Holding(s) in Company

RNS Number : 7397B

Man Group plc

20 June 2016

 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Man Group 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:	TIAA-CREF Investment Management, LLC on behalf of the accounts referred to in Exhibit B Teachers Advisors, Inc. on behalf of the funds referred to in Exhibit C
4. Full name of shareholder(s) (if different from 3.):	See Number 3
5. Date of the transaction and date on which the threshold is crossed or reached:	15 June 2016
6. Date on which issuer notified:	17 June 2016
7. Threshold(s) that is/are crossed or reached:	3%

8. Notified details:
A: Voting rights attached to shares
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
			Direct	Direct	Indirect	Direct	Indirect
GB00B83VD954	53,879,252	53,879,252	50,879,252	50,879,252	0	2.987%	0%

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
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
N/A	N/A	N/A	N/A	N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Exercise price	Expiration date	Exercise/ Conversion period	Number of voting rights instrument refers to	% of voting rights
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
50,879,252	2.987%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

The College Retirement Equities Fund ("CREF") hereby informs you as of June 15, 2016 we sold 616,686 shares of Man Group plc bringing the total shares owned by CREF to 30,705,884 shares of Man Group plc.  CREF owns 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 Man Group plc is 1,703,111,700  bringing CREF's ownership in Man Group plc to a 1.803% 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 June 15, 2016 sold 2,383,314 shares in Man Group plc, bringing the total number of shares own by affiliates of CREF to 20,173,368 shares of Man Group plc.  These holdings are owned by the TIAA-CREF Funds ("Funds"), and the TIAA-CREF Life Funds ("Life Funds"), each of which are SEC registered investment companies.  The Funds and Life Funds are managed by Teachers Advisors, Inc., an SEC registered investment adviser that is affiliated with TIAA-CREF Investment Management, LLC. This disposal of shares brings the total number of shares owned by affiliates of CREF in Man Group plc to 20,173,368 shares or to a 1.185% level.  The number of shares in Man Group plc owned by the affiliates of CREF, aggregated with those owned by CREF, is a total of 50,879,252 or 2.987% of the outstanding voting shares of Man Group plc. Because Teachers Advisors, Inc. and TIAA-CREF Investment Management, LLC follow the same policies when voting these funds, we are aggregating their holdings. (See Exhibit A)

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:	N/A
14. Contact name:	Rachel Rowson
15. Contact telephone number:	020 7144 1732

EXHIBIT A

TIAA-CREF

Summary of Holdings of Man Group plc

Between June 14, 2016 - June 15, 2016

	TIAA-CREF Investment Management LLC    ("CREF")				Teachers Advisors, Inc.					Aggregate Holding
	Global Equities Account	Stock Account	Total CREF Holdings	Total CREF %	TIAA-CREF International Equity Fund	TIAA-CREF Life International Equity Fund	TIAA-CREF International Opportunities Fund	Total Mutual Funds  Holdings	Total Mutual Funds %	Total Holdings	Total %
Holdings as of June 14, 2016	6,800,024	24,522,546	31,322,570	1.839%	17,756,152	303,893	4,496,637	22,556,682	1.324%	53,879,252	3.164%
Transactions as of June 15, 2016	-	(616,686)	(616,686)	-0.036%	(2,349,714)	(33,600)	-	(2,383,314)	-0.140%	(3,000,000)	-0.176%
Holdings as of June 15, 2016	6,800,024	23,905,860	30,705,884	1.803%	15,406,438	270,293	4,496,637	20,173,368	1.185%	50,879,252	2.987%

Total Voting Shares Outstanding                     1,703,111,700

Exhibit B.

TIAA-CREF Investment Management, LLC

College Retirement Equities Fund ("CREF") *

·      CREF Stock Account

·      CREF Global Equities Account

*     Registered Investment Company

Exhibit C.

Teachers Advisors, Inc.

TIAA-CREF Funds *

·      International Equity Fund

·      International Opportunities Fund

TIAA-CREF Life Funds *

·      Life International Equity Fund

*     Registered Investment Company

 

END

 

 

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