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LONDON - National Grid (LON:NG) plc announced on Wednesday that it has applied to the Financial Conduct Authority and London Stock Exchange (LON:LSEG) for the admission of 59,266,294 ordinary shares to trading in connection with its Scrip Dividend Scheme for the 2024/25 final dividend.
The shares are expected to begin trading on Thursday, July 17, 2025, the same day the dividend is payable. According to the company’s statement, the new shares will have equal ranking with existing ordinary shares.
Under the terms of the Scrip Dividend Scheme, National Grid will issue 58,457,054 ordinary shares at a price of 1,040.40 pence per share. For U.S. holders of American Depositary Receipts (ADRs), the company will issue 161,848 ADRs at a price of US$70.3102 per ADR, with each ADR representing five ordinary shares.
This issuance for U.S. ADR holders represents 809,240 ordinary shares, including fractional entitlements.
The Scrip Dividend Scheme allows shareholders to receive additional shares instead of cash dividends. Information about the current terms and conditions of the scheme is available on National Grid’s website and from Equiniti, according to the press release statement.
National Grid, a major electricity and gas utility company, operates transmission and distribution networks primarily in the UK and northeastern United States.
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