TIDMNG.

RNS Number : 2640V

National Grid PLC

30 November 2023

30 November 2023

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

Scrip Dividend for 2023/24 Interim Dividend

National Grid today announces the scrip dividend reference price for the 2023/24 interim dividend. A timetable is provided below.

For ordinary shareholders, the scrip dividend reference price for the 2023/24 interim dividend is 1,015.60 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 2023/24 interim dividend is US$64.1402. This is calculated by multiplying the scrip dividend reference price above by five (as there are five ordinary shares underlying each ADR) and by the average US$ 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 23 / 24 interim dividend timetable:

 
 
 9 November 2023            2023/24 half year results and interim 
                             dividend amount declared - 19.40 
                             pence per ordinary share; $1.1899 
                             per ADR* 
 22 November 2023           ADRs go ex-dividend 
  23 November 2023           Ordinary shares go ex-dividend 
 24 November 2023           Record date for the 2023/24 interim 
                             dividend 
 30 November 2023           Scrip reference price announced 
 5 December 2023 (by 12pm   Scrip election date for 2023/24 interim 
  EST)                       dividend - ADRs 
 11 December 2023 (by 5pm   Scrip election date for 2023/24 interim 
  GMT)                       dividend - Ordinary shares 
 11 January 2024            2023/24 interim dividend paid to 
                             qualifying shareholders

* The figure shown is gross of a $0.01 per ADR interim dividend fee which will be applied to cash distributions made to ADR holders in relation to the 2023/24 interim dividend. This fee does not apply to ADRs received through the scrip dividend.

Pritti Patel

Deputy Company Secretary & General Counsel, Corporate

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END

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(END) Dow Jones Newswires

November 30, 2023 10:00 ET (15:00 GMT)

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