Holding(s) in Company

National Grid PLC

05 June 2023

 

5 June 2023

National Grid plc ('National Grid' or 'Company')

Notification of Major Interest in National Grid Ordinary Shares

National Grid has received a notification on Form TR-1 from Bank of America Corporation that its total interest in National Grid voting ordinary shares is as shown below.

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BDR05C01

Issuer Name

NATIONAL GRID PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights; An acquisition or disposal of financial instruments

3. Details of person subject to the notification obligation

Name

Bank of America Corporation

City of registered office (if applicable)

Country of registered office (if applicable)

US

4. Details of the shareholder

Name	City of registered office	Country of registered office
Merrill Lynch International	London	United Kingdom

5. Date on which the threshold was crossed or reached

31-May-2023

6. Date on which Issuer notified

02-Jun-2023

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 held in issuer
Resulting situation on the date on which threshold was crossed or reached	3.592377	3.274687	6.867064	252589720
Position of previous notification (if applicable)

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of shares ISIN code(if possible)	Number of direct voting rights (DTR5.1)	Number of indirect voting rights (DTR5.2.1)	% of direct voting rights (DTR5.1)	% of indirect voting rights (DTR5.2.1)
GB00BDR05C01		113909919		3.096828
US6362744095		18227657		0.495549
Sub Total 8.A	132137576		3.592377%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial instrument	Expiration date	Exercise/conversion period	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights
Right to Recall	N/A	N/A	1387794	0.037729
Physical Put Option	16/06/2023	N/A	385000	0.010467
Sub Total 8.B1			1772794	0.048196%

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument	Expiration date	Exercise/conversion period	Physical or cash settlement	Number of voting rights	% of voting rights
Swaps	13/06/2023	N/A	Cash	135108	0.003673
Swaps	10/07/2023	N/A	Cash	26381	0.000717
Swaps	17/07/2023	N/A	Cash	32231	0.000876
Swaps	29/09/2023	N/A	Cash	24992	0.000679
Swaps	30/11/2023	N/A	Cash	38822	0.001055
Swaps	15/02/2024	N/A	Cash	49988	0.001359
Swaps	01/03/2024	N/A	Cash	5733554	0.155876
Swaps	17/04/2024	N/A	Cash	250000	0.006797
Swaps	17/05/2024	N/A	Cash	3729	0.000101
Swaps	31/05/2024	N/A	Cash	63001707	1.712805
Swaps	24/06/2024	N/A	Cash	17684	0.000481
Swaps	25/06/2024	N/A	Cash	1675	0.000046
Swaps	26/06/2024	N/A	Cash	1170	0.000032
Swaps	31/07/2024	N/A	Cash	3475622	0.094490
Swaps	08/08/2024	N/A	Cash	143171	0.003892
Swaps	30/08/2024	N/A	Cash	116170	0.003158
Swaps	18/11/2024	N/A	Cash	2015331	0.054790
Swaps	22/11/2024	N/A	Cash	11500000	0.312646
Swaps	25/11/2024	N/A	Cash	24000000	0.652479
Swaps	29/11/2024	N/A	Cash	2878967	0.078269
Swaps	12/12/2024	N/A	Cash	11280	0.000307
Swaps	25/02/2025	N/A	Cash	754189	0.020504
Swaps	02/05/2025	N/A	Cash	1150	0.000031
Swaps	06/05/2025	N/A	Cash	198216	0.005389
Swaps	16/03/2026	N/A	Cash	1566829	0.042597
Swaps	18/03/2026	N/A	Cash	56823	0.001545
Swaps	26/05/2026	N/A	Cash	1006898	0.027374
Swaps	15/09/2027	N/A	Cash	5247	0.000143
Swaps	15/12/2027	N/A	Cash	470	0.000013
Swaps	15/02/2028	N/A	Cash	238946	0.006496
Equity Options	15/12/2023	N/A	Cash	650000	0.017671
Equity Options	21/07/2023	N/A	Cash	743000	0.020200
Sub Total 8.B2				118679350	3.226491%

9. Information in relation to the person subject to the notification obligation

2. 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 entities (please add additional rows as necessary)

Ultimate controlling person	Name of controlled undertaking	% 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
Bank of America Corporation	Bank of America, NA
Bank of America Corporation	BofA Securities, Inc.
Bank of America Corporation	BofA Securities Europe, SA
Bank of America Corporation	Managed Account Advisors, LLC
Bank of America Corporation	Merrill Lynch International	3.072269	3.104430	6.176700%
Bank of America Corporation	Merrill Lynch, Pierce, Fenner & Smith Inc.
Bank of America Corporation	U.S. Trust Co of Delaware

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

12. Date of Completion

13. Place Of Completion

United Kingdom

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

Pritti Patel  

General Counsel, Corporate and Deputy Company Secretary  

 

END