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Keywords Studios PLC (KWS)

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Monday 18 January, 2021

Keywords Studios PLC

Holding(s) in Company

RNS Number : 0625M
Keywords Studios PLC
18 January 2021
 

TR-1: Standard form for notification of major holdings

 

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i

 

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

Keywords Studios plc (Company No. 08548351)

1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)

Non-UK issuer

 

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

X

An acquisition or disposal of financial instruments

 

An event changing the breakdown of voting rights

 

Other (please specify)iii:

 

3. Details of person subject to the notification obligation iv

Name

TIAA-CREF Investment Management, LLC on behalf of the accounts listed in Exhibit B.

 

Teachers Advisors, LLC on behalf of the fund

listed in Exhibit C.

 

Nuveen Asset Management, LLC on behalf of the account listed in Exhibit D.

 

City and country of registered office (if applicable)

TIAA-CREF Investment Management, LLC - New York, USA

 

Teachers Advisors, LLC. - New York, USA

 

Nuveen Asset Management, LLC. - Chicago, USA

4. Full name of shareholder(s) (if different from 3.) v

Name

See Number 3.

City and country of registered office (if applicable)

See Number 3.

5. Date on which the threshold was crossed or reached vi :

14 January 2021

6. Date on which issuer notified (DD/MM/YYYY):

18 January 2021

7. Total positions of person(s) subject to the notification obligation

 

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuer vii

Resulting situation on the date on which threshold was crossed or reached

2.990%

0%

2.990%

 74,386,840

Position of previous notification (if

applicable)

3.002%

0%

3.002%

 

             

 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii

A: Voting rights attached to shares

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

GB00BBQ38507

2,224,194

0%

2.990%

0%

 

 

 

 

 

 

 

 

 

 

SUBTOTAL 8. A

2,224,194

2.990%

 

 

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

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

 

 

 

 

 

 

 

 

 

 

 

 

SUBTOTAL 8. B 1

N/A

N/A

 

 

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Physical or cash

settlement xii

Number of voting rights

% of voting rights

N/A

N/A

N/A

N/A

N/A

N/A

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SUBTOTAL 8.B.2

N/A

N/A

 

 

 

                   

 

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii

X

Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity
xiv (please add additional rows as necessary)

 

Name xv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10. In case of proxy voting, please identify:

Name of the proxy holder

TIAA-CREF Investment Management, LLC/ Teachers Advisors, LLC/ Nuveen Asset Management, LLC

The number and % of voting rights held

N/A

The date until which the voting rights will be held

N/A

 

11. Additional information xvi

 

  The College Retirement Equities Fund ("CREF") hereby informs you that as of January 14, 2021, CREF owns 1,051,357 voting shares of Keywords Studios plc equivalent to a 1.413% voting share ownership percentage of Keywords Studios plc .  CREF owns these shares through two of its investment accounts: the Global Equities Account and the Stock Account.  It is our understanding the total voting shares outstanding is 74,386,840.

 

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 ("TCIM"), an SEC registered investment adviser.

 

  Additionally, a fund managed by an affiliate of CREF, Teachers Advisors, LLC ("TAL"), owns 610,422 voting shares of Keywords Studios plc equivalent to a 0.821% voting share ownership percentage of Keywords Studios plc. These holdings are owned by mutual funds which are investment portfolios of the TIAA-CREF Funds or the TIAA-CREF Life Funds (collectively, the "Funds").  The Funds are SEC registered investment companies and the Funds are managed by Teachers Advisors, LLC ("TAL"), an SEC registered investment adviser that is affiliated with TCIM.

 

  In addition, Nuveen Asset Management, LLC ("NAM"), an affiliate of CREF, sold 84,830 shares on 14 January, 2021 bringing its ownership to 562,415 voting shares of Keywords Studios plc, equivalent to a 0.756% voting share ownership percentage of Keywords Studios plc held through the separate accounts that it advises.

 

A total of 2,224,194 voting shares or 2.990% of the outstanding voting shares of Keywords Studios plc are owned, in aggregate, by CREF and these affiliated funds and accounts. TAL and TCIM follow the same policies when voting on behalf of CREF and the Funds. Additionally, each of TAL, TCIM and NAM separately and independently vote all proxies for shares held in Keywords Studios plc. We are therefore aggregating the holdings in Keywords Studios plc as requested by the current FCA Disclosure and Transparency Rules for purposes of this form.

 

 

(See Exhibit A)

 

         

 

Place of completion

TIAA-CREF Investment Management, LLC, 730 Third Avenue, New York, New York 10017-3206 USA

Date of completion

18 January 2021

Exhibit A

 

EXHIBIT A.

 

 

 

 

 

 

 

 

 

 

 

 

TIAA-CREF

Summary of Holdings of Keywords Studios plc

Between January 13, 2021 - January 14, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TIAA-CREF Investment Management LLC  ("CREF")

Teachers Advisors LLC

TCIM & TAL Aggregate Holdings

 

 

 

 

 

Global Equities Account

Stock Account

Total CREF Holdings

Total CREF %

TIAA-CREF International Opportunities Fund

Total Mutual Funds %

Total Holdings

Total %

 

 

 

 

Holdings as of January 13, 2021

  509,386

  614,361

  1,123,747

1.511%

610,422

0.821%

1,734,169

2.331%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Transactions as of January 14, 2021

 

   (72,390)

  (72,390)

-0.097%

  - 

0.000%

  (72,390)

-0.097%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Holdings as of January 14, 2021

   509,386

  541,971

  1,051,357

1.413%

610,422

0.821%

1,661,779

2.234%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Voting Shares Outstanding January 14, 2021

  74,386,840

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nuveen Asset Management, LLC (NAM)

 

 

 

 

 

 

 

 

 

 

NAM

Total NAM Holdings

Total NAM%

 

 

 

 

 

 

 

 

 

Holdings as of January 13, 2021

  647,245

  647,245

0.870%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Transactions as of January 14, 2021

  (84,830)

  (84,830)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Holdings as of January 14, 2021

  562,415

  562,415

0.756%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Combined as of January 14, 2021

Percentage Held

 

 

 

 

 

 

 

 

 

 

 

  2,224,194

2.990%

 

 

 

 

 

 

 

 

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, LLC

 

TIAA-CREF Funds *

· International Opportunities Fund

 

*  Registered Investment Company

 

Exhibit D

 

· Nuveen Asset Management, LLC*

 

*  Registered Investment Adviser.

 

 

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