Holding(s) in Company

Holding(s) in Company

Tate & Lyle PLC

   
 
 
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
     
1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached: 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 the
notification 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 on
which the threshold is crossed or
reached: v
8 May 2013
6. Date on which issuer notified: 9 May 2013
7. Threshold(s) that is/are crossed or
reached: vi, vii
4%
8. Notified details:
A: Voting rights attached to shares viii, ix
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 x
Direct Direct xi   Indirect xii Direct   Indirect
GB0008754136 18,747,903 18,747,903 18,509,969 18,509,969 0 3.969% 0%
 
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial
instrument
  Expiration
date xiii
  Exercise/
Conversion Period xiv
  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 xv, xvi
Resulting situation after the triggering transaction
Type of financial
instrument
  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
18,509,969 3.969%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi

The College Retirement Equities Fund (“CREF”) sold 3,048 shares on May 8, 2013 bring the holdings to 5,638,689 shares of Tate & Lyle PLC. 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 466,351,887 bringing CREF’s ownership in your company to a 1.209% 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 May 8, 2013 sold 242,262 shares of Tate & Lyle PLC. Bringing the shares owned to 12,871,280 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 18,509,969 shares or 3.969% 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 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 March 27, 2013 – March 28, 2013
  TIAA-CREF Investment Management LLC ("CREF")
Global Equities Account   Stock Account   Social Choice Account   Total CREF Holdings   Total CREF %
Holdings as of May 7, 2013 447,779 5,181,412 12,546 5,641,737 1.210%
         
Transactions as of May 8, 2013 - (3,048) - (3,048) -0.001%
         
Holdings as of May 8, 2013 447,779 5,178,364 12,546 5,638,689 1.209%
  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 May 7, 2013 12,407,753 325,471 177,907 185,012 10,023 13,106,166 2.810%
             
Transactions as of May 8, 2013 (236,137) (6,125) - 7,376 - (234,886) -0.050%
             
Holdings as of May 8, 2013 12,171,616 319,346 177,907 192,388 10,023 12,871,280 2.760%
  Aggregate Holding
Total Holdings   Total %
Holdings as of May 7, 2013 18,747,903 4.020%
   
Transactions as of May 8, 2013 (237,934) -0.051%
   
Holdings as of May 8, 2013 18,509,969 3.969%

Total Voting Shares Outstanding 466,351,887

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 Fund I, LLC

* Registered Investment Company

Companies

Tate & Lyle (TATE)
UK 100

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