Holding(s) in Company

RNS Number : 7152Q

Britvic plc

19 June 2015

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 Investments, Inc. on behalf of the entities 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	15 June 2015
6. Date on which issuer notified:	18 June 2015
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}	6%

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

13,686,667

5.510%

US1111901047

(ADRs in relation to Ordinary Shares with ISIN GB00B0N8QD54)

606,900

1,213,800

620,320

1,240,640

0.499%

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

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

Nominal

Delta

N/A

Total (A+B+C)

Number of voting rights

Percentage of voting rights

14,927,307

6.009%

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"), managed by TIAA-CREF Investment Management LLC ("TCIM"), hereby informs you as of June 15, 2015 it held 11,748,116 shares of Britvic Plc. CREF owned these shares through two of its investment accounts, the Global Equities Account and Stock Account. It is our understanding the total voting shares outstanding of Britvic Plc is 248,400,822 bringing CREF's ownership in your company to a 4.729% level. Additionally, affiliates of CREF on June 15, 2015 owned 1,931,126 shares of Britvic Plc. 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. Nuveen Investments, Inc. ("NII"), purchased 13,420 ADRs on June 15, 2015, bringing the total owned to 620,320 ADRs, correlating to a total of 1,240,640 ordinary shares in Britvic Plc. (We note that one ADR equals two ordinary shares). Nuveen Investments, Inc. also owns 7,425 ordinary shares of Britvic Plc. The combined TIAA-Nuveen enterprise now has aggregated holdings of 14,927,307 shares or 6.009% of the issued and outstanding voting shares in Britvic Plc. Each of TCIM, TAI and NII are aggregating their holdings in Britvic Plc as required by current FCA Disclosure and Transparency Rules. However, each of TCIM, TAI and NII 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 Investments, 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:	Jonathan Adelman, General Counsel (Interim), Britvic plc
15. Contact telephone number:	+44 (0)1442 284411

EXHIBIT A

TIAA-CREF

Summary of Holdings of Britvic PLC

Between June 14, 2015 - June 15, 2015

ORDINARY (GB00B0N8QD54)

	TIAA-CREF Investment Management LLC ("CREF")				Teachers Advisors, Inc. ("TAI")				Nuveen Investments, Inc ("NII")			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 %	Nuveen Investments, Inc	Total Nuveen	Total Nuveen %	Total Holdings	Total %
Holdings as of June 14, 2015	4,915,677	6,832,439	11,748,116	4.729%	1,873,357	57,769	1,931,126	0.777%	7,425	7,425	0.003%	13,686,667	5.510%
Transactions as of June 15, 2015	-	-	-	0.000%	-	-	-	0.000%	-	-	0.000%	-	0.000%
Holdings as of June 15, 2015	4,915,677	6,832,439	11,748,116	4.729%	1,873,357	57,769	1,931,126	0.777%	7,425	7,425	0.003%	13,686,667	5.510%

ADR (US1111901047)	Nuveen Investments, Inc ("NII")
	Nuveen Investments, Inc	Total Nuveen	Converted 1 ADR=2 ORD	Total Nuveen %	Total Holdings
Holdings as of June 14, 2015	606,900	606,900	1,213,800	0.489%	1,213,800
Transactions as of June 15, 2015	-	13,420	26,840	0.000%	26,840
Holdings as of June 15, 2015	620,320	620,320	1,240,640	0.499%	1,240,640