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

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
21 March 2016
6. Date on which issuer notified: 22 March 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 7,856,591 7,856,591 8,586,244 8,586,244 0 4.013% 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
8,586,244 4.013%

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 March 21, 2016 we bought 90,081 shares bringing the total owned to 1,906,422 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 213,976,078 bringing CREF's ownership in your company to a 0.891% 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 March 21, 2016 bought  639,572 shares bringing the total owned to 6,679,822  shares of The Weir 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.  These affiliated funds, aggregated with those of CREF, own a total of 8,586,244 or 4.013% of the outstanding voting shares of The Weir Group Plc. Because Teachers Advisors, Inc. and TIAA-CREF Investment Management, LLC follow the same policies when voting these funds, we are aggregating the holdings for purposes of this form.

(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:

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 March 18, 2016 - March 21, 2016    
            
 TIAA-CREF
Investment
Management LLC
("CREF")
Teachers Advisors, Inc.Aggregate
Holding
  Global
Equities
Account
Stock
Account
Total
CREF
Holdings
Total
CREF
%
TIAA-CREF
Inter-
national
Equity
Fund
TIAA-CREF
Life
Inter-
national
Equity
Fund
TIAA-CREF
Intl
Equity
Index
Fund
Total
Mutual
Funds
Holdings
Total
Mutual
Funds
%
Total
Holdings
Total
%
Holdings as of March 18, 2016 14,298 1,802,043 1,816,341 0.849% 5,804,952 117,864 117,434 6,040,250 2.823% 7,856,591 3.672%
Transactions as of March 21, 2016 - 90,081 90,081 0.042% 630,564 9,008 - 639,572 0.299% 729,653 0.341%
Holdings as of March 21, 2016 14,298 1,892,124 1,906,422 0.891% 6,435,516 126,872 117,434 6,679,822 3.122% 8,586,244 4.013%
            
            
Total Voting Shares Outstanding 213,976,078           

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#1996865

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