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Result of General Meeting

21st Dec 2010 12:01

RNS Number : 3664Y
Brady plc
21 December 2010
 



 

 

 

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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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