National Grid updates share capital and voting rights

National Grid plc reports updated share capital and voting rights after issuing 50,862,899 ordinary shares under its Scrip Dividend Scheme for the 2025/26 final dividend.

Accepted by SEC EDGAR 07/23/2026 - 07:41 AM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

National Grid plc reports updated share capital and voting rights after issuing 50,862,899 ordinary shares under its Scrip Dividend Scheme for the 2025/26 final dividend.

Following this issuance, registered capital consists of 5,249,831,589 ordinary shares, including 223,039,126 treasury shares and 5,026,792,463 shares with voting rights. Shareholders may use 5,026,792,463 as the denominator when calculating whether they must notify interests in National Grid under the Financial Conduct Authority's Disclosure and Transparency Rules.

Key Figures

New shares issued: 50,862,899 ordinary shares Total ordinary share capital: 5,249,831,589 ordinary shares Treasury shares: 223,039,126 shares +2 more

5 metrics

New shares issued 50,862,899 ordinary shares Issued under the Scrip Dividend Scheme for the 2025/26 final dividend

Total ordinary share capital 5,249,831,589 ordinary shares Registered capital after the scrip issuance

Treasury shares 223,039,126 shares Held as treasury shares within the registered capital

Shares with voting rights 5,026,792,463 shares Denominator for FCA Disclosure and Transparency Rules notifications

Announcement date 23 July 2026 Date of the voting rights and capital update

Key Terms

Scrip Dividend Scheme, treasury shares, voting rights, Disclosure and Transparency Rules

4 terms

Scrip Dividend Scheme financial

"in relation to the operation of the Scrip Dividend Scheme for the 2025/26 final dividend"

treasury shares financial

"of which 223,039,126 shares are held as treasury shares; leaving a balance"

Treasury shares are a company’s own stock that it has repurchased and keeps on its books instead of canceling or leaving in the hands of outside investors. Think of them like coupons a business puts back in a drawer: they don’t vote or receive dividends while held, but they can be reissued later for employee pay or fundraising. For investors this matters because buybacks change the number of shares that count toward earnings and ownership, can boost per‑share metrics, and use corporate cash that might otherwise go to growth or dividends.

voting rights financial

"leaving a balance of 5,026,792,463 shares with voting rights"

Voting rights are the ability of shareholders to have a say in important company decisions, like choosing leaders or approving big changes. They matter because they give owners a voice in how the company is run, similar to how voters influence elections, ensuring the company acts in shareholders’ interests.

Disclosure and Transparency Rules regulatory

"determine if they are required to notify their interest under the Financial Conduct Authority's Disclosure and Transparency Rules"

Rules that require companies to provide accurate, timely and complete information about their finances, operations, risks and governance to regulators, investors and the public. They matter to investors because consistent, clear reporting is like a reliable scoreboard: it makes it easier to compare companies, spot problems early, reduce surprises and fraud, and form better expectations about future performance and value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What change to National Grid (NGG) share capital is disclosed?

National Grid issued 50,862,899 ordinary shares under its Scrip Dividend Scheme for the 2025/26 final dividend, increasing total registered ordinary share capital to 5,249,831,589 shares.

How many National Grid (NGG) shares now carry voting rights?

After the latest issuance, National Grid has 5,026,792,463 shares with voting rights. This excludes 223,039,126 treasury shares, which are part of the registered capital but do not carry voting rights.

Why did National Grid (NGG) issue 50,862,899 new shares?

The company issued 50,862,899 ordinary shares in connection with operating its Scrip Dividend Scheme for the 2025/26 final dividend, allowing shareholders to take shares instead of a cash dividend.

What is the total number of National Grid (NGG) ordinary shares in issue?

National Grid’s registered capital now comprises 5,249,831,589 ordinary shares, of which 223,039,126 are held as treasury shares and the remainder carry voting rights.

How should NGG shareholders use the new voting-rights figure?

Shareholders may use 5,026,792,463 as the denominator to determine whether they must notify their interest, or changes in interest, under the FCA Disclosure and Transparency Rules.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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: 23 July 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 23 July 2026 — Total Voting Rights

Exhibit 99.1

23 July 2026

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

Voting Rights and Capital Update

National Grid confirms that, following the issue of 50,862,899 ordinary shares earlier today in relation to the operation of the Scrip Dividend Scheme for the 2025/26 final dividend, National Grid's registered capital consists of 5,249,831,589 ordinary shares, of which 223,039,126 shares are held as treasury shares; leaving a balance of 5,026,792,463 shares with voting rights.  

The figure of 5,026,792,463 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, National Grid under the Financial Conduct Authority's Disclosure and Transparency Rules.   

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: 23 July 2026