Brady plc Holding(s) in Company (6456E)

TIDMBRY

RNS Number : 6456E

Brady plc

19 July 2016

 
 For filings with the FCA include the 
  annex 
 For filings with issuer exclude the 
  annex 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
------------------------------------------------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or the underlying                                                                   Brady PLC 
  issuer 
  of existing shares to which voting rights 
  are 
  attached: (ii) 
------------------------------------------------------------------------  ---------------------------------------------- 
 2 Reason for the notification (please tick the appropriate box or boxes): 
------------------------------------------------------------------------------------------------------------------------ 
 An acquisition or disposal of voting rights                                                      Yes 
----------------------------------------------------------------------------  ------------------------------------------ 
 An acquisition or disposal of qualifying financial instruments 
  which may result in the acquisition of shares already issued to 
  which voting rights are attached 
----------------------------------------------------------------------------  ------------------------------------------ 
 An acquisition or disposal of instruments with similar economic 
  effect to qualifying financial instruments 
----------------------------------------------------------------------------  ------------------------------------------ 
 An event changing the breakdown of voting rights 
----------------------------------------------------------------------------  ------------------------------------------ 
 Other (please 
  specify): 
------------------------------------------------------------------  --------  ------------------------------------------ 
 3. Full name of person(s) subject                                                                  Kestrel Partners LLP 
  to the 
  notification obligation: (iii) 
--------------------------------------------------------------------  -------------------------------------------------- 
 4. Full name of shareholder(s)                                                Kestrel Opportunities, a cell of Guernsey 
  (if different from 3.):(iv)                                                     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 and date                                                                        15 July 2016 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------------------------------  -------------------------------------------------- 
 6. Date on which issuer notified:                                                                          19 July 2016 
--------------------------------------------------------------------  -------------------------------------------------- 
 7. Threshold(s) that is/are crossed                                                                      Up through 23% 
  or 
  reached: (vi, vii) 
--------------------------------------------------------------------  -------------------------------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous                            Resulting situation after the triggering 
 of              to the triggering                             transaction 
 shares          transaction 
 
 if possible 
 using 
 the ISIN 
 CODE 
-------------  --------------------------------------------  ------------------------------------------------------------ 
                Number                      Number            Number     Number of voting        % of voting rights 
                 of                          of               of          rights                  (x) 
                 Shares                      Voting           shares 
                                             Rights 
-------------  --------------------------  ----------------  ---------  ----------------------  ------------------------- 
                                                              Direct     Direct     Indirect     Direct        Indirect 
                                                                         (xi)        (xii) 
-------------      ---------  -----------      ------------  ---------  ---------  -----------  ------------  ----------- 
 Ordinary 
 Shares 
 of 1p each 
 ISIN 
 GB00B0188P35   19,056,768                  19,056,768        n/a        n/a        19,101,768   n/a           23.01% 
               --------------------------  ----------------  ---------  ---------  -----------  ------------  ----------- 
 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration                Exercise/                    Number of voting          % of voting 
 financial           date (xiii)               Conversion Period            rights that may           rights 
 instrument                                    (xiv)                        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) 
------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------- 
 Type of          Exercise     Expiration       Exercise/       Number of voting                   % of voting rights 
 financial        price         date (xvii)      Conversion      rights instrument                  (xix, xx) 
 instrument                                      period          refers to 
                                                 (xviii) 
---------------  -----------  ---------------  --------------  ---------------------------------  ----------------------- 
 n/a              n/a          n/a              n/a             n/a                                Nominal       Delta 
---------------  -----------  ---------------  --------------  ---------------------------------  ------------  --------- 
                                                                                                   n/a           n/a 
-------------      ---------  -----------      ------------    -------    -------  -----------    ------------  --------- 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                        Percentage of voting rights 
-------------------------------------------------------------  ---------------------------------------------------------- 
 19,101,768                                                     23.01% 
-------------------------------------------------------------  ---------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
-------------------------------------------------------------------------------------------------------------------- 
                                               Indirect - BNY Mellon Nominees Limited - 14,639,816 Shares. 17.63% of 
                                                                                                       voting rights 
                                          Indirect - JIM Nominees Limited - 2,000,305 Shares. 2.41% of voting rights 
                                               Indirect - Bank of New York Nominees Ltd - 2,461,647 Shares. 2.96% of 
                                                                                                       voting rights 
 
 Proxy Voting: 
-------------------------------------------------------------------------------------------------------------------- 
 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: 
--------------------------------------------------------------------------  ---------------------------------------- 
 
                                                                             Disclosure based on Total voting rights 
  13. Additional information:                                                of 83,028,581 
                                                                             The indirect voting rights held under 
                                                                             (9) relate to shares held in client 
                                                                             portfolios managed by Kestrel Partners 
                                                                             LLP under discretionary investment 
                                                                             management agreements 
--------------------------------------------------------------------------  ---------------------------------------- 
 14. Contact name:                                                                                       Ian Forrest 
--------------------------------------------------------------------------  ---------------------------------------- 
 15. Contact telephone number:                                                                         0203 371 6100 
--------------------------------------------------------------------------  ---------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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July 19, 2016 11:17 ET (15:17 GMT)