National Grid plc Announces Scrip Dividend Offering
Ticker: NMPWP · Form: 6-K · Filed: Jan 13, 2025 · CIK: 1004315
Sentiment: neutral
Topics: dividend, scrip-dividend, filing
TL;DR
National Grid offering stock instead of cash dividend - shareholders can get more shares.
AI Summary
National Grid plc announced on January 13, 2025, its intention to offer a scrip dividend, allowing shareholders to receive new ordinary shares instead of cash. This is a routine filing for the company, which is incorporated in England and Wales and headquartered in London.
Why It Matters
This allows National Grid to retain cash for operational needs or investments while providing shareholders with an opportunity to increase their stake in the company.
Risk Assessment
Risk Level: low — This is a standard financial announcement regarding dividend options and does not indicate any new or unusual risks for the company.
Key Players & Entities
- NATIONAL GRID PLC (company) — Filer and subject of the report
- 13 January 2025 (date) — Date of the filing
- England and Wales (jurisdiction) — Jurisdiction of incorporation
- London, United Kingdom (location) — Address of principal executive office
FAQ
What is the purpose of this Form 6-K filing?
This Form 6-K filing is a report of a foreign private issuer pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934, providing information to the SEC.
What is National Grid plc's primary business?
National Grid plc is primarily involved in natural gas transmission, as indicated by its Standard Industrial Classification code [4922].
When is National Grid plc's fiscal year end?
National Grid plc's fiscal year ends on March 31 (0331).
Has National Grid plc undergone name changes in the past?
Yes, National Grid plc was formerly known as National Grid Transco PLC (name change date 20021121), National Grid Group PLC (name change date 19991007), and National Grid Holding PLC (name change date 19991007).
What is the filing date and period of report for this document?
The filing date and the conformed period of report for this document is January 13, 2025.
Filing Stats: 540 words · 2 min read · ~2 pages · Grade level 14.3 · Accepted 2025-01-13 07:11:27
Key Financial Figures
- $61 — hares) are to be issued at a price of US$61.9430, representing 419,295 ordinary sha
Filing Documents
- a0755t.htm (6-K) — 24KB
- 0001654954-25-000246.txt ( ) — 25KB
From the Filing
GRID PLC SCRIP DIVIDEND a0755t       UNITED STATES   SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549   ____________________________________________________________   FORM 6-K ____________________________________________________________    REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934   Date: 13 January 2025   Commission File Number: 001-14958 ____________________________________________________________    NATIONAL GRID plc   (Translation of registrant’s name into English)   England and Wales   (Jurisdiction of Incorporation)  ____________________________________________________________    1-3 Strand, London, WC2N 5EH, United Kingdom (Address of principal executive office) ____________________________________________________________      Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.   ☒   Form 20-F       ☐   Form 40-F   Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):   ☐   Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):   ☐   Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3- 2(b) under the Securities Exchange Act of 1934.   ☐   Yes     ☒   No   If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a                       EXHIBIT INDEX   Exhibit No. Description 99.1 Exhibit 99.1 Announcement sent to the London Stock Exchange on 13 January 2025   — National Grid plc Scrip Dividend   Exhibit 99.1     13 January 2025   National Grid plc ('National Grid' or 'Company')   National Grid plc Scrip Dividend   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 6,006,065 ordinary shares to be admitted to trading, in relation to the operation of the Scrip Dividend Scheme for the 2024/25 interim dividend, payable on 14 January 2025.  Dealings are expected to commence on 14 January 2025 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 Scheme, 5,586,770 ordinary shares are to be issued at a price of 984.16 pence per share.  In accordance with the terms of the scrip dividend for US holders of American Depositary Receipts ('ADRs'), 83,859 ADRs (each representing five ordinary shares) are to be issued at a price of US$61.9430, representing 419,295 ordinary shares (including fractional entitlements).    The current terms and conditions of the Scrip Dividend Scheme are available in the Investors section on the Company's  website  and from Equiniti on 0800 169 7775 or  help.shareview.co.uk .      Julian Baddeley Group Company Secretary         SIGNATURE   Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.         NATIONAL GRID plc           By:   Beth Melges       Beth Melges Head of Plc Governance         Date: 13 January 2025