Hibernia REIT PLC Holding(s) in Company (9644P)

TIDMHBRN

RNS Number : 9644P

Hibernia REIT PLC

23 November 2016

Standard Form TR-1

Standard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant 
  issuer and to the Central Bank of Ireland)(i) 
------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the underlying issuer of 
  existing shares to which voting rights are attached(ii) 
  : 
  Hibernia REIT Plc 
------------------------------------------------------------------------------------- 
 2. Reason for the notification (please tick the appropriate 
  box or boxes): 
  [X ] An acquisition or disposal of voting rights 
  [ ] 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             City and country of registered 
  Management, LLC on                     office (if applicable): TIAA-CREF 
  behalf of the accounts                 Investment Management, LLC/ Teachers 
  referred to in Exhibit                 Advisors, LLC., 730 Third Avenue, 
  A and listed in Exhibit                New York, New York 10017-3206 USA 
  B, and Teachers Advisors, 
  LLC. on behalf of the 
  accounts referred to 
  in Exhibit A and listed 
  in Exhibit C. 
-------------------------------------  ---------------------------------------------- 
 4. Full name of shareholder(s) (if different from 3.)(v) 
  : Same as 3 
------------------------------------------------------------------------------------- 
 5. Date on which the threshold was crossed or reached(vi) 
  : 21 November 2016 
------------------------------------------------------------------------------------- 
 6. Date on which issuer notified: 23 November 2016 
------------------------------------------------------------------------------------- 
 7. Threshold(s) that is/are crossed or reached: 5% 
------------------------------------------------------------------------------------- 
 8. Total positions of person(s) subject to the notification 
  obligation: 35,003,253 
------------------------------------------------------------------------------------- 
                     % of voting        % of voting       Total of       Total number 
                      rights attached    rights through    both in %      of voting 
                      to shares          financial         (9.A + 9.B)    rights of 
                      (total of          instruments                      issuer(vii) 
                      9.A)               (total of 
                                         9.B.1 + 9.B.2) 
------------------  -----------------  ----------------  -------------  ------------- 
 Resulting 
  situation 
  on the date 
  on which 
  threshold 
  was crossed 
  or reached         35,003,253         5.107%            5.107% 
------------------  -----------------  ----------------  -------------  ------------- 
 Position 
  of previous 
  notification 
  (if applicable)    34,261,964         4.998%            4.998% 
------------------  -----------------  ----------------  -------------  ------------- 
 
 
 9. Notified details of the resulting situation on the 
  date on which the threshold was crossed or reached(viii) 
  : 
-------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
-------------------------------------------------------------------------------------------------------------- 
 Class/type            Number of voting rights(ix)         % of voting rights 
  of 
  shares 
  ISIN code 
  (if possible) 
-------------------- 
 
                              Direct           Indirect           Direct                    Indirect 
--------------------  -------------------  -------------  --------------------  ------------------------------ 
 IE00BGHQ1986          35,003,253           0.0            5.107%                0% 
--------------------  -------------------  -------------  --------------------  ------------------------------ 
 
 
 SUBTOTAL 
  A                    35,003,253                          5.107% 
--------------------  -------------------  -------------  --------------------  ------------------------------ 
 
 B 1: Financial Instruments according to Regulation 17(1)(a) 
  of the Regulations 
-------------------------------------------------------------------------------------------------------------- 
 Type of financial     Expiration           Exercise/      Number of voting                   % of voting 
  instrument            date(x)              Conversion     rights that                        rights 
                                             Period(xi)     may be acquired 
                                                            if the instrument 
                                                            is exercised/converted. 
--------------------  -------------------  -------------  ---------------------------------  ----------------- 
 N/A                   N/A                  N/A            N/A                                N/A 
--------------------  -------------------  -------------  ---------------------------------  ----------------- 
 
 
                                            SUBTOTAL B.1   N/A                                N/A 
                                           -------------  ---------------------------------  ----------------- 
 
 B 2: Financial Instruments with similar economic effect 
  according to Regulation 17(1)(b) of the Regulations 
-------------------------------------------------------------------------------------------------------------- 
 Type of               Expiration           Exercise/      Physical              Number       % of voting 
  financial             date(x)             Conversion     or cash               of voting     rights 
  instrument                                Period         settlement(xii)       rights 
                                            (xi) 
--------------------  -------------------  -------------  --------------------  -----------  ----------------- 
 
 
 
                                                           SUBTOTAL 
                                                            B.2 
                                                          --------------------  -----------  ----------------- 
 
 
 
    10. Information in relation to the person subject to 
     the notification obligation (please tick the applicable 
     box): 
 
