Brady plc TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES (8986U)

TIDMBRY

RNS Number : 8986U

Brady plc

24 January 2017

 
 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                                                  X 
  rights 
--------------------------------------------------------------------  ----------------------------------- 
 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)                                                Coltrane Asset Management, L.P. 
  subject to the 
  notification obligation: 
  (iii) 
-------------------------------------------------------------  ------------------------------------------ 
 4. Full name of shareholder(s)                                                Coltrane Master Fund, L.P. 
  (if different from 
  3.):(iv) 
-------------------------------------------------------------  ------------------------------------------ 
 5. Date of the transaction                                                              January 18, 2017 
  and date on 
  which the threshold 
  is crossed or 
  reached: (v) 
-------------------------------------------------------------  ------------------------------------------ 
 6. Date on which issuer                                                                 January 19, 2017 
  notified: 
-------------------------------------------------------------  ------------------------------------------ 
 7. Threshold(s) that                                                                 Increasing above 9% 
  is/are crossed or 
  reached: (vi, vii) 
-------------------------------------------------------------  ------------------------------------------ 
 
 
 
 8. Notified details: 
-------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
-------------------------------------------------------------------------------------------------------------------------- 
 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 shares      voting                    rights (x) 
                        Shares           Voting                          rights 
                                         Rights 
--------------------  ---------------  ---------------  -------------  ------------------------  ------------------------- 
                                                         Direct         Direct        Indirect    Direct        Indirect 
                                                                         (xi)          (xii) 
--------------------      -----------    -----------    -------------  ------------  ----------  ------------  ----------- 
 Common Equity 
 (ISIN:GB00B0188P35)   7,175,000        7,175,000        8,220,000      8,220,000     N/A         9.9%          N/A 
 
 B: Qualifying Financial Instruments 
-------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------------------------------------------------- 
 Type of financial         Expiration     Exercise/                       Number of voting            % of voting 
  instrument                date           Conversion                      rights that                 rights 
                            (xiii)         Period (xiv)                    may be 
                                                                           acquired if 
                                                                           the 
                                                                           instrument 
                                                                           is 
                                                                           exercised/ 
                                                                           converted. 
------------------------  -------------  ------------------------------  --------------------------  --------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
-------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------------------------------------------------- 
 Type of financial       Exercise       Expiration     Exercise/        Number of voting            % of voting 
  instrument              price         date           Conversion        rights instrument           rights (xix, 
                                        (xvii)         period            refers to                   xx) 
                                                       (xviii) 
----------------------  -------------  -------------  ---------------  --------------------------  ----------------------- 
                                                                                                    Nominal       Delta 
----------------------  -------------  -------------  ---------------  --------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
-------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                   Percentage of voting rights 
--------------------------------------------------------  ---------------------------------------------------------------- 
 8,220,000                                                 9.9% 
--------------------------------------------------------  ---------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------------ 
                                               Coltrane Asset Management, L.P. 
                                                                 Mandeep Manku 
                                                  Coltrane Domestic Fund, L.P. 
                                                  Coltrane Offshore Fund, L.P. 
                                      Coltrane Asset Management Holdings, Ltd. 
                                                              Coltrane GP, LLC 
                                              Coltrane Master Fund, L.P.: 9.9% 
 
 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: 
-------------------------------------------------------------  --------------- 
 
 
  13. Additional information: 
-------------------------------------------------------------  --------------- 
 14. Contact name:                                              George Cairoli 
-------------------------------------------------------------  --------------- 
 15. Contact telephone number:                                  1(212)259-6042 
-------------------------------------------------------------  --------------- 
 
 
 
 Note: Annex should only be submitted to the FCA not 
  the issuer 
 Annex: Notification of major interests in share 
 
 A: Identity of the persons or legal entity subject to 
  the notification obligation 
----------------------------------------------------------------- 
 Full name                             Coltrane Asset Management, 
  (including legal form of                                   L.P. 
  legal entities) 
------------------------------------  --------------------------- 
 Contact address                                94 Solaris Avenue 
  (registered office for legal           Camana Bay, Grand Cayman 

  entities)                                              KY1-1108 
                                                   Cayman Islands 
------------------------------------  --------------------------- 
 Phone number & email                              1(212)259-6042 
                                          [e-mail] 
------------------------------------  --------------------------- 
 Other useful information 
  (at least legal representative 
  for legal persons) 
------------------------------------  --------------------------- 
 
 B: Identity of the notifier, if applicable 
----------------------------------------------------------------- 
 Full name                                         George Cairoli 
------------------------------------  --------------------------- 
 Contact address                         250 W 55th Street, Suite 
                                                              16C 
                                               New York, NY 10019 
                                                    United States 
------------------------------------  --------------------------- 
 Phone number & email                              1(212)259-6042 
                                          [e-mail] 
------------------------------------  --------------------------- 
 Other useful information 
  (e.g. functional relationship 
  with the person or legal 
  entity subject to the notification 
  obligation) 
------------------------------------  --------------------------- 
 
 C: Additional information 
----------------------------------------------------------------- 
 
 For notes on how to complete form TR-1 please see the 
  FCA website. 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 24, 2017 02:00 ET (07:00 GMT)