For filings with the FCA include the annex | |||||
For filings with issuer exclude the annex | |||||
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 | The Weir 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:iii | TIAA-CREF Investment Management, LLC on behalf of the accounts listed in Exhibit B Teachers Advisors, Inc. on behalf of the funds listed in Exhibit C Nuveen Investments, Inc. on behalf of the equities 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 | 11 July 2016 | ||||
6. Date on which issuer notified: | 13 July 2016 | ||||
7. Threshold(s) that is/are crossed or reached: vi, vii | 4% |
8. Notified details: | ||||||||||||||||||
A: Voting rights attached to sharesviii, 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 | ||||||||||||||
GB0009465807 | 8,710,779 | 8,710,779 | 8,537,998 | 8,537,998 | 0 | 3.943% | 0% | |||||||||||
US94876Q2057 (ADRs in relation to Ordinary Shares with ISIN GB0009465807 | 3,039 | 1,519.5 | 3,039 | 1,519.5 | 0 | 0.001% | 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 | |||||||||||||||||
8,539,517.5 | 3.944% |
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") hereby informs you that on July 11, 2016 we owned 2,038,660 shares of The Weir Group Plc. CREF owns these shares through two of its investment accounts, the Global Equities Account and CREF Stock Account. It is our understanding the total voting shares outstanding of The Weir Group Plc is 216,524,565 bringing CREF's ownership in The Weir Group Plc to a 0.942% level. Additionally, affiliates of CREF on July 11, 2016 sold 172,781 shares of The Weir Group Plc. These shares are owned by the TIAA-CREF Funds ("Funds") and the TIAA-CREF Life Funds ("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. In addition, Nuveen Investments, Inc. ("NII") owns 3,039 ADR's correlating to 1,519.5 ordinary shares in The Weir Group Plc (We note that one ADR equals 0.5 ordinary shares). The combined TIAA-Nuveen enterprise therefore has aggregated holdings now of 8,539,517.5 voting rights or 3.944% of the issued and outstanding voting shares in The Weir Group Plc. Each of TCIM, TAI and NII are aggregating their holdings in The Weir Group 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 The Weir Group 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: | Stuart R. Brunet | |
15. Contact telephone number: | +1-415-882-3711 |
EXHIBIT A
TIAA-CREF
Summary of Holdings of The Weir Group Plc
Between July 8, 2016 - July 11, 2016
ORDINARY SHARES
TIAA-CREF Investment Management LLC ("CREF") | Teachers Advisors, Inc. | Aggregate Holding | |||||||||
Global Equities Account | Stock Account | Total CREF Holdings | Total CREF % | TIAA- CREF Interna- tional Equit Fund | TIAA- CREF Life Interna- tional Equity Fund | TIAA- CREF Intl Equity Index Fund | Total Mutual Funds Holdings | Tota Mutual Funds % | Total Holdings | Total % | |
Holdings as of July 8, 2016 | 26,974 | 2,011,686 | 2,038,660 | 0.942% | 6,421,506 | 128,503 | 122,110 | 6,672,119 | 3.081% | 8,710,779 | 4.023% |
Trans- actions as of July 11, 2016 | - | - | - | 0.000% | (168,929) | (3,852) | - | (172,781) | -0.080% | (172,781) | -0.080% |
Holdings as of July 11, 2016 | 26,974 | 2,011,686 | 2,038,660 | 0.942% | 6,252,577 | 124,651 | 122,110 | 6,499,338 | 3.002% | 8,537,998 | 3.943% |
ADRS
Nuveen Investments, Inc (NII) | ||||
Nuveen Investments, Inc | Total Nuveen | Converted 1 ADR=0.5 ORD | Total Nuveen % | |
Holdings as of July 8, 2016 | 3,039 | 3,039 | 1,519.5 | 0.001% |
Transactions as of July 11, 2016 | - | - | - | - |
Holdings as of July 11, 2016 | 3,039 | 3,039 | 1,519.5 | 0.001% |
Total Combined | Total Percentage |
8,539,517.5 | 3.944% |
Based on Total Voting Shares Outstanding: 216,524,565
Exhibit B.
TIAA-CREF Investment Management, LLC
College Retirement Equities Fund ("CREF") *
* Registered Investment Company
Exhibit C.
Teachers Advisors, Inc.
TIAA-CREF Funds *
TIAA-CREF Life Funds *
* Registered Investment Company