Brady plc Director/PDMR Shareholding (8547Z)

TIDMBRY

RNS Number : 8547Z

Brady plc

17 March 2017

17 March 2017

Brady plc ("Brady" or the "Group")

Director/PDMR Shareholding

Brady plc (AIM: BRY.L) announces that it was notified on 15 March 2017 that Jon Hobbs, a Senior Manager and PDMR, had exercised options over 50,000 ordinary shares of 1p each in the Company, such options having been granted under the Company's Share Option Plan and subsequently sold 50,000 shares.

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

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------------- 
 a)   Name 
                                   Jon Hobbs 
---  -------------------------  ---------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------- 
 a)   Position/status            PDMR 
---  -------------------------  ---------------------------------- 
 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                        N/A 
---  -------------------------  ---------------------------------- 
 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             Ordinary shares of 1p each 
       the financial              in the Company 
       instrument, type 
       of instrument 
                                  GB00B0188P35 
       Identification 
       code 
---  -------------------------  ---------------------------------- 
 b)   Nature of the              Exercise of option and subsequent 
       transaction                partial sale of shares 
---  -------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)     Exercise of options: 
                                   Price(s)         Volume(s) 
                                  ---------------  ---------- 
                                   66.5 pence 
                                    per ordinary 
                                    share           50,000 
                                  ---------------  ---------- 
 
 
 
                                  Sale of shares: 
                                   Price(s)          Volume(s) 
 
                                    76 pence per      50,000 
                                    ordinary share 
                                  ----------------  ---------- 
---  -------------------------  ---------------------------------- 
 d)   Aggregated information 
                                   Exercise of Options: 50,000 
                                   ordinary shares of 1 pence 
       - Aggregated volume         exercised at 66.5 pence per 
                                   ordinary share. 
 
       - Price                     Share sale: 50,000 ordinary 
                                   shares of 1 pence sold at 
                                   76 pence per ordinary share. 
---  -------------------------  ---------------------------------- 
 e)   Date of the transaction    Exercise of options: 15 March 
                                  2017 
                                  Sale of shares: 15 March 
                                  2017 
---  -------------------------  ---------------------------------- 
 f)   Place of the transaction   London Stock Exchange, AIM 
---  -------------------------  ---------------------------------- 
 

For further information please contact:

 
 Brady plc                        Telephone: [phone] 
  Ian Jenks, Executive Chairman    479479 
  Martin Thorneycroft, Finance 
  Director 
 
   Cenkos Securities plc            Telephone: +44 (0)20 
   Ivonne Cantu (Nomad)             7397 8900 
   Camilla Hume (Sales) 
 
 
 Redleaf                        Telephone: +44 (0)20 
  Charlie Geller / Sam Modlin    7382 4730 
 

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 to back office financials and treasury settlement, for energy, refined, unrefined and scrap metals, soft commodities and agriculturals.

Brady has 30 years' expertise in the commodity markets with some 400 customers worldwide who depend on Brady's software solutions to deliver vital business transactions across their global operations. Brady clients include many of the world's largest financial institutions, trading companies, miners, refiners and producers, recycling companies, scrap processors, tier one banks and a large number of London Metal Exchange (LME) Category 1 and 2 clearing members and many leading European energy generators, traders and consumers.

For further information visit: www.bradyplc.com

Brady plc: Twitter/Facebook/LinkedIn

This information is provided by RNS

The company news service from the London Stock Exchange

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March 17, 2017 11:00 ET (15:00 GMT)