Last checked at 23 Feb 2018 14:39
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 or the underlying issuer of existing shares to which voting rights are attachedii: | National Grid PLC | |||||
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 announced position. No threshold has been crossed. See Box 11 below. | X | |||||
3. Details of person subject to the notification obligationiv | ||||||
Name | Competrol International Investments Limited | |||||
City and country of registered office (if applicable) | Tortola, British Virgin Islands | |||||
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 was crossed or reachedvi: | Part of existing position extended on 23 February 2018. No threshold has been crossed. See Box 11 below. | |||||
6. Date on which issuer notified (DD/MM/YYYY): | 23/02/2018 | |||||
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 of issuervii | |||
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 reachedviii | ||||||||||
A: Voting rights attached to shares | ||||||||||
Class/type ofshares ISIN code (if possible) | Number of voting rightsix | % of voting rights | ||||||||
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (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 instrument | Expirationdatex | Exercise/Conversion Periodxi | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | ||||||
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 financial instrument | Expirationdatex | Exercise/Conversion Period xi | Physical or cash settlementxii | Number of voting rights | % of voting rights | |||||
Total Return Equity Swaps | 27 February 2019 | - | Cash | 28,875,000 | 0.85 | |||||
27 February 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) issuerxiii | ||||
Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) | X | |||
Namexv | % 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 | |
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 informationxvi | |
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