National Grid PLC Holding(s) in Company

Date : 02/23/2018 @ 9:39AM
Source : UK Regulatory (RNS & others)
Stock : National Grid (NG.)
Quote : 823.9  -8.5 (-1.02%) @ 11:35AM
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National Grid PLC Holding(s) in Company

National Grid (LSE:NG.)
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6 Months : From Dec 2017 to Jun 2018

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TIDMNG.

RNS Number : 8264F

National Grid PLC

23 February 2018

23 February 2018

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.

 
 1a. Identity of the issuer                                         National Grid PLC 
  or the underlying issuer 
  of existing shares to which 
  voting rights are attached(ii) 
  : 
-------------------------------------------------  --------------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer 
  (please mark with an "X" if appropriate) 
------------------------------------------------------------------------------------------------------ 
 Non-UK issuer 
---------------------------------------------------------------------------------------  ------------- 
 2. Reason for the notification (please mark the appropriate 
  box or boxes with an "X") 
------------------------------------------------------------------------------------------------------ 
 An acquisition or disposal of voting rights 
---------------------------------------------------------------------------------------  ------------- 
 An acquisition or disposal of financial instruments 
---------------------------------------------------------------------------------------  ------------- 
 An event changing the breakdown of voting rights 
---------------------------------------------------------------------------------------  ------------- 
 Other (please specify)(:) Extension of part of previously                                     X 
  announced position. No threshold has been crossed. 
  See Box 11 below. 
---------------------------------------------------------------------------------------  ------------- 
 3. Details of person subject to the notification obligation(iv) 
 Name                                               Competrol International Investments 
                                                     Limited 
 City and country of registered                     Tortola, British Virgin Islands 
  office (if applicable) 
 4. Full name of shareholder(s) (if different from 3.)(v) 
------------------------------------------------------------------------------------------------------ 
 Name 
-------------------------------------------------  --------------------------------------------------- 
 City and country of registered 
  office (if applicable) 
-------------------------------------------------  --------------------------------------------------- 
 5. Date on which the threshold                     Part of existing position 
  was crossed or reached(vi)                         extended on 23 February 2018. 
  :                                                  No threshold has been crossed. 
                                                     See Box 11 below. 
-------------------------------------------------  --------------------------------------------------- 
 6. Date on which issuer notified                   23/02/2018 
  (DD/MM/YYYY): 
-------------------------------------------------  --------------------------------------------------- 
 7. Total positions of person(s) subject to the notification 
  obligation 
------------------------------------------------------------------------------------------------------ 
                               % of voting            % of voting          Total of       Total number 
                              rights attached        rights through        both in %        of voting 
                                 to shares             financial          (8.A + 8.B)       rights of 
                                 (total of            instruments                          issuer(vii) 
                                   8. A)               (total of 
                                                      8.B 1 + 8.B 
                                                           2) 
----------------------  -------------------------  -----------------  -----------------  ------------- 
 Resulting 
  situation 
  on the date 
  on which 
  threshold 
  was crossed 
  or reached                        -                     3.72               3.72         125,733,926 
----------------------  -------------------------  -----------------  -----------------  ------------- 
 Position 
  of previous 
  notification 
  (if 
  applicable)                       -                     3.65               3.65 
----------------------  -------------------------  -----------------  -----------------  ------------- 
 
 
 
 8. Notified details of the resulting situation on the 
  date on which the threshold was crossed or reached(viii) 
----------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
----------------------------------------------------------------------------------------------------------------- 
 Class/type          Number of voting rights(ix)                            % of voting rights 
  of 
  shares 
  ISIN code 
  (if possible) 
------------------  -----------------------------------------------------  -------------------------------------- 
                          Direct                     Indirect                      Direct             Indirect 
                         (Art 9 of                  (Art 10 of                    (Art 9 of           (Art 10 of 
                         Directive                   Directive                    Directive           Directive 
                        2004/109/EC)               2004/109/EC)                  2004/109/EC)        2004/109/EC) 
                          (DTR5.1)                  (DTR5.2.1)                     (DTR5.1)           (DTR5.2.1) 
-----------------   ------------------  ---------------------------------  ----------------------  -------------- 
 
