Last checked at 1 Aug 2014 12:05
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi | |||||||||||
| 1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | Tate & Lyle 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 thenotification obligation: iii | TIAA-CREF Investment Management, LLC on behalf of the accounts listed in Exhibit B attached hereto
Teachers Advisors, Inc. on behalf of the funds listed in Exhibit C attached hereto | ||||||||||
| 4. Full name of shareholder(s)(if different from 3.):iv | See Number 3 | ||||||||||
| 5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 31/07/2014 | ||||||||||
| 6. Date on which issuer notified: | 01/08/2014 | ||||||||||
| 7. Threshold(s) that is/are crossed orreached: vi, vii | 3% | ||||||||||
| 8. Notified details: | ||||||||||||||||||||||||||||||||||
| A: Voting rights attached to shares viii, ix | ||||||||||||||||||||||||||||||||||
| 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 x | ||||||||||||||||||||||||||||||
| Direct | Direct xi | Indirect xii | Direct | Indirect | ||||||||||||||||||||||||||||||
| GB0008754136 | 14,784,159 | 14,784,159 | 13,303,357 | 13,303,357 | 0 | 2.846% | 0% | |||||||||||||||||||||||||||
| B: Qualifying Financial Instruments | ||||||||||||||||||||||||||||||||||
| Resulting situation after the triggering transaction | ||||||||||||||||||||||||||||||||||
| Type of financialinstrument | Expirationdate xiii | Exercise/ Conversion Period xiv | 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 xv, xvi | ||||||||||||||||||||||||||||||||||
| Resulting situation after the triggering transaction | ||||||||||||||||||||||||||||||||||
| Type of financialinstrument | Exercise price | Expiration date xvii | Exercise/Conversion period xviii | Number of voting rights instrument refers to | % of voting rights xix, xx | |||||||||||||||||||||||||||||
| 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 | |||||||||||||||||||||||||||||||||
| 13,303,357 | 2.846% | |||||||||||||||||||||||||||||||||
| 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | ||||
| The College Retirement Equities Fund (“CREF”) hereby informs you that on July 31, 2014, CREF sold 628,331 shares of Tate & Lyle PLC bringing its holdings to 5,100,493 shares. CREF owns these shares through three of its investment accounts, the Global Equities Account, Stock Account and Social Choice Account. It is our understanding the total voting shares outstanding of Tate & Lyle PLC are 467,380,197, bringing CREF’s ownership in your company to a 1.091% 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 July 31, 2014 sold 852,471 shares of Tate & Lyle PLC, bringing the holdings of these affiliates to 8,202,864 shares of Tate & Lyle PLC. These holdings are owned by the TIAA-CREF Funds (“Funds”) and TIAA-CREF Life Funds (“Life Funds”), each of which are SEC registered investment companies as well as TIAA Global Equity Income, LLC (“TGEI”). The Funds, Life Funds and TGEI are managed by Teachers Advisors, Inc., an SEC registered investment adviser that is affiliated with TIAA-CREF Investment Management, LLC. The holdings of these affiliated funds, when aggregated with those of CREF, account to 13,303,357 shares or 2.846% 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 attached hereto) | ||||
| 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: | Stuart R. Brunet | |||
| 15. Contact telephone number: | +1 415 882 3711 | |||
| Listed Company Contact name: | Lucie Gilbert Company Secretary 020 7257 2100 | |||
Exhibit A.
| TIAA-CREF |
| Summary of Holdings of Tate & Lyle PLC |
| Between July 30, 2014 – July 31, 2014 |
| TIAA-CREF Investment Management LLC ("CREF") | |||||||||||
| Global Equities Account | Stock Account | Social Choice Account | Total CREF Holdings | Total CREF % | |||||||
| Holdings as of July 30, 2014 | 51,730 | 5,537,241 | 139,853 | 5,728,824 | 1.226% | ||||||
| Transactions as of July 31, 2014 | (21,595) | (606,736) | - | (628,331) | -0.134% | ||||||
| Holdings as of July 31, 2014 | 30,135 | 4,930,505 | 139,853 | 5,100,493 | 1.091% | ||||||
| Teachers Advisors, Inc. | |||||||||||||||||
| TIAA-CREF International Equity Fund | TIAA-CREF Life International Equity Fund | TIAA-CREF Intl Equity Index Fund | TIAA-CREF ENH Intl Equity Index Fund | TIAA Global Equity Income | Active Extension Fund I | Total Mutual Funds Holdings | Total Mutual Funds % | ||||||||||
| Holdings as of July 30, 2014 | 8,338,118 | 217,406 | 216,372 | 177,739 | 105,700 | 0 | 9,055,335 | 1.937% | |||||||||
| Transactions as of July 31, 2014 | (830,791) | (21,680) | - | - | - | - | (852,471) | -0.182% | |||||||||
| Holdings as of July 31, 2014 | 7,507,327 | 195,726 | 216,372 | 177,739 | 105,700 | 0 | 8,202,864 | 1.755% | |||||||||
| Aggregate Holding | |||||
| Total Holdings | Total % | ||||
| Holdings as of July 30, 2014 | 14,784,159 | 3.163% | |||
| Transactions as of July 31, 2014 | (1,480,802) | -0.317% | |||
| Holdings as of July 31, 2014 | 13,303,357 | 2.846% | |||
Total Voting Shares Outstanding 467,380,197
Exhibit B.
TIAA-CREF Investment Management, LLC
College Retirement Equities Fund (“CREF”) *
CREF Stock Account CREF Global Equities Account CREF Social Choice Account* Registered Investment Company
Exhibit C.
Teachers Advisors, Inc.
TIAA-CREF Funds *
International Equity Fund International Equity Index Fund Enhanced International Equity Index FundTIAA-CREF Life Funds *
Life International Equity FundTIAA Global Equity Income, LLC ±
* Registered Investment Company
± Unregistered investment company
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