Holding(s) in Company

RNS Number : 2218W

Forterra plc

14 August 2020

 

TR-1: S tandard 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 attached ii :			Forterra 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 obligation iv
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 13 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, United States
5. Date on which the threshold was crossed or reached vi :			August 13, 2020
6. Date on which issuer notified (DD/MM/YYYY):			13/08/20
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 issuer vii
Resulting situation on the date on which threshold was crossed or reached	13.73%	N/A		13.73%	31,389,616
Position of previous notification (if applicable)	12.69%	N/A		12.69%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rights ix					% 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 GB00BYYW3C20		N/A		31,389,616			N/A		13.73%
SUBTOTAL 8. A		31,389,616					13.73%
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 settlement xii			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) issuer xiii				X
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)
Name xv	% 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.	13.73%	N/A	13.73%
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 information xvi
The 13 custodians referred to in item 4 above are as follows: Bank of New York - Mellon Comerica Bank Fidelity Fifth Third Bank JP Morgan Key Bank Morgan Stanley Dual Contract Northern Trust Pershing PNC Bank State Street US Bank Wells Fargo Trust

Place of completion	Birmingham, Alabama, United States
Date of completion	August 13, 2020

 

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