Brady plc AGM Statement (8246F)
May 22 2017 - 4:45AM
UK Regulatory
TIDMBRY
RNS Number : 8246F
Brady plc
22 May 2017
22 May 2017
Brady plc ("Brady" or the "Group")
Trading 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, Ian Jenks, Executive Chairman of Brady plc, will
make the following statement:
" The Company has made sound progress in the first four months
of the year and trading is in line with expectations.
We have finalized our strategy and are continuously adding new
"microservices" to our solutions inventory. Microservices built
with the Brady framework are now the default development
methodology across the Company. This is a result of the functional
alignment and integration which has been implemented in the last
months and which allows the Company to scale efficiently.
I am particularly pleased to announce the first two deals for
the new value enablement team who, in May, i) signed a contract
with China Construction Bank Investment (CCBI) Metdist a Category 1
LME trading member and ii) signed a contract with WSFO Limited who
will be using our solution to trade on I-SEM (Irish integrated
single electricity market). Both contracts have been signed on an
annual recurring license model.
The re-structuring of the Group continues and I look forward to
providing a further update in the Interim Results."
For further information please contact:
Brady plc Telephone: +44(0)1223 479479
Ian Jenks, Executive Chairman
Martin Thorneycroft, Finance Director
Cenkos Securities plc Telephone: +44 (0)20 7397
Ivonne Cantu (Nomad) 8900
Alex Aylen (Sales)
Redleaf Polhill Telephone: +44 (0)20 7382
Charlie Geller / Elise Palmer / Sam 4730
Modlin
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGMOKBDQCBKKBPB
(END) Dow Jones Newswires
May 22, 2017 05:45 ET (09:45 GMT)
Brady (LSE:BRY)
Historical Stock Chart
From Apr 2024 to May 2024
Brady (LSE:BRY)
Historical Stock Chart
From May 2023 to May 2024