National Grid confirms that an application has been made to the Financial Conduct Authority for 3,498,317 ordinary shares to be admitted to the Official List, and to the London Stock Exchange for the shares to be admitted to trading, in relation to the operation of the Scrip Dividend scheme for the 2016/17 interim dividend, payable on 11 January 2017. Dealings are expected to commence on 11 January 2017 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, 3,029,432ordinary shares are to be issued at a price of 920.92 pence per share. In accordance with the terms of the scrip dividend for US holders of American Depositary Receipts ('ADRs'), 93,777 ADRs(each representing 5 ordinary shares) are to be issued at a price of US$57.4009, representing 468,885 ordinaryshares (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, from Capita Asset Services (0371 402 3344, nationalgrid@capita.co.uk) and are also set out in full in the announcement released by the Company on 1 December 2016, which is available on the National Storage Mechanism.
Contact: David Whincup, Assistant Company Secretary (020 7004 3209)
National Grid plc published this content on 10 January 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 January 2017 09:08:03 UTC.
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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.
NATIONAL GRID PLC 
