Standard form for notification of major holdings
Source: RNS
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB00BRJ9BJ26
Issuer Name
FEVERTREE DRINKS PLC
UK or Non-UK Issuer
UK
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
Name
Teachers Insurance and Annuity Association of America
City of registered office (if applicable)
New York
Country of registered office (if applicable)
USA
4. Details of the shareholder
|
Name |
City of registered office |
Country of registered office |
|
TIAA-CREF Investment Management, LLC |
New York |
USA |
|
Teachers Advisers, LLC |
New York |
USA |
5. Date on which the threshold was crossed or reached
13-Jan-2023
6. Date on which Issuer notified
16-Jan-2023
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 held in issuer |
|
|
Resulting situation on the date on which threshold was crossed or reached |
2.998000 |
0.000000 |
2.998000 |
3494204 |
|
Position of previous notification (if applicable) |
3.026000 |
0.000000 |
3.026000 |
3526749 |
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
|
Class/Type of shares ISIN code(if possible) |
Number of direct voting rights (DTR5.1) |
Number of indirect voting rights (DTR5.2.1) |
% of direct voting rights (DTR5.1) |
% of indirect voting rights (DTR5.2.1) |
|
GB00BG382L74 |
0 |
3494204 |
0.000000 |
2.998000 |
|
Sub Total 8.A |
3494204 |
2.998000% |
||
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
|
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 |
|
|
|
|
|
|
|
Sub Total 8.B1 |
|
|
|
|
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
|
Type of financial instrument |
Expiration date |
Exercise/conversion period |
Physical or cash settlement |
Number of voting rights |
% of voting rights |
|
|
|
|
|
|
|
|
Sub Total 8.B2 |
|
|
|
||
9. Information in relation to the person subject to the notification obligation
2. 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 entities (please add additional rows as necessary)
|
Ultimate controlling person |
Name of controlled undertaking |
% 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 |
|
Teachers Insurance and Annuity Association of America |
Nuveen, LLC |
2.998000 |
0.000000 |
2.998000% |
|
Teachers Insurance and Annuity Association of America |
TIAA-CREF Investment Management, LLC |
2.032000 |
0.000000 |
2.032000% |
|
Teachers Insurance and Annuity Association of America |
TIAA-CREF Investment Management, LLC |
2.032000 |
0.000000 |
2.032000% |
|
Teachers Insurance and Annuity Association of America |
Nuveen Finance, LLC |
0.965000 |
0.000000 |
0.965000% |
|
Teachers Insurance and Annuity Association of America |
Teachers Advisers, LLC |
0.965000 |
0.000000 |
0.965000% |
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
The College Retirement Equities Fund ("CREF") hereby informs you that on January 13, 2023, CREF sold 2,019 voting shares of Fevertree Drinks plc bringing its holdings to 2,368,824 voting shares equivalent to a voting share owner-ship percentage of 2.032% of Fevertree Drinks plc. CREF owns these shares through two of its investment accounts: the Stock Account and the Global Equities Account. It is our understanding the total voting shares outstanding of Fevertree Drinks plc is 116,563,677.
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.
In addition, Teachers Advisors, LLC ("TAL"), is an SEC registered investment adviser that is affiliated with TCIM. On January 13, 2023, TAL sold 4,125 voting shares of Fevertree Drinks plc bringing its holdings to 1,125,380 voting shares equivalent to a voting share ownership percentage of 0.965% held through the separate accounts that it advises.
A total of 3,494,204 voting shares or 2.998% of the outstanding voting shares of Fevertree Drinks 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 and TCIM separately and independently vote all proxies for shares held in Fevertree Drinks plc. We are therefore aggregating the holdings in Fevertree Drinks plc as requested by the current FCA Disclosure and Transparency Rules for purposes of this form.
12. Date of Completion
13. Place Of Completion
TIAA-CREF Investment Management, LLC, 730 Third Avenue, New York, New York 10017-3206 USA
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