Holding(s) in Company

Holding(s) in Company
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
DirectDirect xiIndirect xiiDirectIndirect
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 priceExpiration date xviiExercise/
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

 
NominalDelta
N/A N/A
 
Total (A+B+C)
Number of voting rightsPercentage 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, IncTotal NuveenConverted
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 CombinedTotal 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") *

  • CREF Stock Account
  • CREF Global Equities Account

*     Registered Investment Company

Exhibit C.

Teachers Advisors, Inc.

TIAA-CREF Funds *

  • International Equity Fund
  • International Equity Index Fund

TIAA-CREF Life Funds *

  • Life International Equity Fund

*     Registered Investment Company




This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: The Weir Group PLC via Globenewswire

HUG#2028401

Companies

Weir Group (WEIR)
UK 100

Latest directors dealings