AIM Information

AIM Rule 26 Information

Corporate Governance

In 2014 the Group adopted the 2013 Quoted Companies Alliance Corporate Governance Code for Small and Midsized Quoted Companies (the “2013 QCA Code”) and has followed this for the past four years. In 2018 the QCA issued a revised code, the Quoted Companies Alliance (‘QCA’) Corporate Governance Code (the “QCA Code”).

The Board has adopted the QCA Code in line with the London Stock Exchange’s recent changes to the AIM Rules for Companies, requiring all AIM-listed companies to adopt and comply with a recognised corporate governance code, this Statement of Compliance follows the structure of the QCA Code and explains broadly both how we have applied the guidance and how we comply at this point in time. We will provide annual updates on our compliance with the QCA Code.

Read more here in our Corporate Governance Statement of Compliance with the QCA Corporate Governance Code

Brady plc is subject to the UK City Code on Takeovers and Mergers.

The Board is responsible for the overall management of the Group, its strategy and long-term objectives. It provides leadership to the Group, having regard to the interests of shareholders. The Board takes its corporate governance responsibilities seriously and the following statements set out the principles and methods to which it adheres.



Number of Securities in Issue

At 31st August 2018, the Company’s issued share capital consisted of 83,367,887 ordinary shares with a nominal value of 1 pence each (“Ordinary Shares”), each share having equal voting rights. There are 4,306 treasury shares in issue.


% of shares not held in public hands (including substantial shareholders > 10%) as at August 2018 is 54%

Last Updated: 26 September 2018

Board Meetings

The Chairman, in conjunction with the Chief Executive and the Company Secretary, plans the agenda for each Board meeting. That agenda is issued with supporting papers in advance of the Board meeting. These supporting papers provide the Board with appropriate information it needs to enable the Board as a whole to discharge its duties. The Board meets formally at least ten times per year to discuss strategy, direction and financial performance. The non-executive directors are invited to attend all meetings.

Board Practices

The Board has adopted a schedule of matters specifically reserved for its approval or review, including strategic operating plans, annual operating budgets, major capital expenditure and financial commitment, including acquisitions and financial performance. The Board receive monthly management reports, which are distributed electronically and presented by the Chief Financial Officer to the whole Board for review and comment.

All directors have access to the advice and services of the Company Secretary and the directors are able to seek independent professional advice if necessary at the Company’s expense.

 

Click here for Matters reserved for the Board

Details of Other Exchanges or Trading Platforms

The company is not listed on any other exchanges or trading platforms

Details of Any Restrictions on the Transfer of Securities

There are no restrictions on the transfer of securities.

Country of Incorporation

Brady plc, a public limited company, is the Group’s ultimate parent company. It is registered in England and Wales. The group’s main countries of operation are the UK, Switzerland and Norway.

Nominated Adviser

Cenkos Securities plc
6.7.8 Tokenhouse Yard
London
EC2R 7AS

Registrars

Equiniti
Aspect House
Spencer Road
Lancing
BN99 6ZL

Bankers

Barclays Bank plc
Mortlock House
Vision Park
Histon
Cambridge
CB24 9DE

Auditors

Grant Thornton UK LLP
101 Cambridge Science Park
Milton Road
Cambridge
CB4 0FY