REG - National Grid PLC Bank of America Corp - Holding(s) in Company
22/05/2025 17:15
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RNS Number : 8634J National Grid PLC 22 May 2025
22 May 2025
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
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
19-May-2025
6. Date on which Issuer notified
21-May-2025
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 2.972203 2.611212 5.583415 273657759
Position of previous notification (if applicable) 1.502416 0.319666 1.822082
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 124303665 2.536157
US6362744095 21371773 0.436046
Sub Total 8.A 145675438 2.972203%
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 349644 0.007134
Physical Call Option 21/11/2025 N/A 1 0.000000
Physical Option 16/01/2026 N/A 10477 0.000214
Sub Total 8.B1 360122 0.007348%
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 30/05/2025 N/A Cash 19225 0.000393
Swaps 30/06/2025 N/A Cash 1766 0.000036
Swaps 30/07/2025 N/A Cash 90478 0.001846
Swaps 29/08/2025 N/A Cash 109466 0.002233
Swaps 08/09/2025 N/A Cash 16481 0.000336
Swaps 31/10/2025 N/A Cash 193 0.000004
Swaps 28/11/2025 N/A Cash 58000 0.001184
Swaps 22/12/2025 N/A Cash 933465 0.019045
Swaps 31/12/2025 N/A Cash 223388 0.004559
Swaps 30/01/2026 N/A Cash 265958 0.005426
Swaps 03/03/2026 N/A Cash 2600086 0.053049
Swaps 06/03/2026 N/A Cash 124217 0.002534
Swaps 31/03/2026 N/A Cash 108802569 2.219889
Swaps 07/04/2026 N/A Cash 78955 0.001611
Swaps 28/04/2026 N/A Cash 77646 0.001584
Swaps 30/04/2026 N/A Cash 1996825 0.040741
Swaps 15/06/2026 N/A Cash 349765 0.007136
Swaps 19/06/2026 N/A Cash 10193437 0.207976
Swaps 25/06/2026 N/A Cash 74722 0.001525
Swaps 31/07/2026 N/A Cash 444113 0.009061
Swaps 25/02/2027 N/A Cash 275 0.000006
Swaps 19/04/2027 N/A Cash 12052 0.000246
Swaps 26/04/2027 N/A Cash 113584 0.002317
Swaps 01/06/2027 N/A Cash 6980 0.000142
Swaps 04/06/2027 N/A Cash 95480 0.001948
Swaps 15/02/2028 N/A Cash 300586 0.006133
Swaps 07/05/2030 N/A Cash 314516 0.006417
Options 21/05/2025 N/A Cash 14432 0.000294
Options 12/06/2025 N/A Cash 303539 0.006193
Sub Total 8.B2 127622199 2.603864%
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 Managed Account Advisors, LLC
Bank of America Corporation Merrill Lynch, Pierce, Fenner & Smith Inc.
Bank of America Corporation U.S. Trust Co of Delaware
Bank of America Corporation Merrill Lynch International 5.048987%
Bank of America Corporation BofA Securities Europe SA
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
21-May-2025
13. Place Of Completion
United Kingdom
This notice is in compliance with National Grid's obligations under the
Disclosure and Transparency Rules.
Julian Baddeley
Group Company Secretary
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