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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Braemar Plc | LSE:BMS | London | Ordinary Share | GB0000600931 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.00 | 0.36% | 275.00 | 270.00 | 280.00 | 5,201 | 16:35:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Water Transport Svcs, Nec | 152.91M | 4.6M | 0.1396 | 19.63 | 90.21M |
TIDMBMS
RNS Number : 1098N
Braemar Shipping Services PLC
27 January 2021
BRAEMAR SHIPPING SERVICES PLC
("Braemar", the "Company" or the "Group")
Potential Sale of 9.6 million AqualisBraemar LOC ASA Shares
Braemar would like to draw shareholders' attention to the announcement released today on the Oslo Bors in relation to a potential sale of up to 9,600,000 existing shares in AqualisBraemar LOC ASA owned by Braemar (the "Potential Sale"). There is no certainty that the Potential Sale will be successful nor as to the terms of the Potential Sale. Further announcements will be made as appropriate.
An extract from the Announcement is copied below:
Braemar Shipping Services PLC ("Braemar") has retained Sparebank 1 Markets AS (the "Bookrunner") as sole bookrunner to explore the sale of up to 9,600,000 existing shares in AqualisBraemar LOC ASA (the "Company" or "Aqualis"), representing approximately 10.37% of the share capital and voting rights in the Company (the "Placing"). The Placing is to be conducted as an accelerated bookbuilding process.
The bookbuilding process will commence immediately following the publication of this announcement and may be closed at short notice at the full discretion of the Bookrunner. A further announcement will be made following pricing of the shares in the Placing. Braemar reserves the right, at its own discretion, to sell fewer shares or no shares at all. Assuming all the shares available in the Placing are sold, Braemar will hold 9,640,621 shares in Aqualis.
Braemar currently holds 19,240,621 shares in the Company, equivalent to 20.79% of the share capital and voting rights. Braemar will enter into a customary 90 days lock-up for its remaining shares in the Company not sold in the Placing. Braemar is represented on the Board of Directors of the Company, through board member Ron Series.
For further information, contact:
Braemar Shipping Services Plc Ron Series, Executive Chairman Tel +44 (0) 20 3142 4100 Nick Stone, Finance Director Peter Mason, Company Secretary finnCap Matt Goode/ James Thompson/ Kate Tel +44 (0) 20 7220 0500 Washington Buchanan Charles Ryland / Stephanie Watson Tel +44 (0) 20 7466 5000 / Matilda Abraham
Notes to Editors:
About Braemar Shipping Services Plc
Braemar Shipping Services Plc is a leading international provider of shipbroking, financial advisory and logistics services principally to the shipping and energy industries. Founded in 1972, Braemar employs approximately 530 people in 28 offices worldwide across its Shipbroking, Financial, Logistics and Engineering 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
Where this announcement contains links to websites and information owned or provided by third parties, they are provided for information only. Such links should not be interpreted as approval by us of those linked websites or information you may obtain from them. Braemar has no control over the contents of those websites or information.
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 rns@lseg.com or visit www.rns.com.
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January 27, 2021 11:16 ET (16:16 GMT)
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