(Alliance News) - Brady PLC on Thursday confirmed it is pushing ahead with funding initiatives to provide it with access to GBP1.5 million to meet working capital requirements.
The risk management solutions provider is seeking additional working capital to support existing operations prior to the end of November.
In addition, the AIM-listed company expects its forward-looking strategic product plan, intended to expand market reach, would throughout the course of its full multi-year implementation require up to a maximum of GBP15 million of capital to implement.
Therefore, Brady intends to pursue financing options to carry out the strategy.
Brady shares were trading 1.8% higher in London on Thursday at 24.42 pence each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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