Holding(s) in Company

National Grid PLC
12 June 2024
 

12 June 2024

 

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 JPMorgan Chase & Co. 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

3. Details of person subject to the notification obligation

Name

JPMorgan Chase & Co.

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

J.P. Morgan Securities plc



5. Date on which the threshold was crossed or reached

07-Jun-2024

6. Date on which Issuer notified

11-Jun-2024

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

4.885012

0.170737

5.055749

188151767

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


181797644


4.885012

Sub Total 8.A

181797644

4.885012%

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

Depository Receipt



2520315

0.067722

Sub Total 8.B1


2520315

0.067722%

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

Cash-settled Equity Swap

16/10/2024

16/10/2024

Cash

58000

0.001558

Cash-settled Equity Swap

28/11/2024

28/11/2024

Cash

3017

0.000081

Cash-settled Equity Swap

29/11/2024

29/11/2024

Cash

21489

0.000577

Cash-settled Equity Swap

15/01/2025

15/01/2025

Cash

1107

0.000030

Cash-settled Equity Swap

16/01/2025

16/01/2025

Cash

39633

0.001065

Cash-settled Equity Swap

02/05/2025

02/05/2025

Cash

541265

0.014544

Cash-settled Equity Swap

08/05/2025

08/05/2025

Cash

4298

0.000115

Cash-settled Equity Swap

28/05/2025

28/05/2025

Cash

4763

0.000128

Cash-settled Equity Swap

29/05/2025

29/05/2025

Cash

909

0.000024

Cash-settled Equity Swap

30/05/2025

30/05/2025

Cash

71453

0.001920

Cash-settled Equity Swap

31/05/2025

31/05/2025

Cash

3089

0.000083

Cash-settled Equity Swap

03/06/2025

03/06/2025

Cash

2363

0.000063

Cash-settled Equity Swap

04/06/2025

04/06/2025

Cash

14437

0.000388

Cash-settled Equity Swap

24/06/2025

24/06/2025

Cash

148661

0.003995

Cash-settled Equity Swap

26/06/2025

26/06/2025

Cash

1614155

0.043373

Cash-settled Equity Swap

30/06/2025

30/06/2025

Cash

7906

0.000212

Cash-settled Equity Swap

01/07/2025

01/07/2025

Cash

1

0.000000

Cash-settled Equity Swap

02/07/2025

02/07/2025

Cash

35807

0.000962

Cash-settled Equity Swap

09/07/2025

09/07/2025

Cash

10000

0.000269

Cash-settled Equity Swap

17/07/2025

17/07/2025

Cash

63412

0.001704

Cash-settled Equity Swap

22/07/2025

22/07/2025

Cash

12646

0.000340

Cash-settled Equity Swap

23/07/2025

23/07/2025

Cash

14690

0.000395

Cash-settled Equity Swap

16/01/2026

16/01/2026

Cash

6323

0.000170

Cash-settled Equity Swap

28/04/2026

28/04/2026

Cash

687258

0.018467

Cash-settled Equity Swap

10/06/2026

10/06/2026

Cash

242

0.000007

Cash-settled Equity Swap

24/07/2026

24/07/2026

Cash

37190

0.000999

Cash-settled Equity Swap

09/10/2026

09/10/2026

Cash

89921

0.002416

Cash-settled Equity Swap

30/05/2028

30/05/2028

Cash

2696

0.000072

Cash-settled Equity Swap

04/12/2028

04/12/2028

Cash

25735

0.000692

Cash-settled Equity Swap

01/06/2029

01/06/2029

Cash

41917

0.001126

Cash-settled Futures



Cash

269425

0.007240

Sub Total 8.B2


3833808

0.103015%

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

JPMorgan Chase & Co.

J.P. Morgan Securities plc

4.791378


4.886508%

JPMorgan Chase & Co.

J.P. Morgan Securities LLC




JPMorgan Chase & Co.

J.P. Morgan SE




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

Chain of controlled undertakings:

JPMorgan Chase & Co.
JPMorgan Chase Bank, National Association (100%)
J.P. Morgan International Finance Limited (100%)
J.P. Morgan Capital Holdings Limited (100%)
J.P. Morgan Securities plc (100%)

JPMorgan Chase & Co.
JPMorgan Chase Holdings LLC (100%)
J.P. Morgan Broker-Dealer Holdings Inc. (100%)
J.P. Morgan Securities LLC (100%)

JPMorgan Chase & Co.
JPMorgan Chase Bank, National Association (100%)
J.P. Morgan International Finance Limited (100%)
J.P. Morgan SE (100%)

12. Date of Completion

11-Jun-2024

13. Place Of Completion

London, United Kingdom

 

 

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

 

Pritti Patel  

Deputy Company Secretary and General Counsel, Corporate

 

 

 

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