REG-Tate & Lyle PLC Holding(s) in Company <Origin Href="QuoteRef">TATE.L</Origin>
24/11/2014 14:14
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LONDON--(Business Wire)--
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer Tate & Lyle PLC
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 to the TIAA-CREF Investment Management, LLC on behalf of the accounts listed in Exhibit B attached hereto
notification obligation: iii
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 on 18/09/2014
which the threshold is crossed or
reached:v
6. Date on which issuer notified: 19/09/2014
7. Threshold(s) that is/are crossed or 3%
reached: vi,
vii
8. Notified details:
A: Voting rights attached to sharesviii, ix
Class/type of Situation previous Resulting situation after the triggering transaction
shares to the triggering
if possible using transaction
the ISIN CODE
Number Number Number Number of voting % of voting rights x
of of of shares rights
Shares Voting
Rights
Direct Direct xi Indirect xii Direct Indirect
GB0008754136 13,062,722 13,062,722 14,183,201 14,183,201 0 3.035% 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 xiv rights that may be rights
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 financial Exercise price Expiration date xvii Exercise/ Number of voting rights instrument refers to % of voting rights xix, xx
instrument Conversion period 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
14,183,201 3.035%
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 September 18, 2014, CREF bought 143,378 shares of Tate & Lyle PLC bringing its holdings to 5,267,355 shares. CREF owns these shares through three of its investment accounts, the Global Equities Account, Stock Account and Social Choice Account. It is our understanding the total voting shares outstanding of Tate & Lyle PLC are 467,393,426, bringing CREF`s ownership in your company to a 1.127% 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 September 18, 2014 bought 977,101 shares of Tate & Lyle PLC., bringing the holdings of these affiliates to 8,915,846 shares of Tate & Lyle PLC. 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. 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. The holdings
of these affiliated funds, when aggregated with those of CREF, account to 14,183,201 shares or 3.035% 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 N/A
to hold:
12. Date on which proxy holder will cease to hold N/A
voting rights:
13. Additional information: None
14. Contact name: Stuart R. Brunet
15. Contact telephone number: +1 415 882 3711
Listed Company Contact name: Lucie Gilbert
Company Secretary
020 7257 2100
Exhibit A.
TIAA-CREF
Summary of Holdings of Tate & Lyle PLC
Between September 17, 2014 - September 18, 2014
TIAA-CREF Investment Management LLC ("CREF")
Global Equities Account Stock Account Social Choice Account Total CREF Holdings Total CREF %
Holdings as of September 17, 2014 26,859 4,941,997 155,121 5,123,977 1.096%
Transactions as of September 18, 2014 - 143,378 - 143,378 0.031%
Holdings as of September 18, 2014 26,859 5,085,375 155,121 5,267,355 1.127%
Teachers Advisors, Inc.
TIAA-CREF International Equity Fund TIAA-CREF Life International Equity Fund TIAA-CREF Intl Equity Index Fund TIAA-CREF ENH Intl Equity Index Fund TIAA Global Equity Income Active Extension Fund I Total Mutual Funds Holdings Total Mutual Funds %
Holdings as of September 17, 2014 7,507,327 187,541 224,402 19,475 0 0 7,938,475 1.699%
Transactions as of September 18, 2014 950,267 26,834 - - - - 977,101 0.209%
Holdings as of September 18, 2014 8,457,594 214,375 224,402 19,475 0 0 8,915,846 1.908%
Aggregate Holding
Total Holdings Total %
Holdings as of September 17, 2014 13,062,722 2.795%
Transactions as of September 18, 2014 1,120,479 0.240%
Holdings as of September 18, 2014 14,183,201 3.035%
Total Voting Shares Outstanding 467,393,426
Exhibit B.
TIAA-CREF Investment Management, LLC
College Retirement Equities Fund ("CREF") *
* CREF Stock Account
* CREF Global Equities Account
* CREF Social Choice Account
* Registered Investment Company
Exhibit C.
Teachers Advisors, Inc.
TIAA-CREF Funds *
* International Equity Fund
* International Equity Index Fund
* Enhanced International Equity Index Fund
TIAA-CREF Life Funds *
* Life International Equity Fund
* Registered Investment Company
Tate & Lyle PLC
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