REG - Croda International - Holding(s) in Company

Croda InternationalAnnouncement

18/09/2025 16:00

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RNS Number : 9401Z  Croda International PLC  18 September 2025

TR-1: Standard form for notification of major holdings

 

 NOTIFICATION OF MAJOR HOLDINGS

 1a. Identity of the issuer or the underlying issuer of existing shares to                                                                                    Croda International Plc
 which voting rights are attached (ii):

                                                                                                                                                              (LEI: 2138004WCNBFJEEOXV26)
 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                                                                                                                                                         Standard Latitude Master Fund Ltd.
 City and country of registered office (if applicable)                                                                                                        Grand Cayman, Cayman Islands
 4. Full name of shareholder(s) (if different from 3.) (v)
 Name
 City and country of registered office (if applicable)
 5. Date on which the threshold was crossed or reached (vi):                                                                                                  15-Sep-2025
 6. Date on which issuer notified (DD-MMM-YYYY):                                                                                                              17-Sep-2025
 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 held in issuer (8.A + 8.B) (vii)

(total of 8.B 1 + 8.B 2)
 Resulting situation on the date on which threshold was crossed or reached  2.542334                                               2.935840                                              5.478174                        7,649,471
 Position of previous notification (if

 applicable)

 

 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                                           Number of voting rights (ix)                                              % of voting rights

shares

 ISIN code (if possible)
                                                         Direct                    Indirect                                        Direct                                           Indirect

                                                         (DTR5.1)                   (DTR5.2.1)                                     (DTR5.1)                                         (DTR5.2.1)
 Ordinary Shares of 10.609756p each GB00BJFFLV09         3,550,000                                                                 2.542334
 SUBTOTAL 8. A                                           3,550,000                                                                 2.542334%

 B 1: Financial Instruments according to DTR5.3.1R (1) (a)
 Type of financial instrument                            Expiration  Exercise/                             Number of voting rights that may be acquired if the instrument is        % of voting rights

date (x)
Conversion Period (xi)

                                                                                                           exercised/converted.

                                                                     SUBTOTAL 8. B 1

 B 2: Financial Instruments with similar economic effect according to DTR5.3.1R
 (1) (b)
 Type of financial instrument  Expiration                            Exercise/                   Physical or cash                                          Number of voting rights  % of voting rights

date (x)
Conversion Period (xi)

                                                                                                 Settlement (xii)
 Cash-Settled Equity Swap      Sep-25-2028                           At any time                 Cash                                                      2,990                    0.002141
 Cash-Settled Equity Swap      Sep-25-2028                           At any time                 Cash                                                      17,750                   0.012712
 Cash-Settled Equity Swap      Sep-26-2028                           At any time                 Cash                                                      150,000                  0.107423
 Cash-Settled Equity Swap      Sep-28-2028                           At any time                 Cash                                                      38,254                   0.027396
 Cash-Settled Equity Swap      Sep-28-2028                           At any time                 Cash                                                      2,150,000                1.539724
 Cash-Settled Equity Swap      Sep-28-2028                           At any time                 Cash                                                      241,006                  0.172597
 Cash-Settled Equity Swap      Sep-29-2028                           At any time                 Cash                                                      175,000                  0.125326
 Cash-Settled Equity Swap      Sep-29-2028                           At any time                 Cash                                                      100,000                  0.071615
 Cash-Settled Equity Swap      Oct-11-2028                           At any time                 Cash                                                      29,568                   0.021175
 Cash-Settled Equity Swap      Oct-11-2028                           At any time                 Cash                                                      40,000                   0.028646
 Cash-Settled Equity Swap      Oct-12-2028                           At any time                 Cash                                                      150,000                  0.107423
 Cash-Settled Equity Swap      Oct-12-2028                           At any time                 Cash                                                      250,000                  0.179038
 Cash-Settled Equity Swap      Oct-12-2028                           At any time                 Cash                                                      7,200                    0.005156
 Cash-Settled Equity Swap      Oct-16-2028                           At any time                 Cash                                                      68,232                   0.048864
 Cash-Settled Equity Swap      Oct-18-2028                           At any time                 Cash                                                      25,000                   0.017904
 Cash-Settled Equity Swap      Oct-18-2028                           At any time                 Cash                                                      485,000                  0.347333
 Cash-Settled Equity Swap      Oct-18-2028                           At any time                 Cash                                                      4,471                    0.003202
 Cash-Settled Equity Swap      Oct-18-2028                           At any time                 Cash                                                      15,000                   0.010742
 Cash-Settled Equity Swap      Oct-18-2028                           At any time                 Cash                                                      150,000                  0.107423
                                                                                                 SUBTOTAL 8.B.2                                            4,099,471                2.935840%

 

 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)
 Full chain of controlled undertakings through which the voting rights and/or                                                                                                                                                                      X
 the

financial instruments are effectively held starting with the ultimate
 controlling natural person or legal entity (please add additional rows as
 necessary) (xiv)
 Ultimate                                                        % 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  Total of both if it equals or is higher than the notifiable threshold

                                                                                                               than the notifiable threshold
 controlling entity name

                             Name of controlled

                             undertaking
 Standard Investments LLC    Standard Latitude Master Fund Ltd.  2.542334                                                                    2.935840                                                                    5.478174%
 David J. Millstone          Standard Latitude Master Fund Ltd.  2.542334                                                                    2.935840                                                                    5.478174%
 David S. Winter             Standard Latitude Master Fund Ltd.  2.542334                                                                    2.935840                                                                    5.478174%

 10. In case of proxy voting, please identify:
 Name of the proxy holder                                        N/A
 The number and % of voting rights held                          N/A
 The date until which the voting rights will be held             N/A

 11. Additional information (xvi)
 Number of Croda International Plc ordinary shares in issue, excluding shares
 held in treasury:  139,635,442

 

 Place of completion  Cowick Hall, Snaith, England
 Date of completion   18 September 2025

 

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