21st Dec 2010 12:01
For immediate release 21 December 2010
Brady plc
("Brady" or the "Company")
Result of General Meeting
The Board of Brady is pleased to announce that at the Company's General Meeting held earlier today all of the resolutions were duly passed, including the approval of the placing of 25,423,729 new ordinary shares at 59 pence per share to raise approximately £13.9 million after expenses (the "Placing").
Full details of the Placing were set out in a circular sent to shareholders on 29 November 2010. Application has been made for a total of 25,423,729 new ordinary shares issued pursuant to the Placing to be admitted to trading on AIM. Admission and dealing is expected to occur at 8.00 a.m. on 22 December 2010 in respect of 6,101,695 of such ordinary shares and at 8.00 a.m. on 23 December 2010 in the case of the remaining 19,322,034 ordinary shares.
Completion of the acquisition of Viz Risk Management Services AS will occur simultaneously with admission of the 19,322,034 ordinary shares at 8.00 a.m. on 23 December 2010.
Following the admission of the 6,101,695 ordinary shares on 22 December 2010 and the admission of the 19,322,034 ordinary shares on 23 December 2010, the Company's total issued share capital will be 54,020,161 ordinary shares of 1p each. This figure (54,020,161 ordinary shares) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.
For further information please contact:-
Brady plc Gavin Lavelle, Chief Executive Tony Ratcliffe, Finance Director
| Tel: 01223 479479 |
Cenkos Securities Ivonne Cantu / Camilla Hume
| Tel: 020 7397 8900
|
Buchanan Communications Tim Thompson / James Strong
| Tel: 020 7466 5000 |
Related Shares:
Brady