25th Nov 2024 17:15
25 November 2024
National Grid plc ('National Grid' or 'Company')
Notification of Major Interest in National Grid Ordinary Shares
National Grid has received a notification on Form TR-1 from UBS Group AG that its total interest in National Grid voting ordinary shares is as shown below.
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB00BDR05C01
Issuer Name
NATIONAL GRID PLC
UK or Non-UK Issuer
UK
2. Reason for Notification
An acquisition or disposal of voting rights; An acquisition or disposal of financial instruments
3. Details of person subject to the notification obligation
Name
UBS Group AG - Investment Bank & Global Wealth Management
City of registered office (if applicable)
London
Country of registered office (if applicable)
United Kingdom
4. Details of the shareholder
Name | City of registered office | Country of registered office |
UBS AG | London | United Kingdom |
5. Date on which the threshold was crossed or reached
20-Nov-2024
6. Date on which Issuer notified
22-Nov-2024
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 held in issuer | |
Resulting situation on the date on which threshold was crossed or reached | 4.802713 | 0.267859 | 5.070572 | 247750547 |
Position of previous notification (if applicable) | 0.000000 | 0.000000 | 0.000000 |
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
Class/Type of shares ISIN code(if possible) | Number of direct voting rights (DTR5.1) | Number of indirect voting rights (DTR5.2.1) | % of direct voting rights (DTR5.1) | % of indirect voting rights (DTR5.2.1) |
GB00BDR05C01 | 234662791 | 4.802713 | ||
Sub Total 8.A | 234662791 | 4.802713% | ||
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
Type of financial instrument | Expiration date | Exercise/conversion period | Number of voting rights that may be acquired if the instrument is exercised/converted | % of voting rights |
Right to Recall of Lent shares | At any time | 82390 | 0.001686 | |
Right to Recall of Lent Depositary Receipts (US6362744095) | At any time | 1034285 | 0.021168 | |
Depositary Receipts (US6362744095) | At any time | 52910 | 0.001083 | |
Call Options | 20/06/2025-18/12/2026 | 743039 | 0.015207 | |
Sub Total 8.B1 | 1912624 | 0.039144% | ||
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
Type of financial instrument | Expiration date | Exercise/conversion period | Physical or cash settlement | Number of voting rights | % of voting rights |
Equity Swaps | 03/01/2025- 25/09/2029 | Cash | 9903 | 0.000203 | |
Swaps on Baskets | 20/01/2025- 01/06/2027 | Cash | 10422190 | 0.213305 | |
Put Options | 20/06/2025-18/12/2026 | Physical | 743039 | 0.015207 | |
Sub Total 8.B2 | 11175132 | 0.228715% | |||
9. Information in relation to the person subject to the notification obligation
2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)
Ultimate controlling person | Name of controlled undertaking | % 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 |
UBS Group AG (Chain 1) | ||||
UBS Group AG (Chain 1) | UBS AG | 4.802197 | 5.068670% | |
UBS Group AG (Chain 2) | ||||
UBS Group AG (Chain 2) | UBS AG | 4.802197 | 5.068670% | |
UBS Group AG (Chain 2) | UBS Bank (Canada) | |||
UBS Group AG (Chain 3) | ||||
UBS Group AG (Chain 3) | UBS AG | 4.802197 | 5.068670% | |
UBS Group AG (Chain 3) | UBS Switzerland AG | |||
UBS Group AG (Chain 4) | ||||
UBS Group AG (Chain 4) | UBS AG | 4.802197 | 5.068670% | |
UBS Group AG (Chain 4) | UBS Americas Holding LLC | |||
UBS Group AG (Chain 4) | UBS Americas Inc. | |||
UBS Group AG (Chain 4) | UBS Financial Services Inc. | |||
UBS Group AG (Chain 5) | ||||
UBS Group AG (Chain 5) | UBS AG | 4.802197 | 5.068670% | |
UBS Group AG (Chain 5) | UBS Americas Holding LLC | |||
UBS Group AG (Chain 5) | UBS Americas Inc. | |||
UBS Group AG (Chain 5) | UBS Securities LLC | |||
UBS Group AG (Chain 6) | ||||
UBS Group AG (Chain 6) | UBS AG | 4.802197 | 5.068670% | |
UBS Group AG (Chain 6) | Credit Suisse International |
10. In case of proxy voting
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
12. Date of Completion
22-Nov-2024
13. Place Of Completion
Zurich, Switzerland
This notice is in compliance with National Grid's obligations under the Disclosure and Transparency Rules.
Julian Baddeley
Group Company Secretary
Related Shares:
National Grid