Forterra PLC has announced that Vulcan Value Partners, LLC has acquired voting rights in the company. Vulcan Value Partners, LLC is based in Birmingham, United States. The threshold for voting rights was crossed on September 7, 2023, and the issuer was notified on September 8, 2023. Vulcan Value Partners, LLC now holds 13.51% of the voting rights in Forterra PLC, with a total of 28,744,777 voting rights. This is an increase from their previous position of 12.46% of voting rights.
The notification also provides information about the financial instruments held by Vulcan Value Partners, LLC. However, no specific details are provided about these instruments.
Vulcan Value Partners, LLC is an investment advisor to Vulcan Value Partners Small Cap Fund, a US mutual fund, as well as a number of separately-managed client accounts. The custodian for the US mutual fund is BNY Mellon, and there are a total of 23 custodians for the separately-managed accounts. These custodians include Bank of America Merrill Lynch, Bank of New York Mellon, Fidelity, JP Morgan, and Wells Fargo, among others.
The notification was completed on September 8, 2023.