National Grid (NGG) outlines new shares for 2025/26 interim scrip dividend

Rhea-AI Filing Summary

National Grid plc is issuing new shares under its Scrip Dividend Scheme for the 2025/26 interim dividend. The company has applied to the UK Financial Conduct Authority to admit ordinary shares to the Official List and to the London Stock Exchange to admit 7,084,688 ordinary shares to trading. Dealings in these shares are expected to start on 13 January 2026, the date the interim dividend is payable, and the new shares will rank equally with existing ordinary shares.

Under the scheme, 6,613,638 ordinary shares will be issued at 1,130.40 pence per share. For US holders of American Depositary Receipts, 94,210 ADRs, representing 471,050 ordinary shares including fractional entitlements, will be issued at US$74.2334 per ADR. The filing also points investors to the current Scrip Dividend Scheme terms on the company’s website and via Equiniti.

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: 12 January 2026

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 12 January 2026 — National Grid plc Scrip Dividend

Exhibit 99.1

12 January 2026

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 7,084,688 ordinary shares to be admitted to trading, in relation to the operation of the Scrip Dividend Scheme for the 2025/26 interim dividend, payable on 13 January 2026.  Dealings are expected to commence on 13 January 2026 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, 6,613,638 ordinary shares are to be issued at a price of 1,130.40 pence per share. In accordance with the terms of the scrip dividend for US holders of American Depositary Receipts ('ADRs'), 94,210 ADRs (each representing five ordinary shares) are to be issued at a price of US$74.2334, representing 471,050 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: 12 January 2026

FAQ

What does National Grid (NGG) announce in this 6-K filing?

National Grid announces the issuance and admission to trading of new ordinary shares and ADRs under its Scrip Dividend Scheme for the 2025/26 interim dividend, with trading in the new shares expected to start on 13 January 2026.

How many new National Grid ordinary shares are linked to the 2025/26 scrip dividend?

The company has applied for 7,084,688 ordinary shares to be admitted to trading. Of these, 6,613,638 ordinary shares are being issued directly under the Scrip Dividend Scheme, and 471,050 ordinary shares relate to ADR issuance, including fractional entitlements.

At what prices are National Grid’s scrip dividend shares and ADRs being issued?

Ordinary shares under the Scrip Dividend Scheme are issued at 1,130.40 pence per share. For US investors, 94,210 ADRs (each representing five ordinary shares) are issued at US$74.2334 per ADR.

When will National Grid’s new scrip dividend shares start trading?

Dealings in the new ordinary shares admitted in connection with the scrip dividend are expected to commence on 13 January 2026, which is also the payment date for the 2025/26 interim dividend.

Do the new National Grid scrip shares rank equally with existing shares?

Yes. The new ordinary shares issued under the Scrip Dividend Scheme will rank pari passu with the company’s existing issued ordinary shares, meaning they carry the same rights.

Where can investors find the current terms of National Grid’s Scrip Dividend Scheme?

The filing states that the current terms and conditions of the Scrip Dividend Scheme are available in the Investors section of National Grid’s website and from Equiniti via phone on 0800 169 7775 or at help.shareview.co.uk.