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Holding(s) in Company

5th Aug 2014 15:00

RNS Number : 2855O
Man Group plc
05 August 2014
 



 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

 

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Man Group 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:

 

TIAA-CREF Investment Management, LLC on behalf of the accounts listed in Exhibit B

 

Teachers Advisors, Inc. on behalf of the funds

Listed in Exhibit C

 

 

4. Full name of shareholder(s) (if different from 3.):

 

 

See Number 3

5. Date of the transaction and date on which the threshold is crossed or reached:

 

04 August 2014

6. Date on which issuer notified:

 

05 August 2014

7. Threshold(s) that is/are crossed or reached:

 

5%

 

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

 

 

GB00B83VD954

87,653,243

87,653,243

90,802,479

90,802,479

0

5.170%

0%

 

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

 

Type of financialinstrument

Expirationdate

Exercise/ConversionPeriod

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

Exerciseprice

Expirationdate

Exercise/Conversionperiod

Number of votingrights instrumentrefers to

% of voting rights

 

 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

90,802,479

5.170%

 

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") hereby informs you that on August 4, 2014 there were 3,012,474 shares bought bringing the total of 39,840,828 shares owned of Man Group Plc. CREF owns these shares through two of its investment accounts, the Global Equities Account and Stock Account. It is our understanding the total voting shares outstanding of Man Group Plc is 1,756,241,351 bringing CREF's ownership in your company to a 2.269% level.

 

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, an SEC registered investment adviser.

 

Additionally, affiliates of CREF on August 4, 2014 bought 136,762 shares bringing the total owned 50,961,651 shares of Man Group 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 90,802,479 or 5.170% of the outstanding voting shares of your company. 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.

 

(See Exhibit A)

 

 

 

 

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:

 

 N/A

14. Contact name:

 

 Rachel Rowson

15. Contact telephone number:

 

020 7144 1732

 

 

 

 

 

EXHIBIT A

TIAA-CREF

Summary of Holdings of Man Group PLC

Between August 1, 2014 - August 4, 2014

 

 

 

TIAA-CREF Investment Management LLC ("CREF")

Teachers Advisors, Inc.

Aggregate Holding

Global Equities Account

Stock Account

Total CREF Holdings

Total CREF %

TIAA-CREF International Equity Fund

TIAA-CREF Life International Equity Fund

TIAA-CREF International Opportunities Fund

Total Mutual Funds Holdings

Total Mutual Funds %

Total Holdings

Total %

Holdings as of August 1, 2014

3,764,042

33,064,312

36,828,354

2.097 %

45,995,345

1,207,482

3,622,062

50,824,889

2.894%

87,653,243

4.991%

Transactions as of August 1, 2014

535,982

2,476,492

3,012,474

0.172 %

-

-

136,762

136,762

0.008%

3,149,236

0.179%

Holdings as of August 4, 2014

4,300,024

35,540,804

39,840,828

2.269%

45,995,345

1,207,482

3,758,824

50,961,651

2.902%

90,802,479

5.170%

 

 

Total Voting Shares Outstanding 1,756,241,351

 

 

Exhibit B.

 

TIAA-CREF Investment Management, LLC

 

College Retirement Equities Fund ("CREF") *

· CREF Stock Account

· CREF Global Equities Account

 

* Registered Investment Company

 

Exhibit C.

 

Teachers Advisors, Inc.

 

TIAA-CREF Funds *

· International Equity Fund

· International Opportunities Fund

 

TIAA-CREF Life Funds *

· Life International Equity Fund

 

* Registered Investment Company

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
HOLLLFLITLIEIIS

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