Business Context and Reporting Period
This Form 6-K filing by National Grid plc (incorporated in England and Wales) was submitted to the SEC on May 30, 2025. The filing serves as a notification of a major interest in the company's ordinary shares, triggered by a change in holdings reported by Bank of America Corporation. The notification complies with the UK Disclosure and Transparency Rules (DTR).
Key Financial Metrics
This filing is a regulatory disclosure regarding share ownership and does not contain financial performance data. Consequently, the following metrics are not provided in this document:
- Revenue, Profit, Cash Flow, Margins: Not reported.
- Debt and Liquidity: Not reported.
- Shareholding Data: Bank of America Corporation's total interest in voting rights decreased to 2.58% (126,297,425 voting rights) as of May 29, 2025.
Material Changes Versus Prior Period
The filing details a significant reduction in Bank of America Corporation's total interest in National Grid plc:
- Previous Position: 5.60% total voting interest (comprising 2.94% direct shares and 2.66% financial instruments).
- Current Position (May 29, 2025): 2.58% total voting interest (comprising 2.52% direct shares and 0.06% financial instruments).
- Change: A net decrease of approximately 3.02 percentage points in total voting rights.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook for National Grid plc. It is strictly a notification of a change in major shareholding. No specific risks or contingencies related to the company's operations are disclosed in this document.
Important Facts for Investor Verification
- Shareholder Reduction: Bank of America Corporation reduced its total voting interest from 5.60% to 2.58%.
- Composition of Holdings: The current holding consists primarily of direct voting rights (2.52%) with a minimal portion held through financial instruments (0.06%).
- Financial Instruments: The remaining financial instruments include swaps with expiration dates ranging from September 2025 to July 2026.
- Threshold Crossing: The notification was triggered because the total interest crossed a notifiable threshold (likely dropping below 5% or crossing a lower reporting band).