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National Grid Plc

National Grid Plc
Consolidation & Special Dividend:

Important Information

This webpage is in relation to the proposed consolidation & special dividend by National Grid Plc.

Overview

National Grid Plc (NG) is proposing to return approximately £3.2bn to shareholders by way of a special dividend, and to consolidate its ordinary shares on the basis of 11 new post-consolidated ordinary shares in exchange for every 12 existing ordinary shares.

For further information, please see our FAQs in the downloads section.

What will shareholders of NG receive?

If you hold your NG ordinary shares on the consolidation effective date (22nd May 2017) your holding will be reduced and you will receive 11 new post-consolidated ordinary shares in exchange for every 12 existing ordinary shares held.

Example of how the consolidation and special dividend will affect investors holding ordinary shares

Existing HoldingSpecial Dividend DuePost-consolidated holding
100£84.3891
250£210.94229
500£421.88458
750£632.81687
1000£843.75916
2500£2,109.382291
5000£4,218.754583
10000£8437.509166

Expected timetable

You can still buy/sell the existing NG ordinary shares until:4:30pm 19th May 2017
Consolidation due to become effective:22nd May 2017
New post-consolidated ordinary shares credited to your Redmayne-Bentley account:23rd May 2017
New certificates issued if you hold your NG shares in certified form:1st June 2017
Special dividend will be paid to your Redmayne-Bentley account:2nd June 2017

If you have any questions that are not fully answered here, or in the FAQs, then please speak to your usual Redmayne-Bentley branch or account executive for more details.

Please note these timings may change.

Info Point

The information provided in this webpage has been based on information provided to us by reputable market sources and our interpretation of the offer documents. Every effort has been taken to ensure the accuracy of this information but we cannot guarantee that this information is correct. This webpage should not be relied upon on its own and should be read in conjunction with the information published by National Grid Plc.

Download

See our FAQs for further details.

National Grid FAQs

Contact us

if you have any further questions, please contact your usual Redmayne-Bentley branch.