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REG - Fevertree Drinks PLC - Holding(s) in Company

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RNS Number : 3031S  Fevertree Drinks PLC  08 March 2023

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BRJ9BJ26

Issuer Name

FEVERTREE DRINKS PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Teachers Insurance and Annuity Association of America

City of registered office (if applicable)

New York

Country of registered office (if applicable)

USA

4. Details of the shareholder

 Name                                  City of registered office  Country of registered office
 Teachers Advisers, LLC                New York                   USA
 TIAA-CREF Investment Management, LLC  New York                   USA

5. Date on which the threshold was crossed or reached

06-Mar-2023

6. Date on which Issuer notified

07-Mar-2023

7. Total positions of person(s) subject to the notification obligation

                                                                            % of voting rights attached to shares (total of 8.A)  % of voting rights through financial instruments (total of 8.B 1 + 8.B 2)  Total of both in % (8.A + 8.B)  Total number of voting rights held in issuer
 Resulting situation on the date on which threshold was crossed or reached  3.040000                                              0.000000                                                                   3.040000                        116563677
 Position of previous notification (if applicable)                          2.994000                                              0.000000                                                                   2.994000

8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached

8A. Voting rights attached to shares

 Class/Type of shares ISIN code(if possible)  Number of direct voting rights (DTR5.1)  Number of indirect voting rights (DTR5.2.1)  % of direct voting rights (DTR5.1)  % of indirect voting rights (DTR5.2.1)
 GB00BG382L74                                 0                                        116563677                                    0.000000                            3.040000
 Sub Total 8.A                                116563677                                                                             3.040000%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 Type of financial instrument  Expiration date  Exercise/conversion period  Number of voting rights that may be acquired if the instrument is  % of voting rights
                                                                            exercised/converted
 Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))

 Type of financial instrument  Expiration date  Exercise/conversion period  Physical or cash settlement  Number of voting rights  % of voting rights
 Sub Total 8.B2

9. Information in relation to the person subject to the notification
obligation

2. Full chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held starting with the
ultimate controlling natural person or legal entities (please add additional
rows as necessary)

 Ultimate controlling person                            Name of controlled undertaking        % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher  Total of both if it equals or is higher than the notifiable threshold
                                                                                                                                                                          than the notifiable threshold
 Teachers Insurance and Annuity Association of America  Nuveen, LLC                           3.040000                                                                    0.000000                                                                    3.040000%
 Teachers Insurance and Annuity Association of America  TIAA-CREF Investment Management, LLC  2.093000                                                                    0.000000                                                                    2.093000%
 Teachers Insurance and Annuity Association of America  TIAA-CREF Investment Management, LLC  2.093000                                                                    0.000000                                                                    2.093000%
 Teachers Insurance and Annuity Association of America  Nuveen Finance, LLC                   0.946000                                                                    0.000000                                                                    0.946000%
 Teachers Insurance and Annuity Association of America  Teachers Advisers, LLC                0.946000                                                                    0.000000                                                                    0.946000%

10. In case of proxy voting

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

11. Additional Information

The College Retirement Equities Fund ("CREF") hereby informs you that on March
6, 2023, CREF purchased 62,902 shares in Fevertree drinks plc, bringing its
holdings to 2,440,147 voting shares equivalent to a voting share owner-ship
percentage of 2.093% of Fevertree Drinks plc. CREF owns these shares through
two of its investment accounts: the Stock Account and the Global Equities
Account. It is our understanding the total voting shares outstanding of
Fevertree Drinks plc is 116,563,677.

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 ("TCIM"), an
SEC registered investment adviser.

In addition, Teachers Advisors, LLC ("TAL"), is an SEC registered investment
adviser that is affiliated with TCIM. On March 6, 2023, TAL held 1,102,969
voting shares equivalent to a voting share ownership percentage of 0.946% held
through the separate accounts that it advises.

A total of 3,543,116 voting shares or 3.04% of the outstanding voting shares
of Fevertree Drinks plc are owned, in aggregate, by CREF and these affiliated
funds and accounts. TAL and TCIM follow the same policies when voting on
behalf of CREF and the Funds. Additionally, each of TAL and TCIM separately
and independently vote all proxies for shares held in Fevertree Drinks plc. We
are therefore aggregating the holdings in Fevertree Drinks plc as requested by
the current FCA Disclosure and Transparency Rules for purposes of this form.

12. Date of Completion

7 March 2023

13. Place Of Completion

New York

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