RCS - Braemar PLC - Braemar Continues to Build its Securities Offering

BraemarAnnouncement

03/11/2022 14:15

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RNS Number : 2641F  Braemar PLC  03 November 2022

RNS
Reach
                                3 November
2022

BRAEMAR PLC

("Braemar", the "Company" or the "Group")

Braemar Continues to Build its Securities Offering

 

·    Ten-strong Natural Gas desk will all start work at Braemar in
November

·    The new desk will primarily broke EU gas, UK National Balancing Point
(NBP) gas, and LNG, as well as European Union carbon allowances (EUAs)

·    The desk is a natural complement to Braemar's Securities desks

 

Braemar (LSE: BMS), a provider of expert investment, chartering, and risk
management advice to the shipping and energy markets, today announces the
launch of a ten-strong Natural Gas desk. Braemar is responding to a clear need
in the Energy market for assistance navigating volatile rate changes and price
fluctuations.

 

The Natural Gas desk is another addition to Braemar's Securities offering,
which has substantially grown revenue and market share in recent years.
Braemar's Dry Cargo FFA, Coal (physical and derivatives), and Wet FFA desks
now employ almost 30 people. Braemar's Securities desks contributes more than
12% to Braemar's total revenue.

 

The launch of Braemar's Natural Gas desk follows the successful acquisition
and integration of Atlantic Brokers in 2018, the launch of BraemarScreen.com
in 2020 that brought new levels of price transparency to dry freight
derivatives, and a highly successful two-decade Wet FFA partnership with GFI.

 

Braemar's Natural Gas desk will primarily deal in EU gas, UK NBP gas
(https://en.wikipedia.org/wiki/National_Balancing_Point_(UK)) , and LNG. It
will also broke EUA
(https://climate.ec.europa.eu/eu-action/eu-emissions-trading-system-eu-ets_en)
(Carbon ETS) allowances. The desk serves a sophisticated and demanding client
base, including many of Europe's leading energy companies as well as banks and
hedge funds, and Braemar's new brokers are well-known in the markets for their
long track record of success. The team is in place and will start trading as
soon as all regulatory requirements are fulfilled.

 

Tris Simmonds, COO of Braemar, commented, "Providing access to more energy
products was always part of our growth strategy, there are clear synergies
with our shipping desks and our clients need greater market access. We've
brought in a talented young team with a good track record. They will provide
us with a strong platform to add more products."

 

Newly appointed Marc Jarvis, Head of Natural Gas at Braemar Securities Ltd,
commented, "We're excited to be joining Braemar, a company that shares our
values and our ambitions. The Wet and Dry Cargo FFA desks have strong
reputations and market share. We have similar client bases, and there is great
opportunity to expand the breadth of activities."

 

 

ENDS

About Braemar Plc ("Braemar")

Braemar provides expert advice in investment, chartering, and risk management
to enable its clients to secure sustainable returns and mitigate risk in the
volatile world of shipping and energy. Our experienced brokers work in tandem
with specialist professionals to form teams tailored to our customers' needs,
and provide an integrated service supported by a collaborative culture.

 

For more information, including our investor presentation, please visit
www.braemar.com (http://www.braemar.com) and follow Braemar on LinkedIn
(https://www.linkedin.com/company/braemar-ltd/) .

 

Contact

Nick Arthur

Head of Corporate Affairs

+44 7732 874708

nick.arthur@braemar.com

 

Buchanan

Charles Ryland / Stephanie Whitmore / Jack Devoy

Tel +44 (0) 20 7466 5000

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