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

National GridAnnouncement

30/05/2025 16:30

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RNS Number : 8636K  National Grid PLC  30 May 2025

30 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 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

29-May-2025

6. Date on which Issuer notified

30-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  2.521433                                              0.055402                                                                   2.576835                        126297425
 Position of previous notification (if applicable)                          2.941402                                              2.657883                                                                   5.599285

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                                                                          99612093                                                                         2.032377
 US6362744095                                                                          23969937                                                                         0.489056
 Sub Total 8.A                                123582030                                                                             2.521433%

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                         450000                                                             0.009181
 Sub Total 8.B1                                                             450000                                                             0.009181%

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                         08/09/2025       n/a                         Cash                         16481                    0.000336
 Swaps                         26/11/2025       n/a                         Cash                         46007                    0.000939
 Swaps                         03/03/2026       n/a                         Cash                         2009443                  0.040998
 Swaps                         19/06/2026       n/a                         Cash                         193437                   0.003947
 Swaps                         31/07/2026       n/a                         Cash                         27                       0.000001
 Sub Total 8.B2                                                                                          2265395                  0.046221%

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

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

30-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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