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, on January 24, 2018 funds managed by an affiliate of CREF sold 327,388 shares of Travis Perkins Plc. This brings the total ownership of these affiliated funds to 8,045,774 voting shares or 3.193% 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'), an SEC registered investment adviser that is affiliated with TCIM.
In addition, Nuveen Asset Management, LLC ('NAM'), is an SEC registered investment adviser that is affiliated with TCIM and TAL, on January 24, 2018, NAM did not sell any shares of Travis Perkins Plc and so its share ownership remains at 1,708 voting shares or 0.001% of Travis Perkins Plc held through the separate accounts that it advises.
A total of 9,874,450 or 3.919% 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, each of TAL, TCIM and NAM separately 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)
Travis Perkins plc published this content on 29 January 2018 and is solely responsible for the information contained herein.
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