REG - National Grid PLC Bank of America Corp - Holding(s) in Company
07/06/2023 15:30
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RNS Number : 9963B National Grid PLC 07 June 2023
7 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
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
Full name of shareholder(s) if different from the person(s) subject to the
notification obligation, above
City of registered office (if applicable)
Country of registered office (if applicable)
5. Date on which the threshold was crossed or reached
02-Jun-2023
6. Date on which Issuer notified
06-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 2.353862 3.536233 5.890095 216654059
Position of previous notification (if applicable) 2.550385 3.534363 6.084748
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 67755626 1.842048
US6362744095 18825947 0.511814
Sub Total 8.A 86581573 2.353862%
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 411118 0.011177
Physical Call Options 15/12/2023 N/A 650000 0.017671
Physical Call Options 21/07/2023 N/A 743000 0.020200
Physical Swap 15/06/2023 N/A 3068740 0.083429
Sub Total 8.B1 4872858 0.132477%
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 29/09/2023 N/A Cash 24992 0.000679
Swaps 01/03/2024 N/A Cash 2866777 0.077938
Swaps 03/06/2024 N/A Cash 3953630 0.107486
Swaps 31/07/2024 N/A Cash 1576449 0.042858
Swaps 02/05/2025 N/A Cash 526 0.000014
Swaps 06/05/2025 N/A Cash 99108 0.002694
Swaps 26/05/2026 N/A Cash 646598 0.017579
Swaps 15/02/2028 N/A Cash 9598 0.000261
Swaps 13/06/2023 N/A Cash 135108 0.003673
Swaps 10/07/2023 N/A Cash 14474 0.000393
Swaps 17/07/2023 N/A Cash 33193 0.000902
Swaps 15/02/2024 N/A Cash 16696 0.000454
Swaps 01/03/2024 N/A Cash 2866777 0.077938
Swaps 17/04/2024 N/A Cash 250000 0.006797
Swaps 31/05/2024 N/A Cash 62962253 1.711732
Swaps 03/06/2024 N/A Cash 3953630 0.107486
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 1835 0.000050
Swaps 02/07/2024 N/A Cash 47121 0.001281
Swaps 31/07/2024 N/A Cash 1748729 0.047542
Swaps 08/08/2024 N/A Cash 143171 0.003892
Swaps 30/08/2024 N/A Cash 114574 0.003115
Swaps 18/11/2024 N/A Cash 1204826 0.032755
Swaps 22/11/2024 N/A Cash 11258988 0.306094
Swaps 25/11/2024 N/A Cash 24000000 0.652479
Swaps 29/11/2024 N/A Cash 2997067 0.081480
Swaps 02/12/2024 N/A Cash 119079 0.003237
Swaps 12/12/2024 N/A Cash 14080 0.000383
Swaps 24/01/2025 N/A Cash 2517 0.000068
Swaps 25/02/2025 N/A Cash 754189 0.020504
Swaps 02/05/2025 N/A Cash 526 0.000014
Swaps 06/05/2025 N/A Cash 99108 0.002694
Swaps 07/11/2025 N/A Cash 256440 0.006972
Swaps 06/03/2026 N/A Cash 62992 0.001713
Swaps 16/03/2026 N/A Cash 1622469 0.044109
Swaps 18/03/2026 N/A Cash 56823 0.001545
Swaps 26/05/2026 N/A Cash 646598 0.017579
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 205663 0.005591
Physical Put Option 16/06/2023 N/A Physical 385000 0.010467
Cash Equity Option 21/07/2023 N/A Cash 13262 0.000361
Cash Equity Option 16/06/2023 N/A Cash 690 0.000019
Cash Equity Option 18/08/2023 N/A Cash 8996 0.000245
Sub Total 8.B2 125199628 3.403756%
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 3.215681 5.033011%
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
06-Jun-2023
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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