 
 
 SUBTOTAL 
  8. A 
------------------  -----------------------------------------------------  -------------------------------------- 
 
 B 1: Financial Instruments according to Art. 13(1)(a) 
  of Directive 2004/109/EC (DTR5.3.1.1 (a)) 
----------------------------------------------------------------------------------------------------------------- 
 Type of financial   Expiration        Exercise/                           Number of voting         % of voting 
  instrument          date(x)          Conversion                           rights that              rights 
                                       Period(xi)                           may be acquired 
                                                                            if the instrument 
                                                                            is 
                                                                            exercised/converted. 
------------------  ----------------  ----------------------------------  -----------------------  -------------- 
 
 
 
                                       SUBTOTAL 8. 
                                       B 1 
                                      ----------------------------------  -----------------------  -------------- 
 
 B 2: Financial Instruments with similar economic effect 
  according to Art. 13(1)(b) of Directive 2004/109/EC 
  (DTR5.3.1.1 (b)) 
----------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration          Exercise/       Physical             Number                 % of voting 
  financial          date(x)            Conversion       or cash              of voting              rights 
  instrument                            Period           settlement(xii)      rights 
                                        (xi) 
-----------------  ------------------  --------------  -------------------  ---------------------  -------------- 
     27 February 
         2019               -                         Cash                        28,875,000            0.85 
 ------------------  --------------  -------------------                    ---------------------  -------------- 
 Total Return 
  Equity               27 February 
  Swaps                    2020               -                Cash               96,858,926            2.87 
-----------------  ------------------  --------------  -------------------  ---------------------  -------------- 
                                      SUBTOTAL 
                                       8.B.2                                     125,733,926            3.72 
 ------------------  --------------  -------------------                    ---------------------  -------------- 
 
 
 
 9. Information in relation to the person subject to 
  the notification obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is 
  not controlled by any natural person or legal entity 
  and does not control any other undertaking(s) holding 
  directly or indirectly an interest in the (underlying) 
  issuer(xiii) 
 Full chain of controlled undertakings through which                             X 
  the voting rights and/or the 
  financial instruments are effectively held starting 
  with the ultimate controlling natural person or 
  legal entity(xiv) (please add additional rows as 
  necessary) 
------------------------------------------------------------------------  -------------- 
         Name(xv)                % of voting            % of voting          Total of 
                                  rights if            rights through         both if 
                                  it equals               financial          it equals 
                                 or is higher            instruments        or is higher 
                             than the notifiable        if it equals          than the 
                                  threshold             or is higher         notifiable 
                                                     than the notifiable     threshold 
                                                          threshold 
-------------------------  ----------------------  ---------------------  -------------- 
 Olayan Investments 
  Company Establishment     -                       3.72                   3.72 
-------------------------  ----------------------  ---------------------  -------------- 
 Competrol Establishment    -                       3.72                   3.72 
-------------------------  ----------------------  ---------------------  -------------- 
 
 
 
 10. In case of proxy voting, please identify: 
----------------------------------------------------------- 
 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(xvi) 
----------------------------------------------------------- 
 This notification is merely as a result of the extension 
  of part of the existing position to 27 February 2019. 
  There has been no change to the aggregate number of 
  shares referable to the aggregate position (other than 
  as a result of the share consolidation effected in May 
  2017) and no threshold has been crossed. The change 
  in the % of voting rights in Box 7 is as a result of 
  the change to the total number of voting rights. 
----------------------------------------------------------- 
 
 
 Place of completion   London, UK 
--------------------  ----------------- 
 Date of completion    23 February 2018 
--------------------  ----------------- 
 

This notice is in compliance with National Grid's obligations under the Disclosure and Transparency Rules.

Zoë Burnell

Company Secretarial Assistant

0207 004 3227

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

February 23, 2018 09:39 ET (14:39 GMT)

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