Braemar Shipping Services PLC Appointment of Finance Director (3187K)

TIDMBMS

RNS Number : 3187K

Braemar Shipping Services PLC

13 December 2018

BRAEMAR SHIPPING SERVICES PLC

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

13 December 2018

Appointment of Finance Director

Braemar Shipping Services plc (LSE: BMS), a leading international provider of broking, financial, consultancy, technical and logistics services to the shipping, marine, energy, offshore and insurance industries, is pleased to announce that Nick Stone has been appointed as Group Finance Director.

Nick will join the Company, and be appointed to the Board, following his release from his current employment, which is expected to be in the second quarter of 2019. The date will be confirmed in due course. Following a handover period, James Hayward, interim Chief Financial Officer, will leave the Company.

Nick is an experienced Finance Director with substantial experience in both knowledge and skill-based services businesses and public companies. He is currently Group Chief Financial Officer of The Appointment Group Limited and has previously been a director of Hornby PLC, prior to which he held various positions, including that of Group Finance Director, over eleven years with KBC Advanced Technologies Plc.

The Company is also continuing its process to appoint a new Non-Executive Chairman and a further announcement will be made in due course.

James Kidwell, Chief Executive of Braemar said: "I am delighted to announce the appointment of Nick to the Board and to the role of Group Finance Director. Nick has a strong track record of leading finance teams and his appointment will strengthen the Group's leadership team as it continues to focus on delivering higher value-added consultancy and professional services. I would like to thank James Hayward for his hard work."

Listing Rule 9.6.13 disclosures

Save for the past directorship of Hornby PLC mentioned above, Braemar confirms that there are no disclosures to be made in respect of Nick for the purposes of Listing Rule 9.6.13.

-ENDS-

For further information, contact:

 
 Braemar Shipping Services 
  James Kidwell, Chief Executive           Tel [phone] 
  James Hayward, Interim Chief Financial 
   Officer 
   Peter Mason, Company Secretary 
 
 Stockdale Securities 
  Robert Finlay / Antonio Bossi / Henry    Tel [phone] 
   Willcocks 
 
 Buchanan 
  Charles Ryland / Stephanie Watson        Tel [phone] 
   / Matilda Abraham 
 

Notes to Editors:

About Braemar Shipping Services plc

Braemar Shipping Services plc is a leading international provider of knowledge and skill-based services to the shipping, marine, energy, offshore and insurance industries. Founded in 1972, Braemar employs approximately 750 people in more than 60 locations worldwide across its Shipbroking, Technical, Logistics 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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

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December 13, 2018 02:01 ET (07:01 GMT)