REG - Michelmersh Brick - TR-1 - Notification of major holdings

Michelmersh Brick HoldingsAnnouncement

21/03/2024 08:15

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RNS Number : 7733H  Michelmersh Brick Holdings PLC  21 March 2024

21 March 2024

Michelmersh Brick Holdings Plc

("MBH", the "Company" or the "Group")

Holdings in Company

Michelmersh Brick Holdings Plc (AIM: MBH), the specialist brick manufacturer,
announces a historic TR-1 as detailed below. As at 18 March 2024, Hosking
Partners LLP control voting rights over 3.2% of the Company's issued share
capital.

Hosking Partners LLP also has legal title over a further 8.4% of the Company's
issued share capital, for which it acts as non-discretionary investment
manager for underlying clients who control the voting rights and have full
discretion.

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00B013H060

Issuer Name

MICHELMERSH BRICK HOLDINGS PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An event changing the breakdown of voting rights

3. Details of person subject to the notification obligation

Name

Hosking Partners LLP

City of registered office (if applicable)

London

Country of registered office (if applicable)

United Kingdom

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the
notification obligation, above

 

City of registered office (if applicable)

 

Country of registered office (if applicable)

 

5. Date on which the threshold was crossed or reached

31-Mar-2023

6. Date on which Issuer notified

03-Apr-2023

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 held in issuer
 Resulting situation on the date on which threshold was crossed or reached  4.290000                                              0.000000                                                                   4.290000                        4098999
 Position of previous notification (if applicable)                          6.760000                                              0.000000                                                                   6.760000

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

8A. Voting rights attached to shares

 Class/Type of shares ISIN code(if possible)  Number of direct voting rights (DTR5.1)  Number of indirect voting rights (DTR5.2.1)  % of direct voting rights (DTR5.1)  % of indirect voting rights (DTR5.2.1)
 GB00B013H060                                                                          4098999                                                                          4.290000
 Sub Total 8.A                                4098999                                                                               4.290000%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 Type of financial instrument  Expiration date  Exercise/conversion period  Number of voting rights that may be acquired if the instrument is  % of voting rights
                                                                            exercised/converted

 Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))

 Type of financial instrument  Expiration date  Exercise/conversion period  Physical or cash settlement  Number of voting rights  % of voting rights

 Sub Total 8.B2

9. Information in relation to the person subject to the notification
obligation

1. 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.

 Ultimate controlling person  Name of controlled undertaking  % 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

10. In case of proxy voting

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

 

12. Date of Completion

03-Apr-2023

13. Place Of Completion

London, UK

 

 

 

For further information, please contact:

 Michelmersh Brick Holdings plc                       Tel: +44 (0)1825 430412
 Peter Sharp, Joint CEO

 Ryan Mahoney, CFO
 Canaccord Genuity Limited (NOMAD and Joint Broker)   Tel: +44 (0)20 7523 8000

 Max Hartley

 Bobbie Hilliam

 Berenberg (Joint Broker)

 Richard Bootle                                       Tel: +44 (0)20 3207 7800

 Detlir Elizi

 Yellow Jersey PR                                     Tel: +44 (0)7747 788 221

 Charles Goodwin                                      Tel: +44 (0)7775 194 357

 Annabelle Wills

 

About Michelmersh Brick Holdings PLC:

Michelmersh Brick Holdings PLC is a business with seven market leading brands:
Blockleys, Carlton, FabSpeed, Freshfield Lane, Michelmersh, Floren.be and
Hathern Terra Cotta. These divisions operate within a fully integrated
business, combining the production of premium, precision-made bricks, pavers,
special shaped bricks, bespoke Terra Cotta products and prefabricated brick
components. The Group also includes a landfill operator, New Acres Limited,
and seeks to develop future landfill and development opportunities on
ancillary land assets.

Established in 1997, the Company has grown through acquisition and organic
growth into a profitable and asset rich business, producing over 122 million
clay bricks and pavers per annum. Michelmersh currently owns most of the UK's
premium manufacturing brick brands and is a leading specification brick and
clay paving manufacturer.

Michelmersh strives to be a well invested, long term, sustainable,
environmentally responsible business. Opportunity, training and security for
all employees, whilst meeting the needs of stakeholders are at the forefront
of everything we do. We aim to lead the way in producing some of Britain's
premium clay products and enhancing our environment by adding value to the
architectural landscape for generations to come.

We are Michelmersh Brick Holdings PLC: we are "Britain's Brick Specialist".

Please visit the Group's websites at: www.mbhplc.co.uk
(http://www.mbhplc.co.uk) , www.bimbricks.com (http://www.bimbricks.com) and
www.sustainablebrick.com (http://www.sustainablebrick.com/)

 

 

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