Brady plc TR-1 (7972Z)
March 17 2017 - 5:24AM
UK Regulatory
TIDMBRY
RNS Number : 7972Z
Brady plc
17 March 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
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1. Identity of the issuer or Brady PLC
the underlying issuer
of existing shares to which
voting rights are
attached: (ii)
------------------------------------------------------------- -------------------------------------
2 Reason for the notification (please tick the appropriate
box or boxes):
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An acquisition or disposal of voting rights Yes
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An acquisition or disposal of qualifying financial
instruments which may result in the acquisition
of shares already issued to which voting rights
are attached
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An acquisition or disposal of instruments with
similar economic effect to qualifying financial
instruments
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An event changing the breakdown of voting rights
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Other (please
specify):
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3. Full name of person(s) Kestrel Partners LLP
subject to the
notification obligation:
(iii)
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4. Full name of shareholder(s) Kestrel Opportunities, a cell
(if different from 3.):(iv) of Guernsey Portfolios PCC
Ltd (through BNY Mellon Nominees
Limited) and various other
clients of Kestrel Partners
LLP (through JIM Nominees
Ltd and through Bank of New
York Nominees Ltd)
--------------------------------------------------------- -----------------------------------------
5. Date of the transaction 14 March 2017
and date on
which the threshold is
crossed or
reached: (v)
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6. Date on which issuer 16 March 2017
notified:
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7. Threshold(s) that is/are through 24%
crossed or
reached: (vi, vii)
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8. Notified details:
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A: Voting rights attached to shares (viii, ix)
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Class/type Situation previous Resulting situation after the
of to the triggering triggering transaction
shares transaction
if possible
using
the ISIN
CODE
------------- -------------------------------------------- -------------------------------------------------------------
Number Number Number Number of % of voting
of of of voting rights (x)
Shares Voting shares rights
Rights
------------- -------------------------- ---------------- ---------- ---------------------- -------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- --------- ----------- ------------ ---------- --------- ----------- ------------ -----------
Ordinary
Shares of
1p each
ISIN
GB00B0188P35 19,896,850 19,896,850 n/a n/a 20,071,850 n/a 24.11%
-------------------------- ---------------- ---------- --------- ----------- ------------ -----------
B: Qualifying Financial Instruments
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Resulting situation after the triggering transaction
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Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion rights that rights
instrument (xiii) Period (xiv) may be
acquired if
the
instrument
is
exercised/
converted.
----------------- ------------------------ ---------------------------- ------------------------ ---------------------
n/a n/a n/a n/a n/a
----------------- ------------------------ ---------------------------- ------------------------ ---------------------
C: Financial Instruments with similar economic effect
to Qualifying Financial Instruments (xv, xvi)
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Resulting situation after the triggering transaction
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Type of Exercise Expiration Exercise/ Number of voting % of voting
financial price date Conversion rights instrument rights (xix,
instrument (xvii) period refers to xx)
(xviii)
--------------- ----------- --------------- -------------- ---------------------------------- -----------------------
n/a n/a n/a n/a n/a Nominal Delta
--------------- ----------- --------------- -------------- ---------------------------------- ------------ ---------
n/a n/a
------------- --------- ----------- ------------ -------- ------- ----------- ------------ ---------
Total (A+B+C)
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Number of voting rights Percentage of voting rights
------------------------------------------------------------- -----------------------------------------------------------
20,071,850 24.11%
------------------------------------------------------------- -----------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
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Indirect - BNY Mellon Nominees Limited - 15,703,483
Shares. 18.86% of voting rights
Indirect - JIM Nominees Limited - 1,979,995 Shares.
2.38% of voting rights
Indirect - Bank of New York Nominees Ltd - 2,388,372
Shares. 2.87% of voting rights
Proxy Voting:
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10. Name of the proxy holder:
------------------------------------------------------------- ------------------------------------
11. Number of voting rights proxy
holder will cease
to hold:
------------------------------------------------------------- ------------------------------------
12. Date on which proxy holder will
cease to hold
voting rights:
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Disclosure based on Total
13. Additional information: voting rights of 83,263,581
The indirect voting rights
held under (9) relate to
shares held in client portfolios
managed by Kestrel Partners
LLP under discretionary investment
management agreements
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14. Contact name: Ian Forrest
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15. Contact telephone number: 0203 371 6100
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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