Brady plc TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES (8986U)
24 January 2017 - 6:00PM
UK Regulatory
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
gcairoli@coltraneam.com
------------------------------------ ---------------------------
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
gcairoli@coltraneam.com
------------------------------------ ---------------------------
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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