FEVERTREE DRINKS PLC — Major Shareholding Notification 2018

Nov 1, 2018

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RNS Number : 0934G

Fevertree Drinks PLC

01 November 2018

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:			Fevertree Drinks plc (Company No. 05291668)
1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights						X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name			TIAA-CREF Investment Management, LLC on behalf of the accounts listed in Exhibit B. Teachers Advisors, LLC on behalf of the funds listed in Exhibit C.
City and country of registered office (if applicable)			TIAA-CREF Investment Management, LLC - New York, USA Teachers Advisors, LLC - New York, USA
4. Full name of shareholder(s) (if different from 3.)v
Name			See Number 3.
City and country of registered office (if applicable)			See Number 3.
5. Date on which the threshold was crossed or reachedvi:			31 October 2018
6. Date on which issuer notified (DD/MM/YYYY):			1 November 2018
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached	2.991%	0%		2.991%	116,111,983
Position of previous notification (if applicable)	3.069%	0%		3.069%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rightsix					% of voting rights
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)			Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
GB00BRJ9BJ26		3,473,021		0			2.991%		0%
SUBTOTAL 8. A		3,473,021					2.991%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument		Expiration datex	Exercise/ Conversion Periodxi			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
			SUBTOTAL 8. B 1			N/A			N/A
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration datex		Exercise/ Conversion Period xi		Physical or cash settlementxii			Number of voting rights	% of voting rights
N/A	N/A		N/A		N/A			N/A	N/A
					SUBTOTAL 8.B.2			N/A	N/A

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii				X
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)
Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
10. In case of proxy voting, please identify:
Name of the proxy holder		TIAA-CREF Investment Management, LLC/Teachers Advisors, LLC
The number and % of voting rights held		N/A
The date until which the voting rights will be held		N/A
11. Additional informationxvi
The College Retirement Equities Fund ("CREF") hereby informs you that on October 31, 2018, CREF sold 60,000 voting shares of  Fevertree Drinks plc bringing its holdings to 2,716,598 voting shares equivalent to a voting share ownership percentage of 2.340% of Fevertree Drinks plc. CREF owns these shares through three of its investment accounts: the Stock Account, the Global Equities Account, and the Growth Account.  It is our understanding the total voting shares outstanding of Fevertree Drinks plc is 116,111,983. 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 ("TCIM"), an SEC registered investment adviser. In addition, Teachers Advisors, LLC ("TAL"), is an SEC registered investment adviser that is affiliated with TCIM. On October 31, 2018, TAL held 756,423 shares of Fevertree Drinks plc equivalent to a voting share ownership percentage of 0.651% held through the separate accounts that it advises. A total of 3,473,021 or 2.991% of the outstanding voting shares of Fevertree Drinks plc are owned, in aggregate, by CREF and affiliated accounts. Additionally, TCIM and TAL separately and independently vote all proxies for shares held in Fevertree Drinks Plc. We are aggregating the holdings in Fevertree Drinks plc as requested by the current FCA Disclosure and Transparency Rules for purposes of this form. (See Exhibit A)

Place of completion	TIAA-CREF Investment Management, LLC, 730 Third Avenue, New York, New York 10017-3206 USA
Date of completion	1 November 2018

EXHIBIT A.
TIAA-CREF
Summary of Holdings of Fevertree Drinks Plc
Between October 30, 2018 - October 31, 2018
	TIAA-CREF Investment Management LLC    ("CREF")					Teachers Advisors LLC				Aggregate Holding
	Global Equities Account	Growth Account	Stock Account	Total CREF Holdings	Total CREF %	TIAA-CREF International Opportunities Fund	TIAA-CREF Quant  International Small-Cap Equity Fund	Total Mutual Funds   Holdings	Total Mutual Funds %	Total Holdings	Total %
Holdings as of October 30, 2018	868,071	600,000	1,308,527	2,776,598	2.391%	543,423	213,000	756,423	0.651%	3,533,021	3.043%
Transactions as of October 31, 2018	(30,000)		(30,000)	(60,000)	-0.052%	-	-	-	0.000%	(60,000)	-0.052%
Holdings as of October 31, 2018	838,071	600,000	1,278,527	2,716,598	2.340%	543,423	213,000	756,423	0.651%	3,473,021	2.991%
Total Voting Shares Outstanding	116,111,983

		Total Combined	Total Percentage
		3,473,021	2.991%

Exhibit B.

TIAA-CREF Investment Management, LLC

College Retirement Equities Fund ("CREF") *

·     CREF Stock Account

·     CREF Global Equities Account

·     CREF Growth Account

*     Registered Investment Company

Exhibit C.

Teachers Advisors, LLC

TIAA-CREF Funds *

·     International Opportunities Fund

·     Quant International Small-Cap Equity Fund

*     Registered Investment Company

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