Travis Perkins: TR1 Notification of Major Share Interest
January 02, 2019 at 04:39 pm
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The College Retirement Equities Fund ('CREF') hereby informs you on December 21, 2018 funds managed by an affiliate of CREF sold 686,817 sharesof Travis Perkins Plc bringing its total ownership to 7,721,793 or 3.062% of Travis Perkins 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'), anSEC registered investment adviser that is affiliated with TCIM. It is our understanding the total voting shares outstanding of Travis Perkins Plc is 252,143,923 bringing TAL's voting share ownership in Travis Perkins Plc to a 3.062% level.
Additionally, on December 21, 2018, CREF owned2,123,096 sharesof Travis Perkins Plc or 0.836% of Travis Perkins Plc. CREF owns these shares through oneof its investment accounts: the Stock Account.
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'), anSEC registered investment adviser.
A total of 9,844,889 or 3.904% of the outstanding voting shares of Travis Perkins 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, TAL and TCIMseparately and independently vote all proxies for shares held in Travis Perkins Plc. We are therefore aggregating the holdings in Travis Perkins Plc as requested by the current FCA Disclosure and Transparency Rules for purposes of this form.
(See Exhibit A)
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Travis Perkins plc published this content on 02 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 02 January 2019 16:38:07 UTC
Travis Perkins plc is a distributor of building materials in the United Kingdom. Its Merchanting segment includes brands, such as Travis Perkins, BSS, Keyline, and CCF. Travis Perkins is a general merchant, offering a destination for heavy side products, complemented by light side convenience. BSS supplies commercial and industrial heating and cooling solutions, supplying specialist contractors with a variety of products from 69 branches and two distribution centers. CCF distributes insulation and interior building products from 36 branches to contractors throughout Great Britain. Keyline supports housebuilders, groundworkers and infrastructure contractors to build and redevelop facilities. Its Toolstation segment is a supplier of a range of products to trade, do-it-yourself customers. Toolstation operates from 570 branches across Great Britain and is growing in the Netherlands, Belgium and France. Its product mix includes plumbing and heating, heavy side, light side, and timber.