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13 May 2016 07:00
13 May 2016
Brady plc ("Brady" or the "Group")
AGM Statement
Brady plc, the leading global provider of trading, risk management and settlement solutions to the energy, commodities and recycling sectors is holding its AGM today, at 12.00pm at Riverside House, 2A Southwark Bridge Rd, London SE1 9HA.
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 the first quarter's results were in line with management's expectations.
The Recycling Division has signed a deal with SA Recycling to manage its acquisition of Newell Industries. This has increased the number of recycling facilities supported by our software by 17 to a total of 70 sites.
The Energy Division has signed a cloud-based deal with a major US renewables company and a significant credit risk service contract with one of the world's best known oil companies.
The Commodities Division signed a significant service deal with a major Chinese trading company to support its global cotton trading business.
We look forward to reporting deal flow and business progress as the Group enters the traditionally busy second quarter. We will provide a further update in the Interim Results.
After nine years as Chairman, I plan to retire from the Board this summer and the process to appoint a new chairman is well advanced. "
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 Communications Charlie Geller | Telephone: +44 (0)20 7382 4730
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Harriet Lynch
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 400 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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