Business Context and Reporting Period
This Form 6-K filing by National Grid plc, dated December 1, 2022, serves as a report of a foreign private issuer. The document specifically announces details regarding the optional scrip dividend scheme for the 2022/23 interim dividend. The filing does not contain a full financial report for a specific period but rather communicates corporate actions related to shareholder distributions.
Key Financial Metrics
The filing provides specific pricing metrics related to the dividend distribution but does not report aggregate revenue, profit, cash flow, margins, debt, or liquidity figures.
- Interim Dividend Amount: 17.84 pence per ordinary share; $1.0307 per ADR (gross of a $0.01 fee for cash distributions).
- Scrip Dividend Reference Price (Ordinary Shares): 1014.90 pence.
- Scrip ADR Reference Price: US$61.0513.
- Calculation Basis: Reference prices are 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 or discuss material changes in operating results versus prior periods. The primary update is the announcement of the scrip reference price and the confirmation of the dividend timetable.
Guidance, Outlook, and Risks
The document contains no management commentary on future outlook, guidance, or specific risk factors. It outlines the procedural timeline for the dividend:
- Record Date: November 25, 2022.
- Scrip Election Deadline: December 12, 2022 (5pm London time).
- Payment Date: January 11, 2023.
- Unusual Items: A $0.01 per ADR interim dividend fee applies to cash distributions but not to ADRs received through the scrip dividend.
Investor Verification Checklist
- Verify the scrip dividend reference price of 1014.90 pence against market data for the five-day period ending November 24, 2022.
- Confirm the Scrip Election Date deadline of December 12, 2022, to ensure eligibility for share issuance.
- Review the terms and conditions of the scrip dividend scheme on the company website or via Equiniti.
- Note the $0.01 fee deduction for ADR holders opting for cash dividends versus those opting for scrip.