Holding(s) in Company

RNS Number : 8264F

National Grid PLC

23 February 2018

 

23 February 2018

National Grid plc (National Grid)

Notification of Major Interest in National Grid Ordinary Shares

National Grid has received a notification on Form TR-1 from Competrol International Investments Limited that its total interest in National Grid voting ordinary shares is as shown below.

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:			National Grid PLC
1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify): Extension of part of previously announced position. No threshold has been crossed. See Box 11 below.						X
3. Details of person subject to the notification obligationiv
Name			Competrol International Investments Limited
City and country of registered office (if applicable)			Tortola, British Virgin Islands
4. Full name of shareholder(s) (if different from 3.)v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reachedvi:			Part of existing position extended on 23 February 2018.  No threshold has been crossed.  See Box 11 below.
6. Date on which issuer notified (DD/MM/YYYY):			23/02/2018
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached	-	3.72		3.72	125,733,926
Position of previous notification (if applicable)	-	3.65		3.65

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rightsix						% of voting rights
		Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)			Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)			Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
SUBTOTAL 8. A
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument		Expiration datex	Exercise/ Conversion Periodxi				Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
			SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration datex			Exercise/ Conversion Period xi		Physical or cash settlementxii			Number of voting rights	% of voting rights
Total Return Equity Swaps	27 February 2019			-		Cash			28,875,000	0.85
	27 February 2020			-		Cash			96,858,926	2.87
						SUBTOTAL 8.B.2			125,733,926	3.72

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)				X
Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Olayan Investments Company Establishment	-	3.72	3.72
Competrol Establishment	-	3.72	3.72

10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional informationxvi
This notification is merely as a result of the extension of part of the existing position to 27 February 2019.  There has been no change to the aggregate number of shares referable to the aggregate position (other than as a result of the share consolidation effected in May 2017) and no threshold has been crossed. The change in the % of voting rights in Box 7 is as a result of the change to the total number of voting rights.

Place of completion	London, UK
Date of completion	23 February 2018

This notice is in compliance with National Grid's obligations under the Disclosure and Transparency Rules.

Zoë Burnell

Company Secretarial Assistant

0207 004 3227

 

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