National Grid PLC has applied for 59,266,294 ordinary shares to be listed on the London Stock Exchange as part of its Scrip Dividend Scheme, with shares priced at 1,040.40 pence each, effective from 17 July 2025. For US ADR holders, 161,848 ADRs will be issued at US$70.3102 each, equating to 809,240 shares.