27 Apr 2015 07:00
27 April 2015
Brady plc ("Brady" or the "Group")
AGM Statement
Brady, the leading global provider of trading, risk management and settlement solutions to the energy, commodities and recycling sectors is holding its AGM today.
At the AGM, Paul Fullagar, Chairman of Brady plc, will make the following statement:
"The Group has continued to make progress in the year to date and remains on track to deliver market expectations.
The Energy business unit continues to gain momentum, signing two new deals for its Energy Data Management solution and migrating another strategically important customer to its go forward Energy Trading and Risk Management platform.
The Recycling business unit has installed and recognised revenue from the sale of software to a US recycler at the end of 2014.
The Commodities business unit is continuing with the global installations of the software sold in the previous years.
I look forward to reportingfurther deal flow and business progress as the Group enters the traditionally busy second quarter. We will provide a further update at the interim results."
For further information please contact:
Brady plc Gavin Lavelle, Chief Executive Officer Martin Thorneycroft, Finance Director | Telephone: +44(0)1223 479479 |
Cenkos Securities plc Ivonne Cantu (Nomad) Oliver Baxendale (Sales)
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Telephone: +44 (0)20 7397 8900 |
Redleaf Polhill Charlie Geller | Telephone: +44 (0)20 7382 4730
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David Ison
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, 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 300 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
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