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, LLC. 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
30 November 2016
6. Date on which issuer notified: 01 December 2016
7. Threshold(s) that is/are crossed or
reached:
vi, vii
3%
      

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 6,644,753 6,644,753 5,677,476 5,677,476 0 2.607% 0%
 
US94876Q2057

 

(ADRs in relation to Ordinary Shares with ISIN GB0009465807)
2,609 1,304.5 2,577 1,288.5 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
5,678,764.5 2.608%
                    

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 November 30, 2016 CREF bought 2,580 shares of The Weir Group Plc bringing its share ownership to 1,911,135.  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 217,738,348 bringing CREF's ownership in The Weir Group Plc to a 0.878%  level.

 

Additionally, affiliates of CREF on November 30, 2016 sold 969,857 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, LLC. ("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") sold 32 ADR's on November 30, 2016  bringing the total ADR's owned to 2,577 correlating to 1,288.5 ordinary shares in The Weir Group Plc (We note that one ADR equals .5 ordinary shares). The combined TIAA-Nuveen enterprise now has aggregated holdings of 5,678,764.5 shares or 2.608% 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, LLC. / 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 Weir Group Plc/The    
Between November 29, 2016 - November 30, 2016    
            
 TIAA-CREF
Investment
Management LLC
("CREF")
Teachers Advisors,
LLC.
Aggregate
Holding
 Global Equities AccountStock AccountTotal CREF HoldingsTotal 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 HoldingsTotal
%
Holdings
as of
November 29,
2016
14,586 1,893,969 1,908,555 0.877% 4,505,029 94,195 136,974 4,736,198 2.175% 6,644,753 3.052%
            
Transactions
as of
November 30,
2016
- 2,580 2,580 0.001% (956,320) (15,798) 2,261 (969,857) -0.445% (967,277) -0.444%
            
Holdings
as of
November 30,
2016
14,586 1,896,549 1,911,135 0.878% 3,548,709 78,397 139,235 3,766,341 1.730% 5,677,476 2.607%
            
            
Total Voting
Shares
Outstanding
217,738,348           
            
            

       
       
ADR Nuveen Investments, Inc (NII)  
 Nuveen Investments, IncTotal NuveenConverted
1 ADR=.5 ORD
Total Nuveen %Total Combined Holdings Combined Percentage
Holdings
as of November 29,
2016
2,609 2,609 1,304.5 0.001% 6,646,057.53.052%
       
Transactions
as of
November 30,
2016
-32   16.0    
       
Holdings
as of
November 30,
2016
2,577 2,577 1,288.5 0.001% 5,678,764.52.608%
       
       
       
     Total CombinedTotal Percentage
      5,678,764.5 2.608%

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, LLC.

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 Corporate Solutions on behalf of Nasdaq 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

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