REG - National Grid PLC - Holding(s) in Company <Origin Href="QuoteRef">NG.L</Origin>

National GridAnnouncement

24/02/2017 09:40

RNS Number : 7944X
National Grid PLC
24 February 2017
24 February 2017
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.
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii
National Grid plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):
Extension of previously announced position. See Box 13 below. No threshold has been crossed.
X
3. Full name of person(s) subject to the notification obligation: iii
Competrol International Investments Limited
4. Full name of shareholder(s)
(if different from 3.): iv

5. Date of the transaction and date on which the threshold is crossed or reached: v
Existing position extended on 23 February 2017. See Box 13 below. No threshold was crossed.
6. Date on which issuer notified:
23 February 2017
7. Threshold(s) that is/are crossed or
reached: vi, vii

8. Notified details:
A: Voting rights attached to sharesviii, ix
Class/type of
shares

if possible using
the ISIN CODE
Situation previous
to the triggering
transaction
Resulting situation after the triggering transaction
Number
of
Shares
Number
of
Voting
Rights
Number
of shares
Number of voting
rights
% of voting rightsx
Direct
Directxi
Indirectxii
Direct
Indirect








B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial
instrument
Expiration
datexiii
Exercise/
Conversion
Periodxiv
Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.
% of voting
rights





C: Financial Instruments with similar economic effect to Qualifying Financial Instrumentsxv, xvi
Resulting situation after the triggering transaction
Type of financial
instrument
Exercise
price
Expiration
datexvii
Exercise/
Conversion
periodxviii
Number of voting
rights instrument
refers to
% of voting rightsxix, xx
Total Return Equity Swaps
-
27 February 2018
-
31,500,000
Nominal
Delta
-
0.84
-
27 February 2020
-
105,664,285
-
2.81
Total



137,164,285
-
3.65
Total (A+B+C)
Number of voting rights
Percentage of voting rights
137,164,285
3.65
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:xxi

Proxy Voting:
10. Name of the proxy holder:
N/A
11. Number of voting rights proxy holder will cease to hold:
N/A
12. Date on which proxy holder will cease to hold voting rights:
N/A

13. Additional information:
This notification is merely as a result of the extension of part of an existing position to 27 February 2018 and the extension of the remainder of the existing position to 27 February 2020. There has been no change to the aggregate number of shares referable to the aggregate position and no threshold has been crossed.

14. Contact name:
Struan Oliver, Sidley Austin LLP
15. Contact telephone number:
020 7360 2063
This notice is in compliance with National Grid's obligations under the Disclosure and Transparency Rules.
David Whincup
Assistant Company Secretary
0207 004 3209

This information is provided by RNS
The company news service from the London Stock Exchange
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