Share Name Share Symbol Market Type Share ISIN Share Description
Brady Plc LSE:BRY London Ordinary Share GB00B0188P35 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +2.20p +16.06% 15.90p 15.50p 16.30p 16.50p 13.40p 13.40p 5,424,033 16:27:44
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 23.2 -1.1 -2.5 - 13

Brady plc TR-1: Notification of Major Holdings

01/05/2019 3:46pm

UK Regulatory (RNS & others)


Brady (LSE:BRY)
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RNS Number : 7962X

Brady plc

01 May 2019

1 May 2019

Brady plc

("Brady" or the "Company")

Director/PDMR Shareholding

Brady plc, a leading global provider of trading, risk management and settlement solutions to the commodity and energy markets, announces that Carmen Carey, Chief Executive Officer, has been granted nil cost options over a total of 431,034 new ordinary shares of 1 pence each in the capital of the Company ("Options"), under the Company's 2015 Long Term Incentive Plan ("LTIP"), as announced on 23 September 2015. Following this grant Carmen Carey will hold a total of 431,034 Options. The Options have a two-year holding period (post vesting) and will vest subject to the achievement of certain EBITDA and EPS targets, which are detailed below.

Following these grants, there are a total of 2,134,193 outstanding Options and Awards equivalent to 2.6 per cent of the Company's issued share capital.

Performance Targets

Fifty per cent (50%) of the grant is measured against growth in Adjusted EPS and fifty per cent (50%) is measured against growth in Adjusted EBITDA. Growth in Adjusted EPS and growth in Adjusted EBITDA will be measured from the base Financial Year 2018 over three consecutive Financial Years. The Options / Awards will Vest as follows:

 
  Growth Rate     Financial Year   Financial Year   Vesting % of 
                       2021             2021            Award 
                      EBITDA             EPS 
                      GBP'000          (pence) 
---------------  ---------------  ---------------  ------------- 
  Threshold %         5,160             2.13            25% 
     Good %           5,616             2.32            50% 
    Strong %          6,094             2.52            75% 
 Outstanding %        6,590             2.72            100% 
 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             (1) Carmen Carey 
     --------------------------  ------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                  (1) Chief Executive Officer 
     --------------------------  ------------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                        Brady plc 
     --------------------------  ------------------------------------------- 
 b)   LEI                         213800W1KBGFLDIWNO70 
     --------------------------  ------------------------------------------- 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ----------------------------------------------------------------------- 
 a)   Description of the          Ordinary shares of 1p each in the 
       financial instrument,       Company 
       type of instrument 
 
       Identification code         GB00B0188P35 
     --------------------------  ------------------------------------------- 
 b)   Nature of the transaction   Grant of nil cost Options over Ordinary 
                                   Shares of 1 pence 
     --------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)              Volume(s) 
                                           (1) Nil cost          (2) 431,034 
                                                          ------------------ 
     --------------------------  ------------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume          N/A - single transaction 
       - Price 
     --------------------------  ------------------------------------------- 
 e)   Date of the transaction     30 April 2019 
     --------------------------  ------------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ------------------------------------------- 
 

For further information, please contact:

 
 Brady plc                                Telephone: +44(0)1223 479479 
  Carmen Carey, Chief Executive Officer 
  Martin Thorneycroft, Finance Director 
 
   Cenkos Securities plc - NOMAD and        Telephone: +44 (0)20 7397 
   Broker                                   8900 
   Mark Connelly - Corporate Finance 
 Newgate Communications                   Telephone: +44 (0)20 7653 
  Bob Huxford/ Ian Silvera                 9848 
 

About Brady

Brady plc (BRY.L) is the largest European--headquartered provider of trading and risk management software to the global commodity and energy markets. Brady combines fully integrated and complete solutions supporting the entire commodity trading operation, from capture of financial and physical trading, through risk management, handling of physical operations, back office financials and treasury settlement, for energy, refined and unrefined, soft commodities and agriculturals.

Brady has 30 years' expertise in the commodity markets and its clients include many of the world's largest financial institutions, trading companies, miners, refiners and producers, tier one banks, a large number of London Metal Exchange (LME) Category 1 and 2 clearing members and many leading European energy generators, traders and consumers.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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May 01, 2019 10:46 ET (14:46 GMT)

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