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 | ||||||
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| 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: | February 1, 2021 | |||||
| 6. Date on which issuer notified (DD/MM/YYYY): | 01/02/2021 | |||||
| 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 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 | 6.78% | N/A | 6.78% | 409,559,800 | ||
| Position of previous notification (if applicable) | 7.94% | N/A | 7.94% | | ||
| 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 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 | 28,173,420 | N/A | 6.78% | |||||
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| SUBTOTAL 8. A | 28,173,420 | 6.78% | |||||||
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| 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 | Exercise/ | 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 | |||||
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| | | SUBTOTAL 8. B 1 | N/A | N/A | |||||
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| 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 | Exercise/ | Physical or cash settlementxii | Number of voting rights | % of voting rights | ||||
| N/A | N/A | N/A | N/A | N/A | N/A | ||||
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| | | | SUBTOTAL 8.B.2 | N/A | N/A | ||||
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| 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 | 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. | 6.78% | N/A | 6.78% | |
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| 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 | | |||
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| 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 | February 1, 2021 |
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