30 May 2019
("Brady", the "Company" or the "Group")
AGM Trading Statement
Brady plc (BRY.L), a leading global provider of trading, risk management and settlement solutions to the energy and commodities sectors is holding its Annual General Meeting ("AGM") at 12.00pm today.
At the AGM, Ian Jenks, Non- Executive Chairman of Brady plc, will make the following statement:
"The Company has made substantial progress in the first four months of the year. As a result, we are delighted to report that trading to the end of April 2019 is in line with management's expectations. Under the leadership of our new Chief Executive, Carmen Carey, our new sales pipeline is building, and I look forward to providing a further update in the Interim Results which we expect to be released in September.
In March 2019 we strengthened our Board with the Non-Executive appointments of Dan Look (former head of the commodity and energy trading consulting group at Baringa) and Iain Greig (former CTO of LME Clear). Their market and technical expertise, together with their enthusiasm is already starting to have a positive effect within the Company."
For further information please contact:
Carmen Carey, Chief Executive Officer
Martin Thorneycroft, Chief Financial Officer
Telephone: +44(0)1223 479479
Cenkos Securities plc - NOMAD and broker
Telephone: +44 (0)20 7397 8900
Bob Huxford / Ian Silvera/ Megan Kovach
Telephone: +44 (0)20 7382 4730
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 and unrefined, soft commodities and agriculturals.
Brady has 30 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, 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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