Brady plc AGM Statement (8246F)

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: [phone] 
  Ian Jenks, Executive Chairman 
  Martin Thorneycroft, Finance Director 
  Cenkos Securities plc                    Telephone: [phone] 
   Ivonne Cantu (Nomad)                     8900 
   Alex Aylen (Sales) 
 Redleaf Polhill                          Telephone: [phone] 
  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

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May 22, 2017 05:45 ET (09:45 GMT)