RCS - Braemar PLC - Braemar-New Tanker Desk and Opens Spanish Office

BraemarAnnouncement

06/12/2022 07:00

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RNS Number : 6679I  Braemar PLC  06 December 2022

 

6 December 2022

 

 

BRAEMAR PLC

("Braemar", or the "Group")

 

 

Braemar Recruits New Tanker Desk and Opens Spanish Office

 

·    Braemar has acquired an experienced 10-strong team with a long
history of high performance.

·    The team are specialists in crude, dirty products, clean products,
and period chartering.

·    The desk is a strong, synergistic complement to Braemar's tanker
desks in London and Geneva

 

Braemar Plc (LSE: BMS), a leading international shipbroker and provider of
expert advice in shipping investment, chartering and risk management services,
is pleased to announce that it has recruited a new tanker broking team, based
in Madrid, Spain.

The highly experienced team of 10 brokers is renowned within the international
tanker market, and previously worked for Medco Shipbrokers SL. The team
specialises in crude, dirty products, clean products, and period chartering.

The new desk's offering and client base will complement those of Braemar's
existing tanker desks in London and Geneva, strengthen Braemar's global
coverage, and bring new commercial relationships to the Group.

The recruitment of the team has been actioned through the acquisition of a
newly established Spanish company that has been formed to employ the brokers
locally and which is wholly owned by Braemar.

Tris Simmonds, Braemar COO, said, "I am delighted to welcome the new Spanish
tanker team to Braemar. They have an exceptional track record spanning over 30
years and bring with them a well-established customer base that will enhance
our presence in the global tanker market. Expanding into new markets has
always been part of our strategy, and the recruitment of this Madrid-based
team is our next step in executing our growth plan."

Lalo Pacheco, Spanish desk head, said, "We are delighted to join Braemar and
look forward to working together to form a formidable partnership and to
strengthen our service to our loyal clients. We are excited about the future
and the potential to grow and develop as part of a powerful global team."

 

ENDS

 

 

For further information, contact:

 Braemar Plc
 James Gundy, Group Chief Executive Officer        Tel +44 (0) 20 3142 4100
 Nick Stone, Chief Financial Officer
 Investec Bank plc
 Gary Clarence / Harry Hargreaves / Alice King     Tel +44 (0) 20 7597 5970
 Cenkos Securities plc

 Ben Jeynes / Max Gould (Corporate Finance)        Tel +44 (0) 20 7397 8900

 Alex Pollen / Leif Powis (Sales)
 Buchanan
 Charles Ryland / Jack Devoy / Jamie Hooper        Tel +44 (0) 20 7466 5000

 

Notes to Editors:

 

Images

Image (https://braemar.com/wp-content/uploads/2022/05/Tris_Simmonds.jpg) of
Tris Simmonds, Chief Operating Officer at Braemar.

 

About Braemar Plc

Braemar provides expert advice in shipping investment, chartering, and risk
management to enable its clients to secure sustainable returns and mitigate
risk in the volatile world of shipping. 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.

 

Braemar joined the Official List of the London Stock Exchange in November 1997
and trades under the symbol BMS.

 

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

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