14th Nov 2014 08:50
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: | Essentra Plc
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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 thenotification obligation: | TIAA-CREF Investment Management, LLC on behalf of College Retirement Equities Fund ("CREF") · CREF Stock Account
Teachers Advisors, Inc. on behalf of TIAA-CREF Funds · International Equity Fund
TIAA-CREF Life Funds · International Equity Fund
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4. Full name of shareholder(s) (if different from 3.) | See Number 3 | ||||||||||||||||
5. Date of the transaction and date onwhich the threshold is crossed orreached: | 12 November 2014 | ||||||||||||||||
6. Date on which issuer notified: | 14 November 2014 | ||||||||||||||||
7. Threshold(s) that is/are crossed orreached: | 3% | ||||||||||||||||
8. Notified details: | |||||||||||||||||
A: Voting rights attached to shares | |||||||||||||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | |||||||||||||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights | |||||||||||||
Direct | Direct | Indirect | Direct | Indirect | |||||||||||||
GB00B0744359 | 6,419,751 | 6,419,751 | 7,419,751 | 7,419,751 | 0 | 3.133% | 0% | ||||||||||
B: Qualifying Financial Instruments | |||||||||||||||||
Resulting situation after the triggering transaction | |||||||||||||||||
Type of financialinstrument | Expirationdate | Exercise/Conversion Period | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights | |||||||||||||
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 financialinstrument | Exercise price | Expiration date | Exercise/Conversion period | Number of voting rights instrument refers to
| % of voting rights
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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 | ||||||||||||||||
7,419,751 | 3.133% | ||||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: | ||
The College Retirement Equities Fund ("CREF") has notified Essentra plc as of November 12, 2014 that CREF held 2,227,519 shares. CREF owns these shares through one of its investment accounts, the Stock Account. The total voting shares outstanding of Essentra plc is 236,825,776 bringing CREF's ownership to a 0.941% 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, affiliates of CREF on November 12, 2014 bought 823,967 shares bringing the total owned to 5,192,232 shares 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 7,419,751 or 3.133% of the outstanding voting shares of Essentra plc. 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.
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Proxy Voting: | ||
10. Name of the proxy holder: | TIAA-CREF Investment Management, LLC/ Teachers Advisors, Inc. | |
11. Number of voting rights proxy holder will ceaseto hold: | N/A | |
12. Date on which proxy holder will cease to holdvoting rights: | N/A | |
13. Additional information: | None | |
14. Contact name: | Patricia Kendall | |
15. Contact telephone number: | 01908 359100 | |
Related Shares:
Essentra