REG - National Grid PLC - Holding(s) in Company

National GridAnnouncement

25/02/2019 16:30

RNS Number : 0572R
National Grid PLC
25 February 2019
 


25 February 2019
 
National Grid plc (National Grid)
 
Notification of Major Interest in National Grid Ordinary Shares
 
National Grid has received a notification on Form TR-1 from Competrol International Investments Limited that its total interest in National Grid voting ordinary shares is as shown below.
 
 



1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedi:


National Grid plc




1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)




Non-UK issuer








2. Reason for the notification (please mark the appropriate box or boxes with an "X")




An acquisition or disposal of voting rights








An acquisition or disposal of financial instruments








An event changing the breakdown of voting rights








Other (please specify): Extension of part of previously announced position.  No threshold has been crossed.  See Box 11. 


X




3. Details of person subject to the notification obligation




Name


Competrol International Investments Limited




City and country of registered office (if applicable)


Tortola, British Virgin Islands




4. Full name of shareholder(s) (if different from 3.)




Name








City and country of registered office (if applicable)








5. Date on which the threshold was crossed or reached:


Part of existing position extended on 25 February 2019.  No threshold has been crossed.  See Box 11 below.




6. Date on which issuer notified (DD/MM/YYYY):


25/02/2019




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 of issuer




Resulting situation on the date on which threshold was crossed or reached


-


3.69


3.69


3,410,105,960




Position of previous notification (if
applicable)


-


3.72


3.72
















 



8. Notified details of the resulting situation on the date on which the threshold was crossed or reached




A: Voting rights attached to shares




Class/type of

shares
ISIN code (if possible)


Number of voting rightsix


% of voting rights




Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)


Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)


Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)


Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)






































































SUBTOTAL 8. A












 
 




B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (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














































































SUBTOTAL 8. B 1












 
 




B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))




Type of financial instrument


Expiration

date


Exercise/

Conversion Period


Physical or cash
settlement


Number of voting rights


% of voting rights




Total Return
Equity Swaps


27 February 2020


-


Cash


125,733,926


3.69
















SUBTOTAL 8.B.2


125,733,926


3.69





















 



9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an "X")




Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer








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 entity (please add additional rows as necessary)


X




Name


% 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




Olayan Investments Company Establishment


-


3.69


3.69




Competrol Establishment


-


3.69


3.69




Competrol International Investments Limited






3.69


3.69




10. In case of proxy voting, please identify:




Name of the proxy holder








The number and % of voting rights held








The date until which the voting rights will be held








11. Additional informationxvi




This notification is merely as a result of the extension of part of the existing position to 27 February 2020.  There has been no change to the number of shares referable to the aggregate position of Competrol International Investments Limited and no threshold has been crossed. The change in the % of voting rights in Box 7 is as a result of the change to the total number of voting rights (including as a result of the operation of the scrip dividend schemes for the 2018/19 interim dividend paid in January 2019 and the 2017/18 final dividend in August 2018).










 



Place of completion


London, UK




Date of completion


25 February 2019



 
This notice is in compliance with National Grid's obligations under the Disclosure and Transparency Rules.
 
Ceri James
Assistant Company Secretary
020 7004 3116
 
 




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