19th Dec 2014 14:30
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES | ||||
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 | ||||
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 | X | |||
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, a registered investment company
Teachers Advisors, Inc. on behalf of TIAA-CREF Funds · International Equity Fund · TIAA-CREF Life Funds Both registered investment companies | |||
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: | 14 November 2014 | |||
6. Date on which issuer notified: | 24 November 2014 | |||
7. Threshold(s) that is/are crossed orreached: | Below 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 | ||||||||||||
Ordinary 25 pence GB00B0744359 | 7,728,672 | 7,728,672 | 7,728,672 | 7,728,672 | 0 | Below 3% | 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 | |||||||||||||||
7,728,672 | Below 3% | |||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: | ||
Essentra plc notifies that as of 24 November 2014 CREF held 2,227,519 shares of Essentra plc. CREF owns these shares through one of its investment accounts, the Stock Account. The total voting shares outstanding of Essentra plc is 260,485,537 bringing CREF's ownership in your company to a 0.885% level.
CREF is a U.S. based investment company, 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.
Affiliates of CREF on 24 November 2014 held 5,051,153 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 7,278,672 or 2.794% of the outstanding voting shares of Essentra plc. Teachers Advisors, Inc. and TIAA-CREF Investment Management, LLC follow the same policies when voting these funds and have aggregated the holdings for purposes of this notification
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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