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
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)
Country of registered office (if applicable)
4. Details of the shareholder
|
Name |
City of registered office |
Country of registered office |
|
UBS AG |
|
|
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 exercised/converted |
% of voting rights |
|
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 than the notifiable threshold |
Total of both if it equals or is higher 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 ( |
|
|
|
|
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
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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