Share Consolidation

National Grid Share Consolidation – Who Are They Fooling?

Shareholders in National Grid (NG.) will have received a notice of a General Meeting to approve a share consolidation (at least that's those of you on the register of the company, others in nominee accounts may be surprised later by the change in their holding). This proposal is linked to the return of cash to shareholders following the sale of the company's interest in a gas distribution business. There will be a large "special" dividend as a result - more on the ...