Wienerberger AG: Change in Wienerberger's Shareholder Structure
Wien
(pta034/05.04.2016/18:30 UTC+2)
The Teachers Insurance and Annuity Association of America (TIAA), which is based in the USA, holds less than 4% of Wienerberger stock
Wienerberger AG received an announcement in accordance with Sec. 91 seq. of the Austrian Stock Exchange Act from the US-based College Retirement Equities Fund ("CREF"), the Active Extension Fund V - Analyst Market Neutral, LLC ("AEF-V"), the US-based Teachers Insurance and Annuity Association of America ("TIAA"), the US-based Teachers Advisors, Inc., the US-based TIAA-CREF Asset Management LLC, the US-based TIAA Global Asset Management LLC and the US-based TIAA-CREF Investment Management, LLC about the following changes in holdings of Wienerberger stock:
1. On March 29, 2016, CREF sold 107,938 shares/voting rights of Wienerberger AG, reducing its total holdings in Wienerberger AG to 4,605,341 shares/voting rights. By selling the 107,938 shares/voting rights of Wienerberger AG, CREF has therefore as of March 29, 2016 fallen below the 4% voting rights threshold.
2. AEF-V owns 11,729 shares (equal to 11,729 voting rights) of Wienerberger AG. AEF-V is wholly owned by TIAA.
3. AEF-V is exclusively managed by the US-based Teachers Advisors, Inc. CREF is exclusively managed by US-based TIAA-CREF Investment Management, LLC. Both Teachers Advisors, Inc. and TIAA-CREF Investment Management, LLC are wholly owned by US-based TIAA-CREF Asset Management LLC (a holding company), which is in turn wholly owned by TIAA.
Teachers Advisors, Inc. and TIAA-CREF Investment Management, LLC have agreed to follow the same policies, pursuant to the common TIAA-CREF Policy Statement on Corporate Governance (the "Policy Statement"), when exercising the voting rights for the Wienerberger AG shares directly held by CREF and AEF-V.
Pursuant to the terms of the Policy Statement, the voting rights of the above mentioned 4,605,341 shares (3.919%) in Wienerberger AG directly held by CREF can be exercised independently by TIAA-CREF Investment Management, LLC in its own name. Similarly, pursuant to the terms of the Policy Statement, the voting rights of the above mentioned 11,729 shares (0.010%) (equal to 11,729 voting rights) of Wienerberger AG directly held by AEF-V and indirectly held by TIAA can be exercised independently by Teachers Advisors, Inc. in its own name.
Therefore, the above mentioned holdings/voting rights exercisable by way of proxy by TIAA-CREF Investment Management, LLC and Teachers Advisors, Inc. need to be aggregated pursuant to sec 91 (1) and 92 para 1 of the Austrian Stock Exchange Act. The aggregated holdings amount to 4,617,070 or 3.929% shares/voting rights of Wienerberger AG as of March, 29, 2016. Both TIAA-CREF Investment Management, LLC and Teachers Advisors, Inc. have thus together fallen below the 4% threshold as of March 29, 2016.
4. Since TIAA-CREF Investment Management, LLC and Teachers Advisors, - as outlined above - are indirect wholly owned subsidiary of TIAA, the total voting rights of 3.929% in Wienerberger AG are attributable also to TIAA-CREF Asset Management LLC (a holding company) and TIAA Global Asset Management LLC (a holding company), and ultimately attributable - pursuant to the requirements of the Austrian Stock Exchange Act - to TIAA which has fallen below the 4% threshold as of March 29, 2016.
For further information, please contact:
Karin Steinbichler, Head of Corporate Communications Wienerberger AG
T +43 1 601 92 - 10149 | communication@wienerberger.com
If you do not wish to receive the Wienerberger newsletter any longer, send an e-mail with subject: "unsubscribe newsletter" to communication@wienerberger.com
Wienerberger AG is a pure free float company, whereby the majority of shares are held by Austrian and international institutional investors. Additional information on the shareholder structure is provided under http://www.wienerberger.com/investor-relations/the-wienerberger-share/the-wienerberger-share/shareholder-structure.
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Emitter: |
Wienerberger AG Wienerbergstraße 11 1100 Wien Austria |
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Contact Person: | Karin Steinbichler | |
Phone: | +43 1 60192-10149 | |
E-Mail: | communication@wienerberger.com | |
Website: | www.wienerberger.com | |
ISIN(s): | AT0000831706 (Share) | |
Stock Exchange(s): | Vienna Stock Exchange (Official Trade) |