National Grid (NYSE: NGG) issues 50.9m shares for 2025/26 scrip dividend
Rhea-AI Filing Summary
National Grid plc plans to issue 50,862,899 ordinary shares under its Scrip Dividend Scheme for the 2025/26 final dividend, payable on 23 July 2026.
Of these, 49,766,614 ordinary shares will be issued at 1,197.70 pence per share, with dealings expected to commence on 23 July 2026 and the shares ranking pari passu with existing ordinary shares. For US holders of American Depositary Receipts, 219,257 ADRs, each representing five ordinary shares, will be issued at US$80.5453, corresponding to 1,096,285 ordinary shares including fractional entitlements.
Positive
- None.
Negative
- None.
Filing Explained
As of
Key Figures
Ordinary shares to be admitted: 50,862,899 ordinary shares
Ordinary shares under Scrip Dividend Scheme: 49,766,614 ordinary shares
Scrip issue price per ordinary share: 1,197.70 pence per share
+4 more
7 metrics
Ordinary shares to be admitted
50,862,899 ordinary shares
Application for admission to the Official List and to trading for the 2025/26 final dividend scrip.
Ordinary shares under Scrip Dividend Scheme
49,766,614 ordinary shares
Shares to be issued under the Scrip Dividend Scheme at a stated price per share.
Scrip issue price per ordinary share
1,197.70 pence per share
Issue price for 49,766,614 ordinary shares under the Scrip Dividend Scheme.
ADRs to be issued
219,257 ADRs
American Depositary Receipts for US holders, each representing five ordinary shares.
ADR scrip price
US$80.5453 per ADR
Issue price applied to 219,257 ADRs in the US scrip dividend.
Ordinary shares represented by ADRs
1,096,285 ordinary shares
Total ordinary shares represented by 219,257 ADRs, including fractional entitlements.
Dividend payment and dealing date
23 July 2026
Date the 2025/26 final dividend is payable and dealings in the new shares are expected to commence.
Key Terms
Scrip Dividend Scheme, pari passu, American Depositary Receipts, Official List
4 terms
Scrip Dividend Scheme financial
"in relation to the operation of the Scrip Dividend Scheme for the 2025/26 final dividend"
pari passu financial
"the shares will rank pari passu with the existing issued ordinary shares of the Company"
An instruction that different claims, securities, or creditors are treated equally and share rights or payments on the same priority level. For investors, it means their position will be paid or have voting power alongside others in the same class rather than being favored or subordinated—think of several people standing in one bus line who all get on together rather than some cutting ahead. That parity affects expected recovery in reorganizations, dividend order, and relative risk.
American Depositary Receipts financial
"for US holders of American Depositary Receipts ('ADRs'), 219,257 ADRs"
A certificate traded on U.S. markets that represents ownership of shares in a foreign company, letting U.S. investors buy and sell that company as if it were listed domestically. Think of it as a local voucher for a foreign product: it makes price quotes in dollars, trades on familiar exchanges, and brings differences in liquidity, fees and legal protections that can affect returns and risk compared with buying the underlying foreign shares directly.
Official List regulatory
"an application has been made to the Financial Conduct Authority for ordinary shares to be admitted to the Official List"
An official list is the stock exchange’s published roster of companies and securities that have met the exchange’s rules and are approved for listing and public trading. For investors it signals that a company must follow specific disclosure, reporting and governance standards, which helps with transparency, potential liquidity and legal protections — like seeing a product on a store’s certified shelf rather than an unregulated market stall.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did National Grid (NGG) announce about its 2025/26 scrip dividend?
National Grid announced it will issue 50,862,899 ordinary shares under its Scrip Dividend Scheme for the 2025/26 final dividend, payable on 23 July 2026, with the new shares expected to begin trading on the same date and rank pari passu with existing shares.
What are the terms for US holders of National Grid (NGG) ADRs in the scrip dividend?
US holders will receive 219,257 American Depositary Receipts, each representing five ordinary shares, issued at US$80.5453 per ADR. These ADRs correspond to 1,096,285 ordinary shares, including fractional entitlements, under the scrip dividend for the 2025/26 final dividend.
Where can investors find the terms of National Grid (NGG)'s Scrip Dividend Scheme?
The current terms and conditions of National Grid’s Scrip Dividend Scheme are available in the Investors section of the Company’s website and from Equiniti via phone on 0800 169 7775 or online at help.shareview.co.uk for further shareholder support.