TIDMNG.

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      National Grid plc 
  or the underlying issuer 
  of existing shares to which 
  voting rights are attached: 
  (ii) 
-----------------------------  ------------------ 
 
 
 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   Extension of previously announced   X 
  specify):       position. See Box 13 below. No 
                  threshold has been crossed. 
--------------  ---------------------------------- 
 
 
 
 3. Full name of person(s)          Competrol International 
  subject to the notification        Investments Limited 
  obligation: (iii) 
---------------------------------  --------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.): 
  (iv) 
---------------------------------  --------------------------- 
 5. Date of the transaction         Existing position extended 
  and date on which the threshold    on 23 February 2017. 
  is crossed or reached: (v)         See Box 13 below. No 
                                     threshold was crossed. 
---------------------------------  --------------------------- 
 6. Date on which issuer            23 February 2017 
  notified: 
---------------------------------  --------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii) 
---------------------------------  --------------------------- 
 
 
 8. Notified details: 
-------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
-------------------------------------------------------------------------------------- 
 Class/type     Situation previous     Resulting situation after 
  of             to the triggering      the triggering transaction 
  shares         transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
-------------  ---------------------  ------------------------------------------------ 
                Number      Number     Number    Number of           % of voting 
                 of          of         of        voting              rights (x) 
                 Shares      Voting     shares    rights 
                             Rights 
-------------  ----------  ---------  --------  ------------------  ------------------ 
                                       Direct    Direct   Indirect   Direct   Indirect 
                                                  (xi)     (xii) 
-------------  ----------  ---------  --------  -------  ---------  -------  --------- 
 
 
 
 B: Qualifying Financial Instruments 
-------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------- 
 Type of financial   Expiration   Exercise/     Number of      % of voting 
  instrument          date         Conversion    voting         rights 
                      (xiii)       Period        rights that 
                                   (xiv)         may be 
                                                 acquired 
                                                 if the 
                                                 instrument 
                                                 is 
                                                 exercised/ 
                                                 converted. 
------------------  -----------  ------------  -------------  ------------ 
 
 
 
 C: Financial Instruments with similar economic 
  effect to Qualifying Financial Instruments (xv, 
  xvi) 
---------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------- 
 Type of         Exercise    Expiration     Exercise/      Number of     % of voting 
  financial       price       date           Conversion     voting        rights (xix, 
  instrument                  (xvii)         period         rights        xx) 
                                             (xviii)        instrument 
                                                            refers 
                                                            to 
--------------  ----------  -------------  -------------  ------------  ---------------- 
 Total Return    -           27 February    -              31,500,000    Nominal   Delta 
  Equity                      2018 
  Swaps 
--------------  ----------  -------------  -------------  ------------  --------  ------ 
                                                                         -         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      N/A 
  proxy holder will cease 
  to hold: 
------------------------------  ----- 
 12. Date on which proxy          N/A 
  holder will cease to hold 
  voting rights: 
------------------------------  ----- 
 
 
                                  This notification is 
  13. Additional information:      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

END

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