14th Feb 2007 12:20
AMEC PLC14 February 2007 AMEC plc 14 February 2007 In accordance with the Disclosure and Transparency Rules (DTR) 5, we have todayreceived a notification (dated 9 February 2007) from TIAA-CREF InvestmentManagement, LLC (on behalf of College Retirement Equities Fund) and TeachersAdvisors, Inc (on behalf of TIAA-CREF Institutional Mutual Funds) stating that,as at 9 February 2007, they held a notifiable interest in shares of AMEC plc of10,956,536 shares (3.26%). The reason for the notification is stated as: "An acquisition.......of votingrights". The names of the shareholders are stated as TIAA-CREF Investment Management, LLCand Teachers Advisors, Inc. The notification states that the situation previous to the triggeringtransaction was that they held 7,377,731 shares. Further information provided relating to the chain of controlled undertakingsthrough which the voting rights are effectively held is stated as follows: "The College Retirement Equities Fund ("CREF") hereby informs you that onFebruary 9, 2007, CREF purchased 3,618,905 shares of AMEC plc, bringing itstotal holdings in your company to 10,942,824. CREF owns these shares through twoof its investment accounts, the Global Equities Account and the Stock Account.It is our understanding the total shares outstanding of AMEC plc is 336,478,000bringing CREF's ownership in your company to 3.25% level. For your information, CREF is a U.S. based investment company, which isregistered with the Securities and Exchange Commission ("SEC"). CREF hasmultiple investment accounts, each with separate investment objectives andpolicies. All assets in the accounts are beneficially owned by CREF, and all theaccounts are managed by TIAA-CREF Investment Management, LLC, a SEC registeredinvestment adviser. Additionally, affiliates of CREF own 13,812 shares of your company. These sharesare owned by the TIAA-CREF Institutional Mutual Funds ("Institutional Funds"),which are SEC registered mutual funds. The Institutional Funds are managed byTeachers Advisors, Inc., a SEC registered investment adviser, which isaffiliated with TIAA-CREF Investment Management, LLC. These affiliated funds,aggregated with those of CREF, own a total of 10,956,636, or 3.26% of theoutstanding shares of your company. Because Teachers Advisors, Inc. andTIAA-CREF Investment Management, LLC follow the same policies when voting thesefunds, we are aggregating the holdings for this letter." C L Fidler Assistant Company Secretary This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
AMFW.L