RNS Number : 7397B
Man Group plc
20 June 2016
 

 

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 referred to in Exhibit B

Teachers Advisors, Inc. on behalf of the funds referred to 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:

 

15 June 2016

6. Date on which issuer notified:

 

17 June 2016

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

 

3%

 

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

53,879,252

53,879,252

50,879,252

50,879,252

0

2.987%

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

50,879,252

2.987%

 

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 June 15, 2016 we sold 616,686 shares of Man Group plc bringing the total shares owned by CREF to 30,705,884 shares 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 1,703,111,700  bringing CREF's ownership in Man Group plc to a 1.803% 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 June 15, 2016 sold 2,383,314 shares in Man Group plc, bringing the total number of shares own by affiliates of CREF to 20,173,368 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. This disposal of shares brings the total number of shares owned by affiliates of CREF in Man Group plc to 20,173,368 shares or to a 1.185% level.  The number of shares in Man Group plc owned by the affiliates of CREF, aggregated with those owned by CREF, is a total of 50,879,252 or 2.987% of the outstanding voting shares of Man Group plc. Because Teachers Advisors, Inc. and TIAA-CREF Investment Management, LLC follow the same policies when voting these funds, we are aggregating their holdings.

 

(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 June 14, 2016 - June 15, 2016

 

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 June 14, 2016

6,800,024

24,522,546

31,322,570

1.839%

17,756,152

303,893

4,496,637

22,556,682

1.324%

53,879,252

3.164%













Transactions as of June 15, 2016

-

(616,686)

(616,686)

-0.036%

(2,349,714)

(33,600)

-

(2,383,314)

-0.140%

(3,000,000)

-0.176%













Holdings as of June 15, 2016

6,800,024

23,905,860

30,705,884

1.803%

15,406,438

270,293

4,496,637

20,173,368

1.185%

50,879,252

2.987%

 

 

Total Voting Shares Outstanding                     1,703,111,700

                       

 

 

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
 
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