Business Context and Reporting Period
This Form 6-K filing by National Grid plc (incorporated in England and Wales) was submitted on November 26, 2024. The document serves as a notification of a major interest in the company's ordinary shares, complying with the Disclosure and Transparency Rules. It details a change in shareholding by BlackRock, Inc., rather than reporting on the company's operational or financial performance.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a regulatory disclosure regarding equity ownership and does not contain financial statements or operational metrics.
Material Changes Versus Prior Period
The filing reports a material change in the shareholding structure of National Grid plc by BlackRock, Inc. as of November 25, 2024:
- Total Voting Rights: BlackRock's total interest increased from 7.55% to 7.62%.
- Voting Rights Attached to Shares: Increased from 4.30% to 7.29% (356,589,392 shares).
- Voting Rights via Financial Instruments: Increased from 3.25% to 0.33%.
- Total Voting Rights Held: The total number of voting rights held is 373,604,925.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies related to National Grid's business operations. The document strictly outlines the chain of controlled undertakings through which BlackRock, Inc. holds its voting rights and financial instruments, including American Depository Receipts, Securities Lending, and CFDs.
Important Facts for Investor Verification
- Shareholder Threshold: BlackRock, Inc. has crossed a reporting threshold, now holding a total of 7.62% of voting rights.
- Composition of Holding: The majority of the holding (7.29%) consists of direct voting rights attached to shares, with a smaller portion (0.33%) derived from financial instruments.
- Regulatory Compliance: The notification was filed under the Disclosure and Transparency Rules following an acquisition of voting rights.
- No Financial Data: Investors should not use this filing for financial performance analysis; refer to the company's Form 20-F or interim reports for operational metrics.