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

National GridAnnouncement

25/11/2024 17:30

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RNS Number : 5746N  National Grid PLC  25 November 2024

25 November 2024

 

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 UBS Group AG 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

UBS Group AG - Investment Bank & Global Wealth Management

City of registered office (if applicable)

London

Country of registered office (if applicable)

United Kingdom

4. Details of the shareholder

 Name    City of registered office  Country of registered office
 UBS AG  London                     United Kingdom

5. Date on which the threshold was crossed or reached

20-Nov-2024

6. Date on which Issuer notified

22-Nov-2024

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  4.802713                                              0.267859                                                                   5.070572                        247750547
 Position of previous notification (if applicable)                          0.000000                                              0.000000                                                                   0.000000

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                                                                          234662791                                                                        4.802713
 Sub Total 8.A                                234662791                                                                             4.802713%

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 of Lent shares                                                     At any time                 82390                                                              0.001686
 Right to Recall of Lent Depositary Receipts (US6362744095)                         At any time                 1034285                                                            0.021168
 Depositary Receipts (US6362744095)                                                 At any time                 52910                                                              0.001083
 Call Options                                                20/06/2025-18/12/2026                              743039                                                             0.015207
 Sub Total 8.B1                                                                                                 1912624                                                            0.039144%

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
 Equity Swaps                  03/01/2025- 25/09/2029                              Cash                         9903                     0.000203
 Swaps on Baskets              20/01/2025- 01/06/2027                              Cash                         10422190                 0.213305
 Put Options                   20/06/2025-18/12/2026                               Physical                     743039                   0.015207
 Sub Total 8.B2                                                                                                 11175132                 0.228715%

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
 UBS Group AG (Chain 1)
 UBS Group AG (Chain 1)       UBS AG                          4.802197                                                                                                                                                5.068670%
 UBS Group AG (Chain 2)
 UBS Group AG (Chain 2)       UBS AG                          4.802197                                                                                                                                                5.068670%
 UBS Group AG (Chain 2)       UBS Bank (Canada)
 UBS Group AG (Chain 3)
 UBS Group AG (Chain 3)       UBS AG                          4.802197                                                                                                                                                5.068670%
 UBS Group AG (Chain 3)       UBS Switzerland AG
 UBS Group AG (Chain 4)
 UBS Group AG (Chain 4)       UBS AG                          4.802197                                                                                                                                                5.068670%
 UBS Group AG (Chain 4)       UBS Americas Holding LLC
 UBS Group AG (Chain 4)       UBS Americas Inc.
 UBS Group AG (Chain 4)       UBS Financial Services Inc.
 UBS Group AG (Chain 5)
 UBS Group AG (Chain 5)       UBS AG                          4.802197                                                                                                                                                5.068670%
 UBS Group AG (Chain 5)       UBS Americas Holding LLC
 UBS Group AG (Chain 5)       UBS Americas Inc.
 UBS Group AG (Chain 5)       UBS Securities LLC
 UBS Group AG (Chain 6)
 UBS Group AG (Chain 6)       UBS AG                          4.802197                                                                                                                                                5.068670%
 UBS Group AG (Chain 6)       Credit Suisse International

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

22-Nov-2024

13. Place Of Completion

Zurich, Switzerland

 

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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