Britvic plc Holding(s) in Company (5132T)
06 Oktober 2014 - 12:00PM
UK Regulatory
TIDMBVIC
RNS Number : 5132T
Britvic plc
06 October 2014
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 referred
notification obligation: (iii) to in Exhibit A
Teachers Advisors, Inc. on behalf of
the funds
referred to in Exhibit A
Nuveen Asset Management, LLC on behalf
of its accounts referred to in Exhibit
A
-------------------------------------------- ----------------------------------------------
4. Full name of shareholder(s) See Number 3
(if different from 3.):(iv)
-------------------------------------------- ----------------------------------------------
5. Date of the transaction and date 1 October 2014
on
which the threshold is crossed
or
reached: (v)
-------------------------------------------- ----------------------------------------------
6. Date on which issuer notified: 3 October 2014
-------------------------------------------- ----------------------------------------------
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 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 9,765,816 9,765,816 9,983,560 9,983,560 0 4.038% 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
--------------------------------------------------------------- ---------------------------------------------------------
9,983,560 4.038%
--------------------------------------------------------------- ---------------------------------------------------------
9. Chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held, if applicable: (xxi)
------------------------------------------------------------------------------------------------
On October 1, 2014, the College Retirement Equities Fund ("CREF") purchased
9,182 shares of Britvic Plc, bringing CREF's holdings to 8,100,225 shares
in Britvic Plc. CREF owns these shares through two of its investment
accounts, the Stock Account and the Global Equities Account. It is our
understanding there were 247,229,115 total voting shares in Britvic Plc
that were outstanding on October 1, 2014 , bringing CREF's total ownership
in Britvic Plc to 3.276%. CREF is a U.S.-based SEC registered investment
company that is managed by TIAA-CREF Investment Management, LLC ("TCIM"),
an SEC registered investment adviser.
Additionally, certain affiliates of CREF own 1,883,335 shares of Britvic
Plc. 1,674,773 of these shares are owned by the TIAA-CREF Funds and the
TIAA-CREF Life Funds, each of which is a U.S.-based SEC registered investment
company that is managed by Teachers Advisors, Inc. ("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. 208,562 of these shares
are also owned by certain accounts of Nuveen Asset Management, LLC ("NAM"),
an SEC registered investment adviser. On October 1, 2014, TIAA closed
the acquisition of all of the issued and outstanding stock of NAML and
its affiliates (the "Acquisition"), thus making NAML an affiliate of
TIAA, TCIM and TAI. As a result of the Acquisition, the combined TIAA-Nuveen
enterprise now has aggregated holdings of 9,983,560 shares or 4.038%
of the issued and outstanding voting shares in Britvic Plc.
Each of TCIM, TAI and NAM are aggregating their holdings in Britvic Plc
following the closing of the Acquisition as required by current FCA Disclosure
and Transparency Rules. However, each of TCIM, TAI and NAML separately
and independently vote all proxies for shares held in Britvic Plc.
(See Exhibit A)
Proxy Voting:
------------------------------------------------------------------------------------------------
10. Name of the proxy holder: TIAA-CREF Investment Management,
LLC / Teachers Advisors,
Inc. / Nuveen Asset Management,
LLC
-------------------------------------------------------- --------------------------------------
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:
-------------------------------------------------------- --------------------------------------
13. Additional information: None
-------------------------------------------- --------------------------------------------------
14. Contact name: Clare Thomas, Company Secretary, Britvic
plc
-------------------------------------------- --------------------------------------------------
15. Contact telephone number: +44 (0)1442 284411
-------------------------------------------- --------------------------------------------------
TIAA-CREF
Summary of Holdings of Britvic PLC
Between September 30, 2014 - October 1, 2014
TIAA-CREF Investment Management LLC Nuveen Asset Management,
("CREF") Teachers Advisors, Inc. LLC (NAM) Aggregate Holding
--------------------------------------------- --------------------------------------------- ---------------------------- -------------------
Global Stock Total Total TIAA-CREF TIAA-CREF Total Total NAM Total Total Total Total
Equities Account CREF CREF Growth Life Mutual Mutual Accounts Nuveen Nuveen Holdings %
Account Holdings % and Income Growth Funds Funds % %
Fund and Holdings
Income
Fund
------------ ---------- ---------- ------- ----------- ---------- ---------- -------- --------- -------- ------- ---------- -------
Holdings as
of September
30, 2014 2,814,173 5,276,870 8,091,043 3.273% 1,624,542 50,231 1,674,773 0.677% 208,562 208,562 0.084% 9,974,378 4.034%
------------ ---------- ---------- ------- ----------- ---------- ---------- -------- --------- -------- ------- ---------- -------
Transactions
as
of October
1, 2014 - 9,182 9,182 0.004% - - - 0.000% - - 0.000% 9,182 0.004%
------------ ---------- ---------- ------- ----------- ---------- ---------- -------- --------- -------- ------- ---------- -------
Holdings as
of October
1, 2014 2,814,173 5,286,052 8,100,225 3.276% 1,624,542 50,231 1,674,773 0.677% 208,562 208,562 0.084% 9,983,560 4.038%
------------ ---------- ---------- ------- ----------- ---------- ---------- -------- --------- -------- ------- ---------- -------
Total Voting
Shares
Outstanding 247,229,115
-------------- ------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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