Britvic PLC — Major Shareholding Notification 2014

Dec 11, 2014

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RNS Number : 5750Z

Britvic plc

11 December 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 following accounts: Global Equities Account Stock Account Teachers Advisors, Inc. on behalf of: TIAA-CREF Growth and Income Fund TIAA-CREF Life Growth and Income Fund
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		9 December 2014
6. Date on which issuer notified:		11 December 2014
7. Threshold(s) that is/are crossed or reached: vi, vii		5%

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	11,877,448			11,877,448			12,375,594		12,375,594		0	5.006%			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
12,375,594								5.006%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
On December 9, 2014, the College Retirement Equities Fund ("CREF") purchased 498,146 shares of Britvic Plc, bringing CREF's holdings to 10,470,818 shares in Britvic Plc.  CREF owns these shares through two of its investment accounts, the Stock Account and the Global Equities Account.  It is our understanding there were 247,229,115 total voting shares in Britvic Plc that were outstanding on December 9, 2014 , bringing CREF's total ownership in Britvic Plc to 4.235%.  CREF is a U.S.-based SEC registered investment company that is managed by TIAA-CREF Investment Management, LLC ("TCIM"), an SEC registered investment adviser. Additionally, certain affiliates of CREF own 1,904,776 shares of Britvic Plc.  1,904,776 of these shares are owned by the TIAA-CREF Funds and the TIAA-CREF Life Funds, each of which is a U.S.-based SEC registered investment company that is managed by Teachers Advisors, Inc. ("TAI"), an SEC registered investment adviser.  TAI is affiliated with TCIM and both are indirect, wholly-owned subsidiaries of Teachers Insurance and Annuity Association of America ("TIAA"), a New York insurance company. Nuveen Asset Management, LLC ("NAM"), an SEC registered investment adviser, was recently acquired by TIAA, making NAM an affiliate of TIAA, TCIM and TAI. The combined TIAA-Nuveen enterprise now has aggregated holdings of 12,375,594 shares or 5.006% of the issued and outstanding voting shares in Britvic Plc.  Each of TCIM, TAI and NAM are aggregating their holdings in Britvic as required by current FCA Disclosure and Transparency Rules.  However, each of TCIM, TAI and NAM separately and independently vote any proxies for shares held in Britvic Plc.
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

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