Standard form for notification of major holdings

RNS Number : 3513P

Fevertree Drinks PLC

08 February 2023

 

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BRJ9BJ26

Issuer Name

FEVERTREE DRINKS PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Teachers Insurance and Annuity Association of America

City of registered office (if applicable)

New York

Country of registered office (if applicable)

USA

4. Details of the shareholder

Name	City of registered office	Country of registered office
TIAA-CREF Investment Management, LLC	New York	USA
Teachers Advisers, LLC	New York	USA

5. Date on which the threshold was crossed or reached

06-Feb-2023

6. Date on which Issuer notified

08-Feb-2023

7. Total positions of person(s) subject to the notification obligation

	% of voting rights attached to shares (total of 8.A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)	Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer
Resulting situation on the date on which threshold was crossed or reached	2.994000	0.000000	2.994000	3490293
Position of previous notification (if applicable)	3.007000	0.000000	3.007000

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of shares ISIN code(if possible)	Number of direct voting rights (DTR5.1)	Number of indirect voting rights (DTR5.2.1)	% of direct voting rights (DTR5.1)	% of indirect voting rights (DTR5.2.1)
GB00BG382L74		3490293		2.994000
Sub Total 8.A	3490293		2.994000%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial instrument	Expiration date	Exercise/conversion period	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights
Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument	Expiration date	Exercise/conversion period	Physical or cash settlement	Number of voting rights	% of voting rights
Sub Total 8.B2

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

Ultimate controlling person	Name of controlled undertaking	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Teachers Insurance and Annuity Association of America	Nuveen, LLC	2.994000	0.000000	2.994000%
Teachers Insurance and Annuity Association of America	TIAA-CREF Investment Management, LLC	2.048000	0.000000	2.048000%
Teachers Insurance and Annuity Association of America	TIAA-CREF Investment Management, LLC	2.048000	0.000000	2.048000%
Teachers Insurance and Annuity Association of America	Nuveen Finance, LLC	0.946000	0.000000	0.946000%
Teachers Insurance and Annuity Association of America	Teachers Advisers, LLC	0.959000	0.000000	0.959000%

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

The College Retirement Equities Fund ("CREF") hereby informs you that on January 26, 2023, CREF held 2,387,324 voting shares equivalent to a voting share owner-ship percentage of 2.048% of Fevertree Drinks plc. CREF owns these shares through two of its investment accounts: the Stock Account and the Global Equities Account. It is our understanding the total voting shares outstanding of Fevertree Drinks plc is 116,563,677.

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 ("TCIM"), an SEC registered investment adviser.

In addition, Teachers Advisors, LLC ("TAL"), is an SEC registered investment adviser that is affiliated with TCIM. On January 26, 2023, TAL sold 15,097 voting shares of Fevertree Drinks plc bringing its holdings to 1,102,969 voting shares equivalent to a voting share ownership percentage of 0.946% held through the separate accounts that it advises.

A total of 3,490,293 voting shares or 2.994% of the outstanding voting shares of Fevertree Drinks plc are owned, in aggregate, by CREF and these affiliated funds and accounts. TAL and TCIM follow the same policies when voting on behalf of CREF and the Funds. Additionally, each of TAL and TCIM separately and independently vote all proxies for shares held in Fevertree Drinks plc. We are therefore aggregating the holdings in Fevertree Drinks plc as requested by the current FCA Disclosure and Transparency Rules for purposes of this form.

12. Date of Completion

8 February 2023

13. Place Of Completion

New York

 

END

 

 

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