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29 Apr 2013 07:00
29 April 2013
Brady plc ("Brady" or the "Group")
AGM Statement
Brady, the leading global provider of trading, risk management and settlement solutions to the energy, metals, recycling and commodities 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, signing new business across all four business units. In particular, the Group is happy to report that the Brady Energy business unit has made significant progress following the restructure with a coherent streamlined organisation, a much strengthened sales team, a consolidated solution offering and benefiting from the reduced cost base. This business unit has signed a number of new licence contracts as well as two deals providing substantial recurring revenues.
I look forward to reporting further deal flow and business updates as the Group enters the traditionally busy second quarter. We will provide a further update on progress at the interim results."
For further information please contact:
Brady plc Gavin Lavelle, Chief Executive Officer Tony Ratcliffe, Finance Director | Telephone: +44(0)1223 479479 |
Cenkos Securities plc Ivonne Cantu / Camilla Hume Alex Aylen (Sales)
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Telephone: +44 (0)20 7397 8900 |
Redleaf Polhill Rebecca Sanders-Hewett / David Ison | Telephone: +44 (0)20 7382 4730
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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 25 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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