TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

RNS Number : 7972Z

Brady plc

17 March 2017

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:ii				Brady PLC
2 Reason for the notification(please tick the appropriate box or boxes):
An acquisition or disposal of voting rights					Yes
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) subject to the notification obligation:iii		Kestrel Partners LLP
4. Full name of shareholder(s) (if different from 3.):iv		Kestrel Opportunities, a cell of Guernsey Portfolios PCC Ltd (through BNY Mellon Nominees Limited) and various other clients of Kestrel Partners LLP (through JIM Nominees Ltd and through Bank of New York Nominees Ltd)
5. Date of the transaction and date on which the threshold is crossed or reached:v		14 March 2017
6. Date on which issuer notified:		16 March 2017
7. Threshold(s) that is/are crossed or reached:vi, vii		through 24%

8. Notified details:

A: Voting rights attached to sharesviii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights x

Direct

Directxi

Indirectxii

Direct

Indirect

Ordinary Shares of 1p each ISIN GB00B0188P35

19,896,850

19,896,850

n/a

n/a

20,071,850

n/a

24.11%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration datexiii

Exercise/ Conversion Periodxiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

n/a

n/a

n/a

n/a

n/a

C: Financial Instruments with similar economic effect to Qualifying Financial Instrumentsxv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration datexvii

Exercise/ Conversion periodxviii

Number of voting rights instrument refers to

% of voting rightsxix, xx

n/a

n/a

n/a

n/a

n/a

Nominal

Delta

n/a

n/a

Total (A+B+C)

Number of voting rights

Percentage of voting rights

20,071,850

24.11%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:xxi
Indirect - BNY Mellon Nominees Limited - 15,703,483 Shares. 18.86% of voting rights Indirect - JIM Nominees Limited - 1,979,995 Shares. 2.38% of voting rights Indirect - Bank of New York Nominees Ltd - 2,388,372 Shares. 2.87% of voting rights
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:	Disclosure based on Total voting rights of 83,263,581 The indirect voting rights held under (9) relate to shares held in client portfolios managed by Kestrel Partners LLP under discretionary investment management agreements
14. Contact name:	Ian Forrest
15. Contact telephone number:	0203 371 6100

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