Business Context and Reporting Period
This Form 6-K filing by National Grid plc, dated June 5, 2025, serves as a report of a foreign private issuer. The document specifically addresses the announcement of the scrip dividend reference price for the 2024/25 final dividend, following the declaration of full-year results on May 15, 2025.
Key Financial Metrics
The filing provides specific dividend-related metrics but does not contain comprehensive financial statements such as revenue, profit, cash flow, or debt levels.
- 2024/25 Final Dividend Amount: 30.88 pence per ordinary share; $2.0545 per ADR (gross of a $0.02 fee for cash distributions).
- Scrip Dividend Reference Price (Ordinary Shares): 1,040.40 pence.
- Scrip ADR Reference Price: US$70.3102.
- Calculation Methodology: Based on the average closing mid-market price for the five dealing days commencing with the ex-dividend date.
Material Changes
The filing does not provide comparative financial data against prior periods to identify material changes in revenue, margins, or liquidity. The primary update is the establishment of the scrip reference price for the current dividend cycle.
Guidance, Outlook, and Timetable
Management has outlined a specific timetable for the 2024/25 final dividend distribution:
- May 15, 2025: Full year results and final dividend declared.
- May 29, 2025: Ex-dividend date for ordinary shares.
- May 30, 2025: Ex-dividend date for ADRs and Record date.
- June 5, 2025: Scrip reference price announced.
- June 16, 2025 (by 5pm EDT): Scrip election deadline for ADRs.
- June 19, 2025 (by 5pm BST): Scrip election deadline for ordinary shares.
- July 17, 2025: Final dividend paid to qualifying shareholders.
Unusual Items: A $0.02 per ADR final dividend fee applies to cash distributions but does not apply to ADRs received through the scrip dividend scheme.
Investor Verification Checklist
- Verify the scrip election deadlines (June 16 for ADRs, June 19 for ordinary shares) to ensure eligibility for the dividend.
- Confirm the distinction between the cash dividend fee ($0.02 per ADR) and the fee-free nature of the scrip dividend option.
- Review the full 2024/25 annual report (declared May 15, 2025) for comprehensive revenue, profit, and debt metrics not included in this specific 6-K filing.
- Check the Company's investor website or contact Equiniti for the full terms and conditions of the Scrip Dividend Scheme.