REG - Braemar PLC - AGM Statement

BraemarAnnouncement

03/07/2024 07:00

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RNS Number : 8361U  Braemar PLC  03 July 2024

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INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU NO.
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IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

 

3 July 2024

BRAEMAR PLC

("Braemar", the "Company" and together with its subsidiaries the "Group")

 

AGM Statement

 

Braemar Plc (LSE: BMS), a leading provider of expert investment, chartering
and risk management advice, provides the following trading update ahead of its
Annual General Meeting to be held later today.

Further to the update provided in the FY24 results announcement issued on 23
May 2024, the board is pleased to report that the Group has continued to trade
well and that performance in FY25 to date is in line with expectation(1).

The Group remains focused on its stated growth strategy and the board looks to
the year ahead and beyond with confidence.

1.   Company compiled consensus as at the date of this announcement: FY25
revenue of £152.7m and FY25 underlying operating profit (before
acquisition-related expenditure) of £18.2m.

 

For further information, contact:

 Braemar Plc
 James Gundy, Group Chief Executive Officer                         Tel +44 (0) 20 3142 4100
 Grant Foley, Group Chief Financial Officer

 Rebecca-Joy Wekwete, Company Secretary

 Burson Buchanan
 Charles Ryland / Stephanie Whitmore / Jack Devoy / Abby Gilchrist  Tel +44 (0) 20 7466 5000

 Investec Bank plc
 Gary Clarence / Alice King                                         Tel +44 (0) 20 7597 5970

 Cavendish Capital Markets Limited

 Ben Jeynes / Matt Lewis (Corporate Finance)                        Tel +44 (0) 20 7220 0500

 Leif Powis / Dale Bellis / Charlie Combe (Sales & ECM)

 

Notes to Editors:

About Braemar Plc

Braemar provides expert investment, chartering, and risk management advice
that 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.

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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