REG - National Grid PLC JPMorgan Chase & Co - Holding(s) in Company

National GridAnnouncement

12/06/2024 16:45

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RNS Number : 2017S  National Grid PLC  12 June 2024

12 June 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 JPMorgan Chase
& Co. 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

3. Details of person subject to the notification obligation

Name

JPMorgan Chase & Co.

City of registered office (if applicable)

 

Country of registered office (if applicable)

US

4. Details of the shareholder

 Name                        City of registered office  Country of registered office
 J.P. Morgan Securities plc

5. Date on which the threshold was crossed or reached

07-Jun-2024

6. Date on which Issuer notified

11-Jun-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  4.885012                                              0.170737                                                                   5.055749                        188151767
 Position of previous notification (if applicable)

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                                                                          181797644                                                                        4.885012
 Sub Total 8.A                                181797644                                                                             4.885012%

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  % of voting rights
                                                                            exercised/converted
 Depository Receipt                                                         2520315                                                            0.067722
 Sub Total 8.B1                                                             2520315                                                            0.067722%

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
 Cash-settled Equity Swap      16/10/2024       16/10/2024                  Cash                         58000                    0.001558
 Cash-settled Equity Swap      28/11/2024       28/11/2024                  Cash                         3017                     0.000081
 Cash-settled Equity Swap      29/11/2024       29/11/2024                  Cash                         21489                    0.000577
 Cash-settled Equity Swap      15/01/2025       15/01/2025                  Cash                         1107                     0.000030
 Cash-settled Equity Swap      16/01/2025       16/01/2025                  Cash                         39633                    0.001065
 Cash-settled Equity Swap      02/05/2025       02/05/2025                  Cash                         541265                   0.014544
 Cash-settled Equity Swap      08/05/2025       08/05/2025                  Cash                         4298                     0.000115
 Cash-settled Equity Swap      28/05/2025       28/05/2025                  Cash                         4763                     0.000128
 Cash-settled Equity Swap      29/05/2025       29/05/2025                  Cash                         909                      0.000024
 Cash-settled Equity Swap      30/05/2025       30/05/2025                  Cash                         71453                    0.001920
 Cash-settled Equity Swap      31/05/2025       31/05/2025                  Cash                         3089                     0.000083
 Cash-settled Equity Swap      03/06/2025       03/06/2025                  Cash                         2363                     0.000063
 Cash-settled Equity Swap      04/06/2025       04/06/2025                  Cash                         14437                    0.000388
 Cash-settled Equity Swap      24/06/2025       24/06/2025                  Cash                         148661                   0.003995
 Cash-settled Equity Swap      26/06/2025       26/06/2025                  Cash                         1614155                  0.043373
 Cash-settled Equity Swap      30/06/2025       30/06/2025                  Cash                         7906                     0.000212
 Cash-settled Equity Swap      01/07/2025       01/07/2025                  Cash                         1                        0.000000
 Cash-settled Equity Swap      02/07/2025       02/07/2025                  Cash                         35807                    0.000962
 Cash-settled Equity Swap      09/07/2025       09/07/2025                  Cash                         10000                    0.000269
 Cash-settled Equity Swap      17/07/2025       17/07/2025                  Cash                         63412                    0.001704
 Cash-settled Equity Swap      22/07/2025       22/07/2025                  Cash                         12646                    0.000340
 Cash-settled Equity Swap      23/07/2025       23/07/2025                  Cash                         14690                    0.000395
 Cash-settled Equity Swap      16/01/2026       16/01/2026                  Cash                         6323                     0.000170
 Cash-settled Equity Swap      28/04/2026       28/04/2026                  Cash                         687258                   0.018467
 Cash-settled Equity Swap      10/06/2026       10/06/2026                  Cash                         242                      0.000007
 Cash-settled Equity Swap      24/07/2026       24/07/2026                  Cash                         37190                    0.000999
 Cash-settled Equity Swap      09/10/2026       09/10/2026                  Cash                         89921                    0.002416
 Cash-settled Equity Swap      30/05/2028       30/05/2028                  Cash                         2696                     0.000072
 Cash-settled Equity Swap      04/12/2028       04/12/2028                  Cash                         25735                    0.000692
 Cash-settled Equity Swap      01/06/2029       01/06/2029                  Cash                         41917                    0.001126
 Cash-settled Futures                                                       Cash                         269425                   0.007240
 Sub Total 8.B2                                                                                          3833808                  0.103015%

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  Total of both if it equals or is higher than the notifiable threshold
                                                                                                                                          than the notifiable threshold
 JPMorgan Chase & Co.         J.P. Morgan Securities plc      4.791378                                                                                                                                                4.886508%
 JPMorgan Chase & Co.         J.P. Morgan Securities LLC
 JPMorgan Chase & Co.         J.P. Morgan SE

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

Chain of controlled undertakings:

JPMorgan Chase & Co.

JPMorgan Chase Bank, National Association (100%)

J.P. Morgan International Finance Limited (100%)

J.P. Morgan Capital Holdings Limited (100%)

J.P. Morgan Securities plc (100%)

JPMorgan Chase & Co.

JPMorgan Chase Holdings LLC (100%)

J.P. Morgan Broker-Dealer Holdings Inc. (100%)

J.P. Morgan Securities LLC (100%)

JPMorgan Chase & Co.

JPMorgan Chase Bank, National Association (100%)

J.P. Morgan International Finance Limited (100%)

J.P. Morgan SE (100%)

12. Date of Completion

11-Jun-2024

13. Place Of Completion

London, United Kingdom

 

 

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

 

Pritti Patel

Deputy Company Secretary and General Counsel, Corporate

 

 

 

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