     [ ] 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 
 
     The College Retirement Equities Fund ("CREF") hereby 
     informs you that on 21 November 2016 the total shares 
     owned of Hibernia REIT plc is 35,003,253. On 21 November 
     2016, the Global Equities Account bought 741,289 shares 
     representing 0.108% ownership, and that trade will settle 
     on 23 November 2016. CREF owns these shares through 
     two of its investment accounts, the Global Equities 
     Account and Stock Account bringing CREF's ownership 
     in your company to a 5.107% level. 
     Also, it is our understanding the total voting shares 
     outstanding of Hibernia REIT Plc is 685,451,875 bringing 
     the aggregated ownership of CREF in your company to 
     a 5.107%. 
     Please note that for this filing, the Active Extension 
     Fund III, LLC which rolls up to Teachers Advisors LLC, 
     no longer owns shares in Hibernia REIT Plc. 
     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. 
 
     Please see Exhibit A 
     http://www.rns-pdf.londonstockexchange.com/rns/9644P_-2016-11-23.pdf 
 Isors Name(xv)          % of voting       % of voting              Total of both 
                          rights if it      rights through           if it equals 
                          equals or is      financial instruments    or is higher 
                          higher than       if it equals             than the notifiable 
                          the notifiable    or is higher             threshold 
                          threshold         than the notifiable 
                                            threshold 
----------------------  ----------------  -----------------------  --------------------- 
 TIAA-CREF Investment 
  Management LLC.        5.107%            0.00%                    5.107% 
----------------------  ----------------  -----------------------  --------------------- 
 Teachers Advisors, 
  LLC                    0.00%             0.00%                    0.00% 
----------------------  ----------------  -----------------------  --------------------- 
 
 
 
 
 11. In case of proxy voting: [name of the proxy holder] 
  will cease to hold [% and number] voting rights as of 
  [date] TIAA-CREF Investment Management, LLC and Teachers 
  Advisors, LLC. will separately and independently vote 
  all proxies for shares held in Hibernia REIT Plc. 
---------------------------------------------------------------------------------------- 
 
 12. Additional information(xvi) : N/A 

---------------------------------------------------------------------------------------- 
 

Done at Dublin on 23 November, 2016.

 
 Annex: Notification of major holdings (only to be filed 
  with the Central Bank of Ireland and not with the relevant 
  issuer) 
 
 A: Identity of the person subject to the notification 
  obligation 
--------------------------------------------------------------- 
 Full name (including legal form for legal entities) 
  TIAA-CREF Investment Management, LLC on behalf of the 
  accounts referred to in Exhibit A and listed in Exhibit 
  B, and Teachers Advisors, LLC. on behalf of the accounts 
  referred to in Exhibit A and listed in Exhibit C. 
--------------------------------------------------------------- 
 Contact address (registered office for legal entities) 
  TIAA-CREF Investment Management, LLC, 730 Third Avenue, 
  New York, New York 10017-3206 USA 
  Teachers Advisors, LLC., 730 Third Avenue, New York, 
  New York 10017-3206 USA 
--------------------------------------------------------------- 
 E-Mail [e-mail] 
--------------------------------------------------------------- 
 Phone number / Fax number + 1-212-916-5818 
--------------------------------------------------------------- 
 Other useful information (at least legal a contact person 
  for legal persons) Terry Lin 
  Associate General Counsel 
--------------------------------------------------------------- 
 
 B: Identity of the notifier, if applicable 
--------------------------------------------------------------- 
 Full name Stuart R. Brunet 
--------------------------------------------------------------- 
 Contact address TIAA-CREF Investment Management, LLC/ 
  Teachers Advisors, LLC., 730 Third Avenue, New York, 
  New York 10017-3206 USA 
--------------------------------------------------------------- 
 E-Mail [e-mail] 
--------------------------------------------------------------- 
 Phone number / Fax number [phone] 
--------------------------------------------------------------- 
 Other useful information (e.g. functional relationship 
 with the person or legal entity subject to the notification 
 obligation) Director, Compliance Officer (TIAA-CREF 
 Investment Management, LLC / Chief Compliance Officer 
 (Teachers Advisors, LLC.) 
--------------------------------------------------------------- 
 
 C: Additional information: N/A 
--------------------------------------------------------------- 
 

Notes

(i) . Persons completing this form should have regard to the requirements of the Transparency (Directive 2004/109/EC) Regulations 2007 as amended (the "Regulations"), the Central Bank of Ireland's Transparency Rules (the "Transparency Rules") and Commission Delegated Regulation (EU) 2015/761 of 17 December 2014.

(ii) Full name of the legal entity and other identifying specification of the issuer or underlying issuer, provided it is reliable and accurate (e.g. address, LEI, domestic number identity).

(iii) Other reason for the notification could be voluntary notifications, changes of attribution of the nature of the holding (e.g. expiring of financial instruments) or acting in concert.

