geographically as follows: the United Kingdom (36.3%) and the United States (63.7%).
As at 31 March 2022, the UK Gas Transmission business was classified as held for sale.