RCS - Braemar PLC - Opening of First African Office in Cape Town

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RNS Number : 8212Q  Braemar PLC  14 July 2025

 

RNS REACH

14 July 2025

BRAEMAR PLC

("Braemar" or the "Company")

Opening of First African Office in Cape Town

 

Braemar Plc (LSE: BMS), a leading provider of expert investment, chartering,
and risk management advice to the shipping and energy markets, is pleased to
announce the opening of its first office in Africa, located in Cape Town,
South Africa.

 

This latest office opening marks a significant step towards the recently
announced targets under Braemar's new strategic framework. The framework
supports the delivery of the Group's ongoing growth strategy by driving
operational excellence, diversification and consolidation, with operational
targets for FY26 and financial targets for FY30, including expansion into one
new jurisdiction by FY26.

 

The office, which will initially offer tanker chartering services, will be led
by Bryn Ressell and Clinton Schultz. Bryn brings over 35 years of experience
in the oil and shipping industry, whilst Clinton has over 27 years of broking
experience. Completing the team is Monica Solomons, who brings 20 years of
experience in shipping operations and administration.

 

The South Africa launch takes Braemar's global footprint to 19 offices across
14 countries.

 

Bryn Ressell, Head of Braemar South Africa, commented: "We are delighted to be
joining Braemar and launching the South African office. Combining Braemar's
global footprint and experience, with our in-depth knowledge of the local
market, we look forward to working with our new colleagues and servicing our
clients."

 

Commenting, James Gundy, Group CEO of Braemar said: "This is an exciting
milestone for Braemar as we expand into Africa for the first time. Our new
Cape Town office reflects our commitment to broadening our reach into key
strategic markets and delivering against our strategic framework. I'm
delighted to welcome Bryn, Clinton and Monica to the Group and we are excited
by the opportunity this presents and look forward to continuing to build upon
our presence in the region."

 

Enquiries:

 Braemar Plc                                                 Tel: +44 (0)20 3142 4100
 James Gundy, Group Chief Executive Officer
 Grant Foley, Group Chief Financial & Operating Officer
 Rebecca-Joy Wekwete, Company Secretary

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

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

 

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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