REG - Braemar Shipping - Block Listing Application

BraemarAnnouncement

09/03/2022 13:00

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RNS Number : 2152E  Braemar Shipping Services PLC  09 March 2022

 

 

 

 

 

9 March 2022

 

BRAEMAR SHIPPING SERVICES PLC

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

Block Listing Application

 

Braemar (LSE: BMS), a leading international Shipbroker and provider of expert
advice in shipping investment, chartering and risk management, announces that
a block listing application has been made for 550,000 ordinary shares of 10p
each in the Company (the "Shares") to be admitted to the Official List of the
UK Listing Authority and to trading on the main market of the London Stock
Exchange.

The Shares will be issued from time to time pursuant to the exercise of share
options granted under the following Braemar 'Save As You Earn' ("SAYE")
schemes:

 Scheme                      No. of Ordinary Shares
 United Kingdom SAYE scheme  414,000
 International SAYE Scheme   136,000

 

The Shares shall, on issue, rank pari passu with the existing ordinary shares
in issue and will be allotted from time to time in accordance with the
exercise of options under the SAYE. More information on the SAYE can be found
in the Company's 2021 Annual Report.

It is expected that admission will become effective on 14 March 2022.
Following admission, the Company's issued share capital remains unchanged at
32,200,279 ordinary shares.

 

For further information, contact:

 Braemar Shipping Services
 James Gundy, Group Chief Executive Officer                              Tel +44 (0) 20 3142 4100
 Nick Stone, Group Chief Financial Officer
 Peter Mason, Company Secretary

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

 Buchanan
 Charles Ryland / Victoria Hayns / Stephanie Whitmore / Matilda Abraham  Tel +44 (0) 20 7466 5000

 

Notes to Editors:

About Braemar Shipping Services Plc

Braemar is a leading international Shipbroker and provider of expert advice in
shipping investment, chartering and risk management. Braemar employs
approximately 370 employees in 14 offices worldwide across its Shipbroking and
Financial divisions.

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/)

 

 

 

 

 

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