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Brady

  • BY: Andrew Hore |
  • POSTED: 07/04/2010 |

Robert Brady, the founder of the eponymous risk management software provider, has sold 1.8m shares to a new institutional shareholder.

Brady sold the shares at 69p each, slightly higher than the market price, and raised £1.24m from the disposal. The new shareholder has not been announced but it owns more than 6% of Brady so it will be revealed in the next few days. 

Robert Brady recently stepped down from his position as chief technology officer but he retains a 25.6% stake in the company.

At 67.5p a share, Brady is valued at £19.1m.

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