7 June 2016: Brady plc appoints Ian Jenks as Non-Executive Chairman


Brady plc, the leading global provider of trading, risk management and settlement solutions to the energy, commodities and recycling sectors, is pleased to announce the appointment of Ian Jenks as Non-Executive Chairman with immediate effect. Ian’s appointment follows the recent announcement that Paul Fullagar has decided to retire from his role as Chairman.

Ian Jenks has significant experience working with software companies, and currently holds a number of senior roles including Chairman of listed company Birdstep Technology ASA and Senior Independent Director of Paysafe PLC. Ian is also a Non-Executive Director of a number private companies including Nexeon Limited, Smartkem Limited, Econic Limited and Seren Phonics Limited. Previously, Ian was a partner in Crescendo Ventures LLP, Chairman of Oplink Communications Inc. and President of JDS Uniphase Inc. Further information on Mr. Jenks, as required by Schedule 2(g) of the AIM Rules for Companies is included in the Appendix below.

Outgoing Chairman Paul Fullagar said,

“I wish to thank all shareholders for their support over the last nine years. During this time the Company has achieved much. In this period revenues have increased six fold. We have strengthened our position as the leading provider of risk management and settlement solutions to companies all around the world. We now have over 400 customers and are able to service them through offices in Europe, the USA and Asia, and support their requirements across commodities, energy and recycling. I am very happy to hand over the role of Chairman to Ian Jenks. He has fantastic experience building technology companies and I’m sure under his tenure Brady will enjoy even further growth.”

Disclosures

Brady plc

Gavin Lavelle, Chief Executive Officer

Martin Thorneycroft, Finance Director

Telephone: +44(0)1223 479479
Cenkos Securities plc

Ivonne Cantu (Nomad)

Oliver Baxendale (Sales)

Telephone: +44 (0)20 7397 8900
Redleaf Communications

Charlie Geller

Telephone: +44 (0)20 7382 4730

Harriet Lynch

 

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

APPENDIX

Additional information in relation to Ian Tudor Jenks (aged 62)

Mr. Jenks is also a director of

Startkem Limited

Nexeon Limited

Birdstep Technology ASA

Econic Limited

Seren Phonics Limited

In the past five years, Mr. Jenks has been a director of

Transmode AB

Intune Network Limited

Evo Electric Limited

Quantasol Limited

British Photovoltaic Association

7 June 2016: Brady plc appoints Ian Jenks as Non-Executive Chairman