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 | 05 April 2016 | ||||
6. Date on which issuer notified: | 7 April 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 | 8,562,405 | 8,562,405 | 8,421,837 | 8,421,837 | 0 | 3.936% | 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 | |||||||||||||||
8,421,837 | 3.936% |
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 as at April 5, 2016 CREF owned 1,873,464 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 The Weir Group Plc to a 0.876% 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 April 5, 2016 sold 140,568 shares bringing the total owned to 6,548,373 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 8,421,837 or 3.936% 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 April 4, 2016 - April 5, 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 Intl Equity Index Fund | Total Mutual Funds Holdings | Total Mutual Funds % | Total Holdings | Total % | |
Holdings as of April 4, 2016 | 24,293 | 1,849,171 | 1,873,464 | 0.876% | 6,435,516 | 126,872 | 126,553 | 6,688,941 | 3.126% | 8,562,405 | 4.002% |
Trans- actions as of April 5, 2016 | - | - | - | 0.000% | (137,960) | (2,608) | - | (140,568) | -0.066% | (140,568) | -0.066% |
Holdings as of April 5, 2016 | 24,293 | 1,849,171 | 1,873,464 | 0.876% | 6,297,556 | 124,264 | 126,553 | 6,548,373 | 3.060% | 8,421,837 | 3.936% |
Total Voting Shares Outstanding | 213,976,078 |
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