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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
  4.50 1.52% 300.50 296.00 305.00 304.50 293.50 296.00 152,494 15:16:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 111.8 9.4 16.2 18.5 97

Braemar Shipping Services PLC Update on trading and publication of FY results

01/07/2022 7:00am

UK Regulatory (RNS & others)


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RNS Number : 9251Q

Braemar Shipping Services PLC

01 July 2022

1 July 2022

BRAEMAR SHIPPING SERVICES PLC

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

Further update on current trading and publication of full year results for the year ended 28 February 2022

Braemar Shipping Services Plc (LSE: BMS), a leading international Shipbroker and provider of expert advice in shipping investment, chartering and risk management services, confirms that trading in the new financial year continues to be very strong and ahead of management expectations, as the Group benefits from both its increased scale and the current favourable market conditions.

The board's strategy, introduced by the new management team, has been to streamline the business to focus on its Shipbroking core. This refocus has resulted in a number of corporate transactions and as previously announced on 20 May2022, the complexities of these transactions has led to the completion of the year end audit taking longer than anticipated. As a result, Braemar is deferring the announcement of its results for the year ended 28 February 2022 in order to allow further time for the Group's auditors to complete their work. The board will update the market with a revised announcement date, once this process is complete.

For further information, contact:

 
 Braemar Shipping Services 
 James Gundy, Group Chief Executive Officer      Tel +44 (0) 20 3142 4100 
 Nick Stone, Chief Financial Officer 
 
 Investec Bank plc 
 Gary Clarence / Harry Hargreaves / Alice        Tel +44 (0) 20 7597 5970 
  King 
 
 Cenkos Securities plc                          Tel +44 (0) 20 7397 8900 
  Ben Jeynes / Max Gould (Corporate Finance) 
  Alex Pollen / Leif Powis (Sales) 
 
 
 
 
 Buchanan 
 Charles Ryland / Stephanie Whitmore             Tel +44 (0) 20 7466 5000 
  / Jack Devoy 
 
 

Notes to Editors:

About Braemar Shipping Services 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.

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 and follow Braemar on LinkedIn .

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

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July 01, 2022 02:00 ET (06:00 GMT)

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