Holding(s) in Company

Holding(s) in Company

Tate & Lyle PLC

TR-1: Notifications of Major Interests in Shares    

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

     

 

TATE & LYLE PLC

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

     

X

An acquisition or disposal of 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 notification obligation:

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):

See Number 3

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

05 October 2012

6. Date on which issuer notified:

08 October 2012

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 use ISIN code

  Situation previous to the triggering transaction   Resulting situation after the triggering transaction
Number of shares   Number of voting rights Number of shares

 

Direct

  Number of voting rights       Percentage of voting rights

Direct

     

Indirect

Direct

     

Indirect

GB0008754136

18,349,408

18,349,408

18,849,408

18,849,408

0

4.044%

0%

 
B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument   Expiration date   Exercise/ conversion period No. of voting rights that may be acquired (if the instrument exercised/converted)       Percentage 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   No. of voting rights instrument refers to       Percentage of voting rights
Nominal       Delta
N/A N/A N/A N/A N/A N/A N/A
         
Total (A+B+C)
Number of voting rights Percentage of voting rights
18,849,408 4.044%
 
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 that on October 5, 2012, CREF bought 119,556 shares of Tate & Lyle PLC, bringing its total holdings in your company to 5,522,175 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 is 466,130,026 bringing CREF’s ownership in your company to a 1.185% 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 own 13,327,233 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 one of the TIAA-CREF Active Extension Funds (“Active Extension Unregistered Funds”). The Funds, Life Funds and Active Extension Unregistered 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 18,849,408 shares or 4.044% 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 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: 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 October 4, 2012 - October 5, 2012
  TIAA-CREF Investment Management LLC ("CREF")
Global Equities Account   Stock Account   Social Choice Account   Total CREF Holdings   Total CREF %
Holdings as of October 4, 2012 22,587 5,367,486 12,546 5,402,619 1.159%
         
Transactions as of October 5, 2012 - 119,556 - 119,556 0.026%
         
Holdings as of October 5, 2012 22,587 5,487,042 12,546 5,522,175 1.185%
  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   Active Extension Fund I   Total Mutual Funds Holdings   Total Mutual Funds %
Holdings as of October 4, 2012 12,297,341 320,333 154,553 155,926 18,636 12,946,789 2.778%
             
Transactions as of October 5, 2012 370,628 9,816 - - - 380,444 0.082%
             
Holdings as of October 5, 2012 12,667,969 330,149 154,553 155,926 18,636 13,327,233 2.859%
  Aggregate Holding
Total Holdings   Total %
Holdings as of October 4, 2012 18,349,408 3.937%
   
Transactions as of October 5, 2012 500,000 0.107%
   
Holdings as of October 5, 2012 18,849,408 4.044%

Total Voting Shares Outstanding 466,130,026

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 Fund

TIAA-CREF Life Funds *

  • Life International Equity Fund

TIAA-CREF Active Extension Funds

  • Active Extension Portfolio I

* Registered Investment Company

Companies

Tate & Lyle (TATE)
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