Share Name Share Symbol Market Type Share ISIN Share Description
Fevertree Drinks Plc LSE:FEVR London Ordinary Share GB00BRJ9BJ26 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -63.00 -5.45% 1,092.00 1,099.50 1,102.00 1,187.50 1,098.00 1,136.50 1,104,720 16:35:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Beverages 237.4 75.6 53.4 20.5 1,268

Fevertree Drinks PLC TR-1: Notification of major holdings

22/01/2020 4:35pm

UK Regulatory (RNS & others)


TIDMFEVR

RNS Number : 6366A

Fevertree Drinks PLC

22 January 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                            Fevertree Drinks plc (Company No. 
  underlying issuer of existing shares                         08415302) 
  to which voting rights are attached(ii) 
  : 
                                                             ---------------------------------------------- 
 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 funds 
                                                               listed in Exhibit C. 
 City and country of registered office                        TIAA-CREF Investment Management, 
  (if applicable)                                              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                        See Number 3. 
  (if applicable) 
                                                             ---------------------------------------------- 
 5. Date on which the threshold was                           21 January 2020 
  crossed or reached(vi) : 
                                                             ---------------------------------------------- 
 6. Date on which issuer notified (DD/MM/YYYY):               22 January 2020 
                                                             ---------------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                              % of voting       % of voting rights     Total of both    Total number 
                            rights attached      through financial       in % (8.A +     of voting rights 
                            to shares (total        instruments             8.B)         of issuer(vii) 
                                of 8. A)           (total of 8.B 
                                                     1 + 8.B 2) 
                          ------------------  ----------------------  ---------------  -------------------- 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached                    2.794%                  0%                 2.794%           116,127,158 
                          ------------------  ----------------------  ---------------  -------------------- 
 Position of 
  previous notification 
  (if 
  applicable)                   3.171%                  0%                 3.171% 
                          ------------------  ----------------------  ---------------  -------------------- 
 
 
 
 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 
 Class/type of      Number of voting rights(ix)                              % of voting rights 
  shares 
  ISIN code (if 
  possible) 
                            Direct                      Indirect                      Direct                  Indirect 
                      (Art 9 of Directive         (Art 10 of Directive          (Art 9 of Directive     (Art 10 of Directive 
                          2004/109/EC)                2004/109/EC)             2004/109/EC) (DTR5.1)        2004/109/EC) 
                            (DTR5.1)                   (DTR5.2.1)                                            (DTR5.2.1) 
                                             ----------------------------- 
 GB00BRJ9BJ26              3,244,256                       0                          2.794%                     0% 
                   ------------------------  -----------------------------  -------------------------  --------------------- 
 
 
 SUBTOTAL 8. A                            3,244,256                                              2.794% 
                   -------------------------------------------------------  ------------------------------------------------ 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
 Type of            Expiration   Exercise/                            Number of voting                  % of voting 
  financial          date(x)      Conversion Period(xi)                rights that may                   rights 
  instrument                                                           be acquired if 
                                                                       the instrument 
                                                                       is 
                                                                       exercised/converted. 
                   -----------  -----------------------------------  --------------------------------  --------------------- 
       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       Expiration        Exercise/               Physical or              Number of             % of voting 
  financial     date(x)           Conversion              cash                     voting rights         rights 
  instrument                      Period (xi)             settlement(xii) 
              ----------------  ----------------------  -----------------------  -------------------- 
     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                                    X 
  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) 
 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          % of voting rights          Total of both if 
                            if it equals or            through financial           it equals or is 
                           is higher than the          instruments if it           higher than the 
                          notifiable threshold        equals or is higher        notifiable threshold 
                                                      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                                         N/A 
  held 
                                                  ---------------------------------------------------- 
 The date until which the voting rights                                    N/A 
  will be held 
                                                  ---------------------------------------------------- 
 
 11. Additional information(xvi) 
            The College Retirement Equities Fund ("CREF") hereby informs you that 
             on January 21, 2020, CREF sold 346,000 voting shares of Fevertree Drinks 
             plc bringing its holdings to 2,796,633 voting shares equivalent to a 
             voting share ownership percentage of 2.408% of Fevertree Drinks plc. 
             CREF owns these shares through three of its investment accounts: the 
             Stock Account, the Global Equities Account, and the Growth Account. It 
             is our understanding the total voting shares outstanding of Fevertree 
             Drinks plc is 116,127,158. 
 
             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 21, 2020 TAL held 447,623 
             shares of Fevertree Drinks plc equivalent to a voting share ownership 
             percentage of 0.385% held through the separate accounts that it advises. 
 
             A total of 3,244,256 or 2.794% of the outstanding voting shares of Fevertree 
             Drinks plc are owned, in aggregate, by CREF and affiliated accounts. 
             Additionally, TCIM and TAL separately and independently vote all proxies 
             for shares held in Fevertree Drinks Plc. We are aggregating the holdings 
             in Fevertree Drinks 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    22 January 2020 
                      -------------------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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