REG - National Grid PLC Bank of America Corp - Holding(s) in Company
05/06/2023 15:30
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RNS Number : 6930B 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 % of voting rights
exercised/converted
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 Total of both if it equals or is higher than the notifiable threshold
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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