REG - Braemar PLC - Issue of Shares

BraemarAnnouncement

01/02/2023 13:00

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RNS Number : 6183O  Braemar PLC  01 February 2023

 

1 February 2023

BRAEMAR PLC

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

Issue of Shares

 

Braemar, a leading international Shipbroker and provider of expert advice in
shipping investment, chartering and risk management announces that application
has been made for 253,434 new ordinary shares of 10p each in the capital of
the Company ("Ordinary Shares") to be admitted to the Official List of the
Financial Conduct Authority and to trading on London Stock Exchange's Main
Market for listed securities ("Admission"). It is expected Admission will
become effective and trading will commence at 8.00 a.m. on 7 February 2023.

The new Ordinary Shares will rank pari passu with the existing Ordinary Shares
of the Company.

The new Ordinary Shares have been allotted as part of the recruitment of
Braemar's new tanker broking team based in Madrid, Spain, as announced by the
Company on 6 December 2022.

Following Admission and allotment of the shares, the Company's issued share
capital will comprise  32,919,252 Ordinary Shares, which figure may be used
by shareholders in the Company as the denominator for the calculations by
which they will determine if they are required to notify their interest in, or
a change in their interest in, the share capital of the Company under the
FCA's Disclosure Guidance and Transparency Rules. The Company does not hold
any shares in treasury.

For further information, contact:

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

 Rebecca-Joy Wekwete, Company Secretary
 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/ Stephanie Whitmore / Jack Devoy  Tel +44 (0) 20 7466 5000

 

 

 

 

Notes to Editors:

 

About Braemar

 

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.

Braemar's experienced brokers work in tandem with specialist professionals to
form teams tailored to its customers' needs, and provides 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, please
 visit www.braemar.com (http://www.braemar.com/)  and follow Braemar
 on LinkedIn (https://www.linkedin.com/company/braemar-ltd/) .

 

 

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