Holding(s) in Company

RNS Number : 7944X
National Grid PLC
24 February 2017
 

24 February 2017

 

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.

 

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii

National Grid plc

 

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights


An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached


An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments


An event changing the breakdown of voting rights


Other (please specify):

Extension of previously announced position.  See Box 13 below.  No threshold has been crossed.

X

 

3. Full name of person(s) subject to the notification obligation: iii

Competrol International Investments Limited

4. Full name of shareholder(s)

(if different from 3.): iv


5. Date of the transaction and date on which the threshold is crossed or reached: v

Existing position extended on 23 February 2017.  See Box 13 below.  No threshold was crossed.

6. Date on which issuer notified:

23 February 2017

7. Threshold(s) that is/are crossed or

reached: vi, vii


 

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of
shares


if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect









 

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date
xiii

Exercise/
Conversion
Period
xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

 

% of voting
rights






 

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise
price

Expiration
date
xvii

Exercise/
Conversion
period
xviii

Number of voting
rights instrument
refers to

% of voting rights xix, xx

 

Total Return Equity Swaps

-

27 February 2018

-

31,500,000

Nominal

Delta

-

0.84

-

27 February 2020

-

105,664,285

-

2.81

Total




137,164,285

-

3.65

 

Total (A+B+C)

Number of voting rights

Percentage of voting rights

137,164,285

3.65

 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
xxi


 

 

Proxy Voting:

10. Name of the proxy holder:

 N/A

11. Number of voting rights proxy holder will cease to hold:

 N/A

12. Date on which proxy holder will cease to hold voting rights:

 N/A

 


13. Additional information:

This notification is merely as a result of the extension of part of an existing position to 27 February 2018 and the extension of the remainder of the existing position to 27 February 2020.  There has been no change to the aggregate number of shares referable to the aggregate position and no threshold has been crossed.

14. Contact name:

Struan Oliver, Sidley Austin LLP

15. Contact telephone number:

020 7360 2063

 

 

 

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

 

 

 

David Whincup

Assistant Company Secretary

0207 004 3209

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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