Standard form for notification of major holdings

RNS Number : 9997X
Ibstock PLC
24 December 2019
 

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 underlying issuer of existing shares to which voting rights are attachedii:

Ibstock PLC

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 obligationiv

Name

Vulcan Value Partners, LLC, a Delaware limited liability company ("Vulcan")

City and country of registered office (if applicable)

Birmingham, Alabama, Unites States

4. Full name of shareholder(s) (if different from 3.)v

Name

Vulcan Value Partners, LLC is the investment advisor to (1) Vulcan Value Partners Small Cap Fund, a US mutual fund, and (2) a number of separately-managed client accounts.

 

The custodian for the US mutual fund is BNY Mellon.

 

Various custodians, numbering 23 in total, serve as custodian for the separately-managed accounts.  See additional information for the full list.

City and country of registered office (if applicable)

Birmingham, Alabama, Unites States

5. Date on which the threshold was crossed or reachedvi:

12/18/2019

6. Date on which issuer notified (DD/MM/YYYY):

12/23/2019

7. Total positions of person(s) subject to the notification obligation


% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

7.99%

N/A

7.99%

409,257,000

Position of previous notification (if

applicable)

9.09%

N/A

9.09%


 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type of
shares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Ordinary Shares

GB00BYXJC278

N/A

32,680,802

N/A

7.99%











SUBTOTAL 8. A

32,680,802

7.99%

 

 

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

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













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 financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Physical or cash

settlementxii

Number of voting rights

% of voting rights

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 by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii


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)

X

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Vulcan Value Partners, LLC is controlled by C.T. Fitzpatrick by virtue of C.T. Fitzpatrick holding a majority of voting and economic rights in it.

7.99%

N/A

7.99%


















10. In case of proxy voting, please identify:

Name of the proxy holder


The number and % of voting rights held


The date until which the voting rights will be held



11. Additional informationxvi

The 23 custodians referred to in item 4 above are as follows:

 

Bank of America Merrill Lynch

Bank of New York Mellon

CITI Private Bank

Comerica Bank

Fidelity

Fifth Third Bank

First Western

JP Morgan

Key Bank

M&T Bank

Marshall & Ilsley

Merrill Lynch

Morgan Stanley

Norther Trust

Pershing

PNC Bank

Regions Trust

Schwab

State Street

IBT

UMB bank

US Bank

Wells Fargo

 

Place of completion

Birmingham, Alabama, United States

Date of completion

12/23/2019

 


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