Business Context and Reporting Period
This Form 6-K filing by National Grid plc, dated November 30, 2023, serves as a report of a foreign private issuer. The document specifically addresses the announcement of the scrip dividend reference price for the 2023/24 interim dividend.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial values disclosed relate to the dividend program:
- Interim Dividend Amount: 19.40 pence per ordinary share; $1.1899 per ADR (gross of a $0.01 fee for cash distributions).
- Scrip Dividend Reference Price (Ordinary Shares): 1,015.60 pence.
- Scrip Dividend Reference Price (ADRs): US$64.1402.
Material Changes
The filing does not contain comparative financial data or discuss material changes in operating results versus prior periods. It solely reports the calculation of the scrip reference price based on the average closing mid-market price for the five dealing days commencing with the ex-dividend date.
Guidance, Outlook, and Unusual Items
There is no management commentary, forward-looking guidance, or discussion of risks and contingencies in this specific filing. The document outlines the administrative timetable for the 2023/24 interim dividend, including:
- Ex-Dividend Dates: November 22, 2023 (ADRs) and November 23, 2023 (Ordinary shares).
- Record Date: November 24, 2023.
- Scrip Election Deadlines: December 5, 2023 (ADRs) and December 11, 2023 (Ordinary shares).
- Payment Date: January 11, 2024.
Investor Verification Checklist
- Verify the scrip dividend reference price of 1,015.60 pence against market data for the five-day period starting November 23, 2023.
- Confirm the $0.01 interim dividend fee applies only to cash distributions for ADR holders, not to shares received via the scrip option.
- Check the specific election deadlines (December 5 for ADRs, December 11 for ordinary shares) to ensure timely participation in the scrip scheme.
- Review the full 2023/24 half-year results announcement from November 9, 2023, for underlying financial performance metrics not included in this filing.