5 Jun 2023 15:16
5 June 2023
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National Grid plc ('National Grid' or 'Company')
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Notification of Major Interest in National Grid Ordinary Shares
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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.
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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)
Â
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
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The number and % of voting rights held
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The date until which the voting rights will be held
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11. Additional Information
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12. Date of Completion
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13. Place Of Completion
United Kingdom
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This notice is in compliance with National Grid's obligations under the Disclosure and Transparency Rules.Â
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Pritti Patel Â
General Counsel, Corporate and Deputy Company Secretary Â
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