REG - Man Group plc - Holding(s) in Company <Origin Href="QuoteRef">EMG.L</Origin>

ManAnnouncement

20/06/2016 16:20

RNS Number : 7397B
Man Group plc
20 June 2016
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
 
Man 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:
TIAA-CREF Investment Management, LLC on behalf of the accounts referred to in Exhibit B 
Teachers Advisors, Inc. on behalf of the funds referred to in Exhibit C
4. Full name of shareholder(s) (if different from 3.):
See Number 3
5. Date of the transaction and date on which the threshold is crossed or reached:
15 June 2016
6. Date on which issuer notified:
17 June 2016
7. Threshold(s) that is/are crossed or reached:
3%
8. Notified details:
A: Voting rights attached to shares
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
Direct
Direct
Indirect
Direct
Indirect
GB00B83VD954
53,879,252
53,879,252
50,879,252
50,879,252
0
2.987%
0%

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial
instrument
Expiration
date
Exercise/
Conversion
Period
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
Resulting situation after the triggering transaction
Type of financial
instrument
Exercise
price
Expiration
date
Exercise/
Conversion
period
Number of voting
rights instrument
refers to
% of voting rights
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
50,879,252
2.987%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
The College Retirement Equities Fund ("CREF") hereby informs you as of June 15, 2016 we sold 616,686 shares of Man Group plc bringing the total shares owned by CREF to 30,705,884 shares of Man Group 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 Man Group plc is 1,703,111,700 bringing CREF's ownership in Man Group plc to a 1.803% 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 June 15, 2016 sold 2,383,314 shares in Man Group plc, bringing the total number of shares own by affiliates of CREF to 20,173,368 shares of Man Group 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. This disposal of shares brings the total number of shares owned by affiliates of CREF in Man Group plc to 20,173,368 shares or to a 1.185% level. The number of shares in Man Group plc owned by the affiliates of CREF, aggregated with those owned by CREF, is a total of 50,879,252 or 2.987% of the outstanding voting shares of Man Group plc. Because Teachers Advisors, Inc. and TIAA-CREF Investment Management, LLC follow the same policies when voting these funds, we are aggregating their holdings.
(See Exhibit A)
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:
N/A
14. Contact name:
Rachel Rowson
15. Contact telephone number:
020 7144 1732

EXHIBIT A
TIAA-CREF
Summary of Holdings of Man Group plc
Between June 14, 2016 - June 15, 2016

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
TIAA-CREF International Opportunities Fund
Total Mutual Funds Holdings
Total Mutual Funds %
Total Holdings
Total %
Holdings as of June 14, 2016
6,800,024
24,522,546
31,322,570
1.839%
17,756,152
303,893
4,496,637
22,556,682
1.324%
53,879,252
3.164%












Transactions as of June 15, 2016
-
(616,686)
(616,686)
-0.036%
(2,349,714)
(33,600)
-
(2,383,314)
-0.140%
(3,000,000)
-0.176%












Holdings as of June 15, 2016
6,800,024
23,905,860
30,705,884
1.803%
15,406,438
270,293
4,496,637
20,173,368
1.185%
50,879,252
2.987%
Total Voting Shares Outstanding  1,703,111,700
 


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
 International Opportunities Fund
TIAA-CREF Life Funds * 
 Life International Equity Fund
* Registered Investment Company

This information is provided by RNS
The company news service from the London Stock Exchange
  END
HOLLLFIERAIIFIR