National Grid PLC Holding(s) in Company (8264F)
February 23 2018 - 9:39AM
UK Regulatory
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
HOLPGUMWPUPRGCW
(END) Dow Jones Newswires
February 23, 2018 09:39 ET (14:39 GMT)
National Grid (LSE:NG.)
Historical Stock Chart
From Mar 2024 to Apr 2024
National Grid (LSE:NG.)
Historical Stock Chart
From Apr 2023 to Apr 2024
