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Travis Perkins (TPK)
16-Jan-2019 / 16:55 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
TR-1: Standard form for notification of major holdings
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NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i
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1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:
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Travis Perkins plc (Company No. 00824821)
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1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
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Non-UK issuer
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2. Reason for the notification (please mark the appropriate box or boxes with an "X")
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An acquisition or disposal of voting rights
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X
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An acquisition or disposal of financial instruments
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An event changing the breakdown of voting rights
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Other (please specify)iii:
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3. Details of person subject to the notification obligationiv
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Name
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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.
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City and country of registered office (if applicable)
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TIAA-CREF Investment Management, LLC - New York, USA
Teachers Advisors, LLC. - New York, USA
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4. Full name of shareholder(s) (if different from 3.)v
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Name
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See Number 3.
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City and country of registered office (if applicable)
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See Number 3.
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5. Date on which the threshold was crossed or reachedvi:
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15 January 2019
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6. Date on which issuer notified (DD/MM/YYYY):
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16 January 2019
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7. Total positions of person(s) subject to the notification obligation
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% of voting rights attached to shares (total of 8. A)
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% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)
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Total of both in % (8.A + 8.B)
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Total number of voting rights of issuervii
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Resulting situation on the date on which threshold was crossed or reached
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4.038%
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0%
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4.038%
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252,143,923
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Position of previous notification (if
applicable)
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3.904%
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0%
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3.904%
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8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
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A: Voting rights attached to shares
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Class/type of
shares
ISIN code (if possible)
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Number of voting rightsix
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% of voting rights
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Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)
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Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)
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Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)
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Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)
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GB0007739609
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10,180,450
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0%
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4.038%
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0%
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SUBTOTAL 8. A
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10,180,450
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4.038%
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B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
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Type of financial instrument
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Expiration
datex
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Exercise/
Conversion Periodxi
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Number of voting rights that may be acquired if the instrument is
exercised/converted.
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% of voting rights
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N/A
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N/A
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N/A
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N/A
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N/A
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SUBTOTAL 8. B 1
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N/A
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N/A
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B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
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Type of financial instrument
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Expiration
datex
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Exercise/
Conversion Period xi
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Physical or cash
settlementxii
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Number of voting rights
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% of voting rights
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N/A
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N/A
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N/A
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N/A
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N/A
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N/A
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SUBTOTAL 8.B.2
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N/A
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N/A
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9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an "X")
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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
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X
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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)
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Namexv
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% of voting rights if it equals or is higher than the notifiable threshold
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% of voting rights through financial instruments if it equals or is higher than the notifiable threshold
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Total of both if it equals or is higher than the notifiable threshold
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10. In case of proxy voting, please identify:
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Name of the proxy holder
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TIAA-CREF Investment Management, LLC/ Teachers Advisors, LLC
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The number and % of voting rights held
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N/A
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The date until which the voting rights will be held
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N/A
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11. Additional informationxvi
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The College Retirement Equities Fund ("CREF") hereby informs you on January 15, 2019 funds managed by an affiliate of CREF bought 316,854 shares of Travis Perkins Plc bringing its total ownership to 7,976,869 or 3.164% of Travis Perkins Plc. These holdings are owned by mutual funds which are investment portfolios of the TIAA-CREF Funds or the TIAA-CREF Life Funds (collectively, the "Funds"). The Funds are SEC registered investment companies and the Funds are managed by Teachers Advisors, LLC ("TAL"), an SEC registered investment adviser that is affiliated with TCIM. It is our understanding the total voting shares outstanding of Travis Perkins Plc is 252,143,923 bringing TAL's voting share ownership in Travis Perkins Plc to a 3.164% level.
Additionally, on January 15, 2019, CREF bought 59,883 shares of Travis Perkins Plc bringing its total ownership to 2,203,581 or 0.874% of Travis Perkins Plc. CREF owns these shares through one of its investment accounts: the Stock Account.
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.
A total of 10,180,450 or 4.038% of the outstanding voting shares of Travis Perkins Plc are owned, in aggregate, by CREF and these affiliated funds and accounts. TAL and TCIM follow the same policies when voting on behalf of CREF and the Funds. Additionally, TAL and TCIM separately and independently vote all proxies for shares held in Travis Perkins Plc. We are therefore aggregating the holdings in Travis Perkins Plc as requested by the current FCA Disclosure and Transparency Rules for purposes of this form.
(See Exhibit A)
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Place of completion
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TIAA-CREF Investment Management, LLC, 730 Third Avenue, New York, New York 10017-3206 USA
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Date of completion
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16 January 2019
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Exhibit A
TIAA-CREF
Summary of Holdings of Travis Perkins plc
Between January 14, 2019 - January 15, 2019
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TIAA-CREF Investment Management LLC ("CREF")
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Stock Account
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Total CREF Holdings
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Total CREF %
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Holdings as of January 14, 2019
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2,143,698
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2,143,698
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0.850%
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Transactions as of January 15, 2019
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59,883
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59,883
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0.024%
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Holdings as of January 15, 2019
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2,203,581
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2,203,581
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0.874%
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Teachers Advisors LLC
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TIAA-CREF International Equity Fund
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TIAA-CREF Life International Equity Fund
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Total Mutual Funds Holdings
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Total Mutual Funds %
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Holdings as of January 14, 2019
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7,490,838
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169,177
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7,660,015
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3.038%
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Transactions as of January 15, 2019
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311,107
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5,747
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316,854
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0.126%
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Holdings as of January 15, 2019
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7,801,945
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174,924
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7,976,869
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3.164%
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Aggregate Holding
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Total Holdings
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Total %
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Holdings as of January 14, 2019
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9,803,713
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3.888%
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Transactions as of January 15, 2019
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376,737
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0.149%
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Holdings as of January 15, 2019
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10,180,450
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4.038%
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Total Voting Shares Outstanding 252,143,923
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Total Combined
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Total Percentage
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10,180,450
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4.038%
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Exhibit B
TIAA-CREF Investment Management, LLC
College Retirement Equities Fund ("CREF") *
* Registered Investment Company
Exhibit C
Teachers Advisors, LLC
TIAA-CREF Funds *
- International Equity Fund
TIAA-CREF Life Funds *
- Life International Equity Fund
* Registered Investment Company
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