(iv) This should be the full name of (a) the shareholder; (b) the natural person or legal entity acquiring, disposing of or exercising voting rights in the cases provided for in Regulation 15(b) to (h) of the Regulations (Article 10 (b) to (h) of Directive 2004/109/EC); or (c) the holder of financial instruments referred to in Regulation 17(1) of the Regulations (Article 13(1) of Directive 2004/109/EC).

As the disclosure of cases of acting in concert may vary due to the specific circumstances (e.g. same or different total positions of the parties, entering or exiting of acting in concert by a single party) the standard form does not provide for a specific method how to notify cases of acting in concert.

In relation to the transactions referred to in points (b) to (h) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the following list is provided as an indication of the persons who should be mentioned:

- in the circumstances foreseen in letter (b) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the natural person or legal entity that acquires the voting rights and is entitled to exercise them under the agreement and the natural person or legal entity who is transferring temporarily for consideration the voting rights;

- in the circumstances foreseen in letter (c) of the Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the natural person or legal entity holding the collateral, provided the person or entity controls the voting rights and declares its intention of exercising them, and natural person or legal entity lodging the collateral under these conditions;

- in the circumstances foreseen in letter (d) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the natural person or legal entity who has a life interest in shares if that person or entity is entitled to exercise the voting rights attached to the shares and the natural person or legal entity who is disposing of the voting rights when the life interest is created;

- in the circumstances foreseen in letter (e) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the controlling natural person or legal entity and, provided it has a notification duty at an individual level under Regulation 14 of the Regulations (Article 9 of Directive 2004/109/EC), under letters (a) to (d) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC) or under a combination of any of those situations, the controlled undertaking;

- in the circumstances foreseen in letter (f) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the deposit taker of the shares, if he can exercise the voting rights attached to the shares deposited with him at his discretion, and the depositor of the shares allowing the deposit taker to exercise the voting rights at his discretion;

- in the circumstances foreseen in letter (g) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the natural person or legal entity that controls the voting rights;

- in the circumstances foreseen in letter (h) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the proxy holder, if he can exercise the voting rights at his discretion, and the shareholder who has given his proxy to the proxy holder allowing the latter to exercise the voting rights at his discretion (e.g. management companies).

(v) Applicable in the cases provided for in Regulation 15(b) to (h) of the Regulations (Article 10 (b) to (h) of Directive 2004/109/EC). This should be the full name of the shareholder who is the counterparty to the natural person or legal entity referred to in Regulation 15 of the Regulations (Article 10 Directive 2004/109/EC) unless the percentage of voting rights held by the shareholder is lower than the lowest notifiable threshold for the disclosure of voting rights holdings in accordance with the requirements of the Regulations and the Transparency Rules.

(vi) The date on which threshold is crossed or reached should be the date on which the acquisition or disposal took place or the other reason triggered the notification obligation. For passive crossings, the date when the corporate event took effect.

(vii) The total number of voting rights shall be composed of all the shares, including depository receipts representing shares, to which voting rights are attached even if the exercise thereof is suspended.

(viii) If the holding has fallen below the lowest applicable threshold in accordance with the Regulations and the Transparency Rules the holder is not obliged to disclose the extent of the holding only that the holding is "below 3%" or "below 5%" as appropriate.

(ix) In case of combined holdings of shares with voting rights attached "direct holding" and voting rights "indirect holding", please split the voting rights number and percentage into the direct and indirect columns - if there is no combined holdings, please leave the relevant box blank.

(x) Date of maturity/expiration of the financial instrument i.e. the date when right to acquire shares ends.

(xi) If the financial instrument has such a period - please specify this period - for example once every 3 months starting from [date].

(xii) In case of cash settled instruments the number and percentages of voting rights is to be presented on a delta-adjusted basis (Regulation 17(4) of the Regulations/Article 13(1a) of Directive 2004/109/EC).

(xiii) If the person subject to the notification obligation is either controlled and/or does control another undertaking then the second option applies.

(xiv) The full chain of controlled undertakings, starting with the ultimate controlling natural person or legal entity, has to be presented also in cases in which only on subsidiary level a threshold is crossed or reached and the subsidiary undertaking discloses the notification, as only thus will the markets get a full picture of the group holdings. In the case of multiple chains through which the voting rights and/or financial instruments are effectively held, the chains have to be presented chain by chain leaving a row free between different chains (e.g.: A, B, C, free row, A, B, D, free row, A, E, F etc.).

(xv) The names of controlled undertakings through which the voting rights and/or financial instruments are effectively held have to be presented irrespective of whether the controlled undertakings cross or reach the lowest applicable threshold themselves.

(xvi) Example: Correction of a previous notification.

This information is provided by RNS

The company news service from the London Stock Exchange

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November 23, 2016 08:06 ET (13:06 GMT)