Holding(s) in Company

Released : 05 Jun 2023 15:16

RNS Number : 6930BNational Grid PLC05 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

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