REG - National Grid PLC Bank of America Corp - Holding(s) in Company

National GridAnnouncement

Wed 17:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250528:nRSb4834Ka&default-theme=true

RNS Number : 4834K  National Grid PLC  28 May 2025

28 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

Other

Comments

Legal Entity level crossing - See Section 9

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

23-May-2025

6. Date on which Issuer notified

27-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  2.941402                                              2.657883                                                                   5.599285                        274435597
 Position of previous notification (if applicable)                          2.922734                                              2.682948                                                                   5.605682

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                                                                          122593991                                                                        2.501274
 US6362744095                                                                          21571817                                                                         0.440128
 Sub Total 8.A                                144165808                                                                             2.941402%

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                         867100                                                             0.017691
 Physical Option               16/01/2026       N/A                         10425                                                              0.000213
 Sub Total 8.B1                                                             877525                                                             0.017904%

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                         29/08/2025       n/a                         Cash                         109466                   0.002233
 Swaps                         08/09/2025       n/a                         Cash                         16481                    0.000336
 Swaps                         28/11/2025       n/a                         Cash                         81316                    0.001659
 Swaps                         22/12/2025       n/a                         Cash                         933465                   0.019045
 Swaps                         31/12/2025       n/a                         Cash                         77293                    0.001577
 Swaps                         30/01/2026       n/a                         Cash                         1511                     0.000031
 Swaps                         03/03/2026       n/a                         Cash                         4018886                  0.081997
 Swaps                         06/03/2026       n/a                         Cash                         77578                    0.001583
 Swaps                         31/03/2026       n/a                         Cash                         108801829                2.219874
 Swaps                         07/04/2026       n/a                         Cash                         109843                   0.002241
 Swaps                         28/04/2026       n/a                         Cash                         77646                    0.001584
 Swaps                         30/04/2026       n/a                         Cash                         2269972                  0.046314
 Swaps                         15/06/2026       n/a                         Cash                         334262                   0.006820
 Swaps                         19/06/2026       n/a                         Cash                         10193437                 0.207976
 Swaps                         25/06/2026       n/a                         Cash                         74722                    0.001525
 Swaps                         26/06/2026       n/a                         Cash                         14368                    0.000293
 Swaps                         30/06/2026       n/a                         Cash                         108                      0.000002
 Swaps                         18/11/2026       n/a                         Cash                         25441                    0.000519
 Swaps                         25/02/2027       n/a                         Cash                         275                      0.000006
 Swaps                         15/04/2027       n/a                         Cash                         413410                   0.008435
 Swaps                         19/04/2027       n/a                         Cash                         12081                    0.000246
 Swaps                         26/04/2027       n/a                         Cash                         113584                   0.002317
 Swaps                         04/06/2027       n/a                         Cash                         47331                    0.000966
 Swaps                         15/02/2028       n/a                         Cash                         300182                   0.006125
 Swaps                         07/05/2030       n/a                         Cash                         244557                   0.004990
 Call Option                   12/06/2025       N/A                         Cash                         312220                   0.006370
 Physical Put Option           20/06/2025       N/A                         Physical                     731000                   0.014915
 Sub Total 8.B2                                                                                          129392264                2.639979%

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, National Association
 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                                                                                                                                                                             5.027410%
 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

27-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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  HOLPPUPUAUPAGQR