Holding(s) in Company

RNS Number : 5132T

Britvic plc

06 October 2014

 



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				Britvic 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 referred to in Exhibit A Teachers Advisors, Inc. on behalf of the funds referred to in Exhibit A Nuveen Asset Management, LLC on behalf of its accounts referred to in Exhibit A
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		1 October 2014
6. Date on which issuer notified:		3 October 2014
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

GB00B0N8QD54

9,765,816

9,765,816

9,983,560

9,983,560

0

4.038%

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

9,983,560

4.038%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
On October 1, 2014, the College Retirement Equities Fund ("CREF") purchased 9,182 shares of Britvic Plc, bringing CREF's holdings to 8,100,225 shares in Britvic Plc.  CREF owns these shares through two of its investment accounts, the Stock Account and the Global Equities Account.  It is our understanding there were 247,229,115 total voting shares in Britvic Plc that were outstanding on October 1, 2014 , bringing CREF's total ownership in Britvic Plc to 3.276%.  CREF is a U.S.-based SEC registered investment company that is managed by TIAA-CREF Investment Management, LLC ("TCIM"), an SEC registered investment adviser. Additionally, certain affiliates of CREF own 1,883,335 shares of Britvic Plc.  1,674,773 of these shares are owned by the TIAA-CREF Funds and the TIAA-CREF Life Funds, each of which is a U.S.-based SEC registered investment company that is managed by Teachers Advisors, Inc. ("TAI"), an SEC registered investment adviser.  TAI is affiliated with TCIM and both are indirect, wholly-owned subsidiaries of Teachers Insurance and Annuity Association of America ("TIAA"), a New York insurance company.  208,562 of these shares are also owned by certain accounts of Nuveen Asset Management, LLC ("NAM"), an SEC registered investment adviser.  On October 1, 2014, TIAA closed the acquisition of all of the issued and outstanding stock of NAML and its affiliates (the "Acquisition"), thus making NAML an affiliate of TIAA, TCIM and TAI.  As a result of the Acquisition, the combined TIAA-Nuveen enterprise now has aggregated holdings of 9,983,560 shares or 4.038% of the issued and outstanding voting shares in Britvic Plc.  Each of TCIM, TAI and NAM are aggregating their holdings in Britvic Plc following the closing of the Acquisition as required by current FCA Disclosure and Transparency Rules.  However, each of TCIM, TAI and NAML separately and independently vote all proxies for shares held in Britvic Plc.  (See Exhibit A)
Proxy Voting:
10. Name of the proxy holder:		TIAA-CREF Investment Management, LLC / Teachers Advisors, Inc. / Nuveen Asset Management, LLC
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:	Clare Thomas, Company Secretary, Britvic plc
15. Contact telephone number:	[phone]

TIAA-CREF
Summary of Holdings of Britvic PLC
Between September 30, 2014 - October 1, 2014
	TIAA-CREF Investment Management LLC ("CREF")				Teachers Advisors, Inc.				Nuveen Asset Management, LLC (NAM)			Aggregate Holding
	Global Equities Account	Stock Account	Total CREF Holdings	Total CREF %	TIAA-CREF Growth and Income Fund	TIAA-CREF Life Growth and Income Fund	Total Mutual Funds  Holdings	Total Mutual Funds %	NAM Accounts	Total Nuveen	Total Nuveen %	Total Holdings	Total %
Holdings as of September 30, 2014	2,814,173	5,276,870	8,091,043	3.273%	1,624,542	50,231	1,674,773	0.677%	208,562	208,562	0.084%	9,974,378	4.034%
Transactions as of October 1, 2014	-	9,182	9,182	0.004%	-	-	-	0.000%	-	-	0.000%	9,182	0.004%
Holdings as of October 1, 2014	2,814,173	5,286,052	8,100,225	3.276%	1,624,542	50,231	1,674,773	0.677%	208,562	208,562	0.084%	9,983,560	4.038%
Total Voting Shares Outstanding	247,229,115

 

END

 

 

HOLQKADDFBDKCKK