REG - Braemar PLC - Board Changes

BraemarAnnouncement

27/05/2026 07:00

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RNS Number : 7700F  Braemar PLC  27 May 2026

 

27 May 2026

 

BRAEMAR PLC

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

Board Changes

Braemar Plc (LSE: BMS), a leading provider of expert chartering, investment
and risk management advice to the shipping and energy markets, is pleased to
announce the appointment of Richard Prince as an independent non-executive
director with effect from 27 May 2026. Richard will also become a member of
the Remuneration Committee and Audit & Risk Committee upon appointment.

With over 30 years' experience across the shipping and oil markets, Richard
brings extensive expertise in commercial shipping, maritime logistics and
global energy transportation.

Until recently, Richard served as Global Co-Head of ST Shipping and Transport
Ltd, the shipping arm of FTSE 100 multinational commodity trading and mining
company, Glencore, where he spent two decades in leadership roles. Prior to
joining Glencore, he was an established tanker broker, holding positions with
leading shipbroking firms including Simpson Spence & Young (SSY),
Sovereign and Harris & Dixon. Richard previously served on the board of
Frontline Plc as a non-executive director until March 2026.

Separately, Catriona ("Cat") Valentine has informed the board that she will
not seek re-election as a non-executive director of the Company at the Annual
General Meeting on 2 July 2026, following three years on the board.

Nigel Payne, Non-executive Chairman said:

"We are delighted to welcome Richard to the board. He brings highly relevant
leadership experience, with a depth of expertise in the shipping and energy
markets. We look forward to welcoming him to the Group and benefitting from
his knowledge and skills as we continue to execute our growth strategy and
progress towards our FY30 ambition of becoming a £200m revenue business with
a 15% operating margin.

On behalf of the board and everyone at Braemar, I would like to thank Cat for
her commitment and contribution to the Group over the past three years and we
wish her well in her future endeavours."

Richard Prince commented:

"Braemar is well known in the shipping and energy markets for the quality of
its advice, and the strength of its people and culture. The Group is at an
exciting moment in its growth journey with a clear strategy in place and I am
delighted to be joining the board to support delivery against our objectives."

This announcement is made pursuant to UKLR 6.4.6.

Enquiries:

 Braemar Plc                                 Tel: +44 (0)20 3142 4100
 Nigel Payne, Non-executive Chairman

 Houston                                     Tel: +44 (0)20 4529 0549
 Kate Hoare / Charlie Barker / Polly Clarke

 Canaccord Genuity                           Tel: +44 (0) 20 7523 8000
 Adam James / Harry Rees

 

About Braemar Plc

Braemar provides expert advice in chartering, investment 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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