Business Context and Reporting Period
This Form 6-K filing by National Grid plc, dated June 11, 2024, serves as a notification of a major interest in the company's voting ordinary shares. The filing discloses a change in shareholding by The Goldman Sachs Group, Inc., triggered by a threshold crossing on June 6, 2024.
Key Financial Metrics
This filing is a regulatory disclosure regarding equity ownership and does not contain financial performance data. Consequently, there are no reported values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes Versus Prior Period
The filing details a material change in The Goldman Sachs Group, Inc.'s total interest in National Grid voting rights:
- Previous Total Interest: 3.757432% (comprising 2.032675% in shares and 1.724757% in financial instruments).
- Current Total Interest: 2.737679% (comprising 2.730473% in shares and 0.007206% in financial instruments).
- Net Change: A decrease in total voting interest of approximately 1.02 percentage points.
- Shareholding Increase: Direct and indirect voting rights attached to shares increased from 2.032675% to 2.730473%.
- Financial Instruments Decrease: Voting rights through financial instruments decreased significantly from 1.724757% to 0.007206%.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of operational risks. It strictly reports the mechanics of the shareholding change in compliance with Disclosure and Transparency Rules.
Important Facts for Investor Verification
- Shareholder: The Goldman Sachs Group, Inc. (and its controlled undertakings).
- Threshold Date: June 6, 2024.
- Notification Date: June 10, 2024.
- Current Total Voting Rights: 101,883,792 shares (2.737679% of total voting rights).
- Composition: The current position is predominantly held via direct and indirect share ownership (2.730473%), with minimal exposure through financial instruments (0.007206%).
- Instrument Types: Remaining financial instruments include securities lending, swaps, and call warrants.