RNS Number : 0562L
Man Group plc
23 April 2015
 



 

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:

 

20 April 2015

6. Date on which issuer notified:

 

22 April 2015

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

 

4%

 

8. Notified details:

A: Voting rights attached to shares

 

Class/type of
shares


if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of  voting rights

Direct

Direct

Indirect

Direct

Indirect

 GB00B83VD954

69,500,850

69,500,850

68,785,916

68,785,916

0

3.956%

0%


 

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

 

Type of financial
instrument

Expiration
date

Exercise/
Conversion
Period

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

 

% of voting
rights

 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 financial
instrument

Exercise
price

Expiration
date

Exercise/
Conversion
period

Number of voting
rights instrument
refers 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

68,785,916

3.956%

 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

The College Retirement Equities Fund ("CREF") hereby informs you as of April 20, 2015 it holds 31,576,869 shares of Man Group Plc.  CREF owns these shares through two of its investment accounts, the Global Equities Account and Stock Account. The Stock Account sold 714,934 shares on April 20, 2015 dropping our total share quantity below the reporting threshold.  It is our understanding the total voting shares outstanding of Man Group plc is 1,738,746,257 bringing CREF's ownership in your company to a 1.816% 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 April 20, 2015 holds 37,209,047 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 68,785,916 or 3.956% 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 April 17, 2015 - April 20, 2015

 

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 April 17, 2015

6,800,024

25,491,779

32,291,803

1.857

32,197,328

680,775

4,330,944

37,209,047

2.140%

69,500,850

3.997

Transactions as of April 20, 2015

-

(714,934)

(714,934)

-0.041

-

-

-

-

0.000%

(714,934)

-0.041

Holdings as of April 20, 2015

6,800,024

24,776,845

31,576,869

1.816

32,197,328

680,775

4,330,944

37,209,047

2.140%

68,785,916

3.956

 

 

Total Voting Shares Outstanding                           1,738,746,257

                       

 

 

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
 
 
HOLLLFVTSAIFFIE