6 Jun 2016 12:20
6 June 2016
Brady plc ("Brady" or the "Group")
Appointment of Non-Executive Chairman
Brady plc, the leading global provider of trading, risk management and settlement solutions to the energy, commodities and recycling sectors, is pleased to announce the appointment of Ian Jenks as Non-Executive Chairman with immediate effect. Ian's appointment follows the recent announcement that Paul Fullagar has decided to retire from his role as Chairman.
Ian Jenks has significant experience working with software companies, and currently holds a number of senior roles including Chairman of listed company Birdtsep Technologies ASA and Senior Independent Director of Paysafe PLC. Ian is also a Non-Executive Director of a number private companies including Nexeon Limited, Smartkem Limited, Econic Limited and Seren Phonics Limited. Previously, Ian was a partner in Crescendo Ventures LLP, Chairman of Oplink Communications Inc. and President of JDS Uniphase Inc. Further information on Mr. Jenks, as required by Schedule 2(g) of the AIM Rules for Companies is included in the Appendix below.
Outgoing Chairman Paul Fullagar said,
"I wish to thank all shareholders for their support over the last nine years. During this time the Company has achieved much. In this period revenues have increased six fold. We have strengthened our position as the leading provider of risk management and settlement solutions to companies all around the world. We now have over 400 customers and are able to service them through offices in Europe, the USA and Asia, and support their requirements across commodities, energy and recycling. I am very happy to hand over the role of Chairman to Ian Jenks. He has fantastic experience building technology companies and I'm sure under his tenure Brady will enjoy even further growth."
Disclosures
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
Brady plc: Twitter/Facebook/LinkedIn
APPENDIX
Additional information in relation to Ian Tudor Jenks (aged 62)
Mr. Jenks is also a director of
Startkem Limited
Nexeon Limited
Bridstep Technologies ASA
Econic Limited
Seren Phonics Limited
In the past five years, Mr. Jenks has been a director of
Transmode AB
Intune Network Limited
Evo Electric Limited
Quantasol Limited
British Photovoltaic Association
Mr. Jenks was the Director and interim CEO of Intune Networks and subsidiary companies from 2008 to 2013. Intune Networks was put into Trading Receivership in December 2013 by its shareholders. There are no outstanding issues relating to the receivership.
There is no further information required to be disclosed in respect of the above appointment pursuant to Schedule 2(g) of the AIM Rules for Companies