26 Mar 2013 15:24
26 March 2013
Brady plc ("Brady" or the "Company")
Issue of Equity
The Company announces that, following the acquisition of Systems Alternatives International LLC ("SAI") in November 2012, the financial targets set for SAI to achieve in the period from acquisition to 31 December 2012 have been exceeded. The deferred contingent consideration of US$200,000 payable will be satisfied by the issuance of 150,572 ordinary shares in the Company of 1 pence each ("Ordinary Shares"). The Company has applied for 150,572 Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings will commence in these Ordinary Shares at 8.00 a.m. on 3 April 2013.
Following admission of the 150,572 new ordinary shares the Company's capital consists of 80,782,134 ordinary shares. The number of ordinary shares held in treasury is 4,306. Therefore, the total number of voting rights in Brady is 80,777,828.
The above figure (80,777,828) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Brady under the FSA's Disclosure and Transparency Rules.
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 7566 6720
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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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