National Grid PLC Holding(s) in Company (7944X)
February 24 2017 - 04:35AM
UK Regulatory
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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