Holding(s) in Company

Holding(s) in Company

Tate & Lyle PLC

 
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
     
1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached: ii 		TATE & LYLE PLC
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights   X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached  
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments  
An event changing the breakdown of voting rights  
Other (please specify):      
3. Full name of person(s) subject to the
notification obligation: iii 		  TIAA-CREF Investment Management, LLC on behalf of the accounts listed in Exhibit B attached hereto

 

Teachers Advisors, Inc. on behalf of the funds listed in Exhibit C attached hereto

4. Full name of shareholder(s)
(if different from 3.):iv 		See Number 3
5. Date of the transaction and date on
which the threshold is crossed or
reached: v 		28/03/2013
6. Date on which issuer notified: 02/04/2013
7. Threshold(s) that is/are crossed or
reached: vi, vii 		4%
8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of
shares


if possible using
the ISIN CODE

   Situation previous
to the triggering
transaction 		  Resulting situation after the triggering transaction
Number
of
Shares 		  Number
of
Voting
Rights 		Number
of shares 		  Number of voting
rights 		  % of voting rights x
Direct Direct xi   Indirect xii Direct   Indirect
GB0008754136 18,173,241 18,173,241 19,412,316 19,412,316 0 4.163% 0%
 
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial
instrument 		  Expiration
date xiii 		  Exercise/
Conversion Period xiv 		  Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted. 		  % of voting
rights
N/A N/A N/A N/A N/A
 
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial
instrument 		  Exercise price Expiration date xvii   Exercise/
Conversion period xviii 		  Number of voting rights instrument refers to   % of voting rights xix, xx
N/A N/A N/A N/A N/A Nominal   Delta
N/A N/A
 
Total (A+B+C)
Number of voting rights   Percentage of voting rights
19,412,316 4.163%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi

The College Retirement Equities Fund (“CREF”) owns 5,584,759 shares of Tate & Lyle PLC. CREF owns these shares through three of its investment accounts, the Global Equities Account, Stock Account and Social Choice Account. It is our understanding the total voting shares outstanding of Tate & Lyle PLC is 466,306,374 bringing CREF’s ownership in your company to a 1.198% level.

 

For your information, CREF is a U.S. based investment company, which is registered with the Securities and Exchange Commission (“SEC”). CREF has multiple investment accounts, each with separate investment objectives and policies. All assets in the accounts are beneficially owned by CREF, and all the accounts are managed by TIAA-CREF Investment Management, LLC, an SEC registered investment adviser.

 

Additionally, affiliates of CREF on March 28, 2013 bought 1,239,075 shares of Tate & Lyle PLC, bringing the holdings owned by the TIAA-CREF Funds (“Funds”) and TIAA-CREF Life Funds (“Life Funds”), each of which are SEC registered investment companies, to 13,827,557 shares. The Funds, Life Funds are managed by Teachers Advisors, Inc., an SEC registered investment adviser that is affiliated with TIAA-CREF Investment Management, LLC. These affiliated funds, aggregated with those of CREF, own a total of 19,412,316 shares or 4.163% of the outstanding voting shares of your company. Because Teachers Advisors, Inc. and TIAA-CREF Investment Management, LLC follow the same policies when voting these funds, we are aggregating the holdings for purposes of this letter.

 

 

(See Exhibit A attached hereto)

 
Proxy Voting:
10. Name of the proxy holder:   TIAA-CREF Investment Management, LLC/ Teachers Advisors, Inc.
11. Number of voting rights proxy holder will cease
to hold: 		N/A
12. Date on which proxy holder will cease to hold
voting rights: 		N/A
 

13. Additional information: 		 
None
14. Contact name: Stuart R. Brunet
15. Contact telephone number: +1 415 882 3711
Listed Company Contact name: Lucie Gilbert

Company Secretary

020 7257 2100

Exhibit A.

TIAA-CREF
Summary of Holdings of Tate & Lyle PLC
Between March 27, 2013 – March 28, 2013
  TIAA-CREF Investment Management LLC ("CREF")
Global Equities Account   Stock Account   Social Choice Account   Total CREF Holdings   Total CREF %
Holdings as of March 27, 2013 449,662 5,122,551 12,546 5,584,759 1.198%
         
Transactions as of March 28, 2013 - - - - 0.000%
         
Holdings as of March 28, 2013 449,662 5,122,551 12,546 5,584,759 1.198%
  Teachers Advisors, Inc.
TIAA-CREF International Equity Fund   TIAA-CREF Life International Equity Fund   TIAA-CREF Intl Equity Index Fund   TIAA-CREF ENH Intl Equity Index Fund   Active Extension Fund I   Total Mutual Funds Holdings   Total Mutual Funds %
Holdings as of March 27, 2013 11,901,893 323,670 177,907 185,012 0 12,588,482 2.700%
             
Transactions as of March 28, 2013 1,219,009 20,066 - - - 1,239,075 0.266%
             
Holdings as of March 28, 2013 13,120,902 343,736 177,907 185,012 0 13,827,557 2.965%
  Aggregate Holding
Total Holdings   Total %
Holdings as of March 27, 2013 18,173,241 3.897%
   
Transactions as of March 28, 2013 1,239,075 0.266%
   
Holdings as of March 28, 2013 19,412,316 4.163%

Total Voting Shares Outstanding 466,306,374

Exhibit B.

TIAA-CREF Investment Management, LLC

College Retirement Equities Fund (“CREF”) *

  • CREF Stock Account
  • CREF Global Equities Account
  • CREF Social Choice Account

* Registered Investment Company

Exhibit C.

Teachers Advisors, Inc.

TIAA-CREF Funds *

  • International Equity Fund
  • International Equity Index Fund
  • Enhanced International Equity Index Fund

TIAA-CREF Life Funds *

  • Life International Equity Fund

* Registered Investment Company

Companies

Tate & Lyle (TATE)
UK 100
FTSE quotes by TradingView

Latest directors dealings

All directors dealings today