TR 1 Interest in Shares

RNS Number : 8369D

Travis Perkins PLC

02 May 2013

 



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				Travis Perkins 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 attached hereto Teachers Advisors, Inc. on behalf of the funds Listed in Exhibit C attached hereto
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 April 2013
6. Date on which issuer notified:		1 May 2013
7. Threshold(s) that is/are crossed or reached: vi, vii		4%

8. Notified details:

A: Voting rights attached to shares viii, 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

Ordinary GBPO.10 GB0007739609

9,840,552

9,840,552

9,366,078

9,366,078

0

3.822%

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

9,366,078

3.822%

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 April 30, 2013, CREF sold 278,847 shares bringing the holdings to 6,291,237 shares of Travis Perkins Plc. CREF owns these shares through two of its investment accounts, the Global Equities Account and Stock Account. It is our understanding the total voting shares outstanding of Travis Perkins Plc is 245,070,141 bringing CREF's ownership in your company to a 2.567% 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 sold 195,627 shares on April 30, 2013. Bringing the shares owned to 3,074,841 of Travis Perkins Plc as of April 30, 2013.  These holdings are owned by the TIAA-CREF Funds ("Funds") and TIAA-CREF Life Funds ("Life Funds") each of which are SEC registered investment companies, as well as one of the TIAA-CREF Active Extension Funds ("Active Extension Unregistered Funds").  The Funds, Life Funds and Active Extension Unregistered 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 9,366,078 shares or 3.822% of the outstanding voting shares of your company. 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 letter. (See Exhibit A attached hereto)
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:	[phone]

EXHIBIT A.
TIAA-CREF
Summary of Holdings of Travis Perkins PLC
Between April 29, 2013 - April 30, 2013
	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		Active Extension Fund V	Total Mutual Funds  Holdings	Total Mutual Funds %		Total Holdings		Total %
Holdings as of April 29, 2013	936,800	5,633,284		6,570,084		2.681%		3,155,805		84,475		30,188	3,270,468	1.335%		9,840,552		4.015%
Transactions as of April 30, 2013	-	(278,847)		(278,847)		-0.114%		(190,320)		(5,307)		-	(195,627)	-0.080%		(474,474)		-0.194%
Holdings as of April 30, 2013	936,800	5,354,437		6,291,237		2.567%		2,965,485		79,168		30,188	3,074,841	1.255%		9,366,078		3.822%
Total Voting Shares Outstanding	245,070,141

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

TIAA-CREF Life Funds *

·    Life International Equity Fund

TIAA-CREF Active Extension Funds

·    Active Extension Portfolio V

*     Registered Investment Company

 

END

 

 

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