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
MICHELMERSH BRICK HOLDINGS
PLC
2.
Reason for Notification
An event changing the breakdown of
voting rights
3.
Details of person subject to the notification
obligation
City
of registered office (if applicable)
Country of registered office (if applicable)
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
6.
Date on which Issuer notified
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 exercised/converted
|
% of
voting rights
|
|
|
|
|
|
|
|
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 than the notifiable threshold
|
Total of both if it equals or is higher than the notifiable
threshold
|
|
|
|
|
|
|
10. In case of
proxy voting
The
number and % of voting rights held
The
date until which the voting rights will be held
11.
Additional Information
For further information, please
contact:
|
Michelmersh Brick Holdings plc
Peter Sharp, Joint CEO
Ryan Mahoney, CFO
|
Tel: +44 (0)1825
430412
|
|
Canaccord Genuity Limited (NOMAD and Joint
Broker)
Max Hartley
Bobbie Hilliam
Berenberg (Joint Broker)
Richard Bootle
Detlir Elizi
|
Tel: +44 (0)20 7523 8000
Tel: +44 (0)20 3207 7800
|
|
Yellow Jersey PR
Charles Goodwin
Annabelle Wills
|
Tel: +44 (0)7747 788 221
Tel: +44 (0)7775 194 357
|
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,
www.bimbricks.com
and www.sustainablebrick.com