Holding(s) in Company For filings with the FCA include

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News Desk 2018
Holding(s) in Company
For filings with the FCA include the annex  
For filings with issuer exclude the annex  
 
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
   
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii The Weir Group Plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached  
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments  
An event changing the breakdown of voting rights  
Other (please specify):    
3. Full name of person(s) subject to the notification obligation: iii 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   Nuveen Investments, Inc. on behalf of the equities referred to in Exhibit A  
4. Full name of shareholder(s)  (if different from 3.):iv See Number 3
5. Date of the transaction and date on which the threshold is crossed or reached: v 30 November 2016
6. Date on which issuer notified: 01 December 2016
7. Threshold(s) that is/are crossed or reached: vi, vii 3%
      
8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of shares if possible using the ISIN CODE Situation previous to the triggering transaction Resulting situation after the triggering transaction
Number of Shares Number of Voting Rights Number of shares Number of voting rights % of  voting rights x
Direct Direct xi Indirect xii Direct Indirect
GB0009465807 6,644,753 6,644,753 5,677,476 5,677,476 0 2.607% 0%
 
US94876Q2057   (ADRs in relation to Ordinary Shares with ISIN GB0009465807) 2,609 1,304.5 2,577 1,288.5 0 .001% 0%
               
 
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument Expiration date xiii Exercise/ Conversion Period xiv 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
 
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument Exercise price Expiration date xvii Exercise/ Conversion period xviii Number of voting rights instrument refers to   % of voting rights xix, xx  
N/A N/A N/A N/A N/A   Nominal Delta
N/A N/A
 
Total (A+B+C)
Number of voting rights Percentage of voting rights
5,678,764.5 2.608%
                    
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
The College Retirement Equities Fund ("CREF") hereby informs you that on November 30, 2016 CREF bought 2,580 shares of The Weir Group Plc bringing its share ownership to 1,911,135.  CREF owns these shares through two of its investment accounts, the Global Equities Account and CREF Stock Account.  It is our understanding the total voting shares outstanding of The Weir Group Plc is 217,738,348 bringing CREF's ownership in The Weir Group Plc to a 0.878%  level.   Additionally, affiliates of CREF on November 30, 2016 sold 969,857 shares of The Weir Group Plc. These shares are owned by the TIAA-CREF Funds ("Funds") and the TIAA-CREF Life Funds ("Life Funds"), each of which is a U.S.-based SEC registered investment company that is managed by Teachers Advisors, LLC. ("TAI"), an SEC registered investment adviser.  TAI is affiliated with TCIM and both are indirect, wholly-owned subsidiaries of Teachers Insurance and Annuity Association of America ("TIAA"), a New York insurance company. In addition, Nuveen Investments, Inc. ("NII") sold 32 ADR's on November 30, 2016  bringing the total ADR's owned to 2,577 correlating to 1,288.5 ordinary shares in The Weir Group Plc (We note that one ADR equals .5 ordinary shares). The combined TIAA-Nuveen enterprise now has aggregated holdings of 5,678,764.5 shares or 2.608% of the issued and outstanding voting shares in The Weir Group Plc.    Each of TCIM, TAI and NII are aggregating their holdings in The Weir Group Plc as required by current FCA Disclosure and Transparency Rules.  However, each of TCIM, TAI and NII separately and independently vote all proxies for shares held in The Weir Group Plc.      (See Exhibit A)  
 
Proxy Voting:
10. Name of the proxy holder: TIAA-CREF Investment Management, LLC/ Teachers Advisors, LLC. / Nuveen Investments, Inc.
11. Number of voting rights proxy holder will cease to hold: N/A
12. Date on which proxy holder will cease to hold voting rights: N/A
 
13. Additional information: None
14. Contact name: Stuart R. Brunet
15. Contact telephone number: +1-415-882-3711
   
EXHIBIT A.         
TIAA-CREF    
Summary of Holdings of Weir Group Plc/The    
Between November 29, 2016 - November 30, 2016    
            
  TIAA-CREF Investment Management LLC ("CREF") Teachers Advisors, LLC. Aggregate Holding
  Global Equities Account Stock Account Total CREF Holdings Total CREF % TIAA- CREF Inter- national Equity Fund TIAA- CREF Life Inter- national Equity Fund TIAA- CREF Intl Equity Index Fund Total Mutual Funds  Holdings Total Mutual Funds % Total Holdings Total %
Holdings as of November 29, 2016 14,586 1,893,969 1,908,555 0.877% 4,505,029 94,195 136,974 4,736,198 2.175% 6,644,753 3.052%
            
Transactions as of November 30, 2016 - 2,580 2,580 0.001% (956,320) (15,798) 2,261 (969,857) -0.445% (967,277) -0.444%
            
Holdings as of November 30, 2016 14,586 1,896,549 1,911,135 0.878% 3,548,709 78,397 139,235 3,766,341 1.730% 5,677,476 2.607%
            
            
Total Voting Shares Outstanding 217,738,348           
            
            
       
       
ADR Nuveen Investments, Inc (NII)   
  Nuveen Investments, Inc Total Nuveen Converted 1 ADR=.5 ORD Total Nuveen % Total Combined Holdings  Combined Percentage
Holdings as of November 29, 2016 2,609 2,609 1,304.5 0.001% 6,646,057.5 3.052%
       
Transactions as of November 30, 2016 -32   16.0    
       
Holdings as of November 30, 2016 2,577 2,577 1,288.5 0.001% 5,678,764.5 2.608%
       
       
       
      Total Combined Total Percentage
      5,678,764.5 2.608%

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 *

  • International Equity Fund
  • International Equity Index Fund

TIAA-CREF Life Funds *

  • Life International Equity Fund

*     Registered Investment Company

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