RNS Number : 9074I
THG Holdings PLC
16 December 2020
 

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 attachedii:

THG Holdings plc (Company No. 06539496)

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

Non-UK issuer

 

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 obligationiv

Name

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

 

Teachers Advisors, LLC on behalf of the funds

listed in Exhibit C.

 

City and country of registered office (if applicable)

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

 

Teachers Advisors, LLC - New York, 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 reachedvi:

11 December 2020

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

15 December 2020

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 issuervii

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

3.037%

0%

3.037%

970,646,554

Position of previous notification (if

applicable)

N/A

N/A

N/A

 

             

 

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

A: Voting rights attached to shares

Class/type of
shares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

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)

GB00BMTV7393

29,478,778

0

3.037%

0%

 

 

 

 

 

 

 

 

 

 

SUBTOTAL 8. A

29,478,778

3.037%

 

 

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

settlementxii

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) issuerxiii

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)

 

Namexv

% 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

The number and % of voting rights held

N/A

The date until which the voting rights will be held

N/A

 

11. Additional informationxvi

The College Retirement Equities Fund ("CREF") hereby informs you that on December 11, 2020, CREF bought 450,000 voting shares of THG Holdings plc bringing its holdings to 18,564,381 voting shares equivalent to a voting share ownership percentage of 1.913% of THG Holdings 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 of THG Holdings plc is 970,646,554.

 

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 10,914,397 voting shares of THG Holdings plc equivalent to a 1.124% voting share ownership percentage of THG Holdings 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.

 

A total of 29,478,778 or 3.037% of the outstanding voting shares of THG Holdings plc are owned, in aggregate, by CREF and affiliated accounts. Additionally, TCIM and TAL separately and independently vote all proxies for shares held in THG Holdings plc. We are aggregating the holdings in THG Holdings 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

15 December 2020

 


Exhibit A

TIAA-CREF

Summary of Holdings of THG Holdings plc

Between December 10, 2020 - December 11, 2020

 

 

TIAA-CREF Investment Management LLC ("CREF")

Teachers Advisors LLC

Aggregate Holdings

 

Global Equities Account

Stock Account

Total CREF Holdings

Total CREF %

TIAA-CREF Growth & Income Fund

TIAA-CREF International Equity Fund

TIAA-CREF International Opportunities Fund

TIAA-CREF Life Growth & Income Fund

TIAA-CREF Life International Equity Fund

TIAA-CREF Mid-Cap Growth Fund

Total Mutual Funds Holdings

Total Mutual Funds %

Total Holdings

Total %

Holdings as of December 10, 2020

                  13,312,821

                    4,801,560

                             18,114,381

1.866%

1,988,150

6,119,362

2,206,782

47,634

136,469

416,000

10,914,397

1.124%

29,028,778

2.991%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Transactions as of December 11, 2020

                                   -  

                        450,000

                                   450,000

0.046%

                         -  

                                   -  

                                    -  

                                    -  

                                    -  

                                    -  

                                    -  

0.000%

                 450,000

0.046%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Holdings as of December 11, 2020

                  13,312,821

                    5,251,560

                             18,564,381

1.913%

1,988,150

6,119,362

2,206,782

47,634

136,469

416,000

10,914,397

1.124%

29,478,778

3.037%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Voting Shares Outstanding

 970,646,554

 

Total Combined

Total Percentage

29,478,778

3.037%

 

 

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 *

·    Growth & Income Fund

·    International Equity Fund

·    International Opportunities Fund

·    Life Growth & Income Fund

·    Life International Equity Fund

·    Mid-Cap Growth Fund

 

*     Registered Investment Company

 

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