Essentra PLC

Major Shareholding Notification • Mar 12, 2014

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RNS Number : 1125C

Essentra plc

12 March 2014

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:			Essentra 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 College Retirement Equities Fund.  Teachers Advisors, Inc, TIAA - CREF Funds and TIAA CREF Life Fund
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:		10 March 2014
6. Date on which issuer notified:		11 March 2014
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
GB00B0744359	7,064,172			7,064,172			7,464,172		7,464,172		0	3.167%			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
7,464,172								3.167%

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") has informed the Company that on 10 March 2014, it owns 2,402,820 shares of Essentra plc. CREF owns these shares through one of its investment accounts, the Stock Account.  The total voting shares outstanding of Essentra plc. are 235,662,198, bringing CREF's ownership to a 1.020% level. 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, on 10 March 2014, affiliates of CREF bought 400,000 shares bringing the total shares owned to 5,061,352 of Essentra 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 7,464,172 or 3.167% of the outstanding voting shares of Essentra plc. Teachers Advisors, Inc. and TIAA-CREF Investment Management, LLC follow the same policies when voting these funds, holdings is being aggregated for purposes of this letter.
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:	None
14. Contact name:	Patricia Kendall
15. Contact telephone number:	01908 359100

This information is provided by RNS

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