BRAM Brammer

TIDMBRAM

RNS Number : 0008D

Brammer PLC

01 July 2016

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or the underlying                                                     Brammer 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 
------------------------------------------------------------------------------  ---------------------------- 
 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                              X 
  effect to qualifying financial instruments 
------------------------------------------------------------------------------  ---------------------------- 
 An event changing the breakdown of voting rights 
------------------------------------------------------------------------------  ---------------------------- 
 Other (please 
  specify): 
-------------------------------------------------------------------------  ---  ---------------------------- 
 3. Full name of person(s) subject                                               Polygon Global Partners LLP 
  to the                                                                               Reade Eugene Griffith 
  notification obligation: (iii) 
--------------------------------------------------------------------------  -------------------------------- 
 4. Full name of shareholder(s)                                                                          N/A 
  (if different from 3.):(iv) 
--------------------------------------------------------------------------  -------------------------------- 
 5. Date of the transaction and date                                                            30 June 2016 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------------------------------------  -------------------------------- 
 6. Date on which issuer notified:                                                               1 July 2016 
--------------------------------------------------------------------------  -------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                                                      5% 
--------------------------------------------------------------------------  -------------------------------- 
 
 
 
 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 shares      rights               (x) 
                   Shares           Voting 
                                    Rights 
----------------  --------------  --------------  -------------  -------------------  -------------------- 
                                                   Direct         Direct   Indirect    Direct    Indirect 
                                                                  (xi)      (xii) 
----------------    ------------   ------------   -------------  -------  ----------  --------  ---------- 
 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------- 
 Type of financial   Expiration     Exercise/                     Number of voting     % of voting 
  instrument          date (xiii)    Conversion Period            rights that may       rights 
                                     (xiv)                        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            Exercise       Expiration     Exercise/       Number of voting     % of voting rights 
 financial           price         date (xvii)    Conversion       rights instrument    (xix, xx) 
 instrument                                       period           refers to 
                                                  (xviii) 
-----------------  -------------  -------------  --------------  -------------------  -------------------- 
 Contract for                                                                          Nominal   Delta 
 difference 
 relating 
 to ordinary 
 shares 
 (GB0001195089) 
-----------------  -------------  -------------  --------------                       --------  ---------- 
                                                                  8,000,000                      6.182% 
        -------------------------------------------------------  -------------------  --------  ---------- 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------- 
 Number of voting rights                            Percentage of voting rights 
-------------------------------------------------  ------------------------------------------------------- 
 8,000,000                                          6.182% 
-------------------------------------------------  ------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
---------------------------------------------------------------------------------------------------------------- 
 
   Reade Griffith holds a majority of the voting rights in Polygon Global 
   Partners LLP. Consequently, Polygon Global Partners LLP is a "controlled 
   undertaking" in relation to Mr. Griffith. 
 
 Proxy Voting: 
---------------------------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                                                               N/A 
----------------------------------------------------------------------  ---------------------------------------- 
 11. Number of voting rights proxy holder will                                                               N/A 
  cease 
  to hold: 
----------------------------------------------------------------------  ---------------------------------------- 
 12. Date on which proxy holder will cease to                                                                N/A 
  hold 
  voting rights: 
----------------------------------------------------------------------  ---------------------------------------- 
 
 
  13. Additional information:                                             Polygon Global Partners LLP is the 
                                                                          investment manager to a fund, Polygon 
                                                                          European Equity Opportunity Master 
                                                                          Fund, and a separate managed account 
                                                                          that, between them, hold the positions 
                                                                          referred to in this notification. 
----------------------------------------------------------------------  ---------------------------------------- 
 14. Contact name:                                                                              Katharine Ostrow 
----------------------------------------------------------------------  ---------------------------------------- 
 15. Contact telephone number:                                                                 +44 020 7901 8331 
----------------------------------------------------------------------  ---------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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