9 December 2019
("Brady", the "Company" or the "Group")
Brady plc (BRY.L), a leading global provider of trading, risk management and settlement solutions to the energy and commodities sectors, announces that Martin Thorneycroft is stepping down as Chief Financial Officer and has stepped down as an Executive Director of the Company with immediate effect. Martin will continue to support the business through a transition period to the end of January 2020 to coincide with the appointment of Nadya Bentley as Chief Financial Officer. Nadya will assume the role effective 2 January 2020 and it is currently expected that Nadya will be appointed to the Brady board prior to the end of January 2020.
Carmen Carey, CEO, commented "I would like to thank Martin for his contributions and dedication throughout his six-year tenure with Brady and look forward to welcoming Nadya to the team in January."
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For further information please contact:
Carmen Carey, Chief Executive Officer
Telephone: +44(0)1223 479479
Cenkos Securities plc - NOMAD and broker
Ben Jaynes / Cameron MacRitchie
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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Market Cap: £15.17 m
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