Britvic plc Holding(s) in Company (2191M)
21 August 2013 - 4:35PM
UK Regulatory
TIDMBVIC
RNS Number : 2191M
Britvic plc
21 August 2013
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or the underlying Britvic Plc
issuer
of existing shares to which voting rights
are
attached: (ii)
--------------------------------------------------- -----------------------------------
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 TIAA-CREF Investment Management, LLC
to the on behalf of the accounts listed in
notification obligation: (iii) Exhibit B attached hereto
Teachers Advisors, Inc. on behalf of
the funds
Listed in Exhibit C attached hereto
-------------------------------------------- ------------------------------------------
4. Full name of shareholder(s) See Number 3
(if different from 3.):(iv)
-------------------------------------------- ------------------------------------------
5. Date of the transaction and date 20 August 2013
on
which the threshold is crossed
or
reached: (v)
-------------------------------------------- ------------------------------------------
6. Date on which issuer notified: 21 August 2013
-------------------------------------------- ------------------------------------------
7. Threshold(s) that is/are crossed
or
reached: (vi, vii) 3%
-------------------------------------------- ------------------------------------------
8. Notified details:
--------------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares (viii, ix)
--------------------------------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the triggering
of to the triggering transaction
shares transaction
if possible
using
the ISIN
CODE
------------- ------------------------------------ ---------------------------------------------------------------------
Number Number Number Number of voting % of voting rights
of of of shares rights (x)
Shares Voting
Rights
------------- ---------------- ------------------ ------------ ------------------------ -----------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- ----- ------- ------ ----- --- ------------ ------------- --------- ------------- --------------
GB00B0N8QD54 7,112,957 7,112,957 7,415,047 7,415,047 0 3.026% 0%
---------------- ------------------ ------------ ------------- --------- ------------- --------------
B: Qualifying Financial Instruments
--------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
--------------------------------------------------------------------------------------------------------------------------
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date (xiii) Conversion Period rights that may rights
(xiv) be
acquired if the
instrument is
exercised/ converted.
---------------------- --------------- ------------------------------ --------------------------- --------------------
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 Exercise Expiration Exercise/ Number of voting % of voting rights
financial price date (xvii) Conversion rights instrument (xix, xx)
instrument period refers to
(xviii)
--------------- -------------- ------------- ----------------- ---------------------------- -------------------------
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
--------------------------------------------------------------- ---------------------------------------------------------
7,415,047 3.026%
--------------------------------------------------------------- ---------------------------------------------------------
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") bought 145,999 shares on
August 20, 2013 bringing its holdings to 6,106,876 shares owned of Britvic
Plc. CREF owns these shares through two of its investment accounts, the
Global Equities Account and Stock Account. It is our understanding that
the total voting shares outstanding of Britvic Plc is 245,021,028 bringing
CREF's ownership in your company to a 2.492% 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 August 20, 2013 bought 156,091 shares
bringing the total owned to 1,308,171 shares of Britvic 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 7,415,047 or 3.026% 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.
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11. Number of voting rights proxy holder will N/A
cease
to hold:
------------------------------------------------------- ------------------------------------
12. Date on which proxy holder will cease to N/A
hold
voting rights:
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13. Additional information: None
------------------------------------------- ------------------------------------------------
14. Contact name: Clare Thomas, Company Secretary, Britvic
plc
------------------------------------------- ------------------------------------------------
15. Contact telephone number: +44 (0)1442 284411
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Please click on the link below to view Exhibits A, B & C
http://www.rns-pdf.londonstockexchange.com/rns/2191M_-2013-8-21.pdf
This information is provided by RNS
The company news service from the London Stock Exchange
END
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