Britvic PLC — Major Shareholding Notification 2014

Jan 30, 2014

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 8836Y

Britvic plc

30 January 2014

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii			Britvic 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: iii		TIAA-CREF Investment Management, LLC on behalf of the accounts listed in Exhibit B Teachers Advisors, Inc. on behalf of the funds Listed in Exhibit C
4. Full name of shareholder(s) (if different from 3.):iv		See Number 3
5. Date of the transaction and date on which the threshold is crossed or reached: v		29 January  2014
6. Date on which issuer notified:		30 January  2014
7. Threshold(s) that is/are crossed or reached: vi, vii		3%

8. Notified details:
A: Voting rights attached to shares viii, ix
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 x
Direct		Direct xi		Indirect xii	Direct			Indirect
GB00B0N8QD54	7,611,811			7,611,811			7,337,911		7,337,911		0	2.980%			0%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument			Expiration date xiii		Exercise/ Conversion Period xiv					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 xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument		Exercise price		Expiration date xvii		Exercise/ Conversion period xviii			Number of voting rights instrument refers to				% of voting rights xix, xx
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
7,337,911								2.980%

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") sold 273,900 shares on January 29, 2014 bringing the holdings to 5,682,259 shares owned of Britvic 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  Britvic Plc is 246,277,254 bringing CREF's ownership in your company to a 2.307% 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 own 1,655,652 shares of Britvic 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 7,337,911 or 2.980% 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, B & C) http://www.rns-pdf.londonstockexchange.com/rns/8836Y_-2014-1-30.pdf
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:	Clare Thomas, Company Secretary, Britvic plc
15. Contact telephone number:	+44 (0)1442 284411

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLQKKDDKBKDQDN