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RNS Number : 5636L

Braemar PLC

04 January 2023

RNS 4th January 2023

   BRAEMAR   PLC

("Braemar" or the "Group")

Board change

Braemar Plc (LSE: BMS), a leading international shipbroker and provider of expert investment, chartering and risk management advice to the shipping and energy markets, announces in accordance with LR 9.6.11R that Steve Kunzer, non-executive director, will stand down from the board with effect from 31(st) January 2023, in order to take up the position of Chief Executive Officer of Lila Global, the shipowning subsidiary of Global Marketing Systems Inc. A replacement non-executive director will be appointed in due course.

Nigel Payne, Chairman of Braemar, said :

" Steve has been a great asset to Braemar over the past four years and latterly, during my tenure as Chairman, Steve has played a supportive role in developing the Group's new growth strategy. On behalf of everyone at Braemar, we wish Steve well in his new role and thank him for his contributions to the board."

For further information, contact:

 
 Braemar Plc 
 James Gundy, Group Chief Executive Officer      Tel +44 (0) 20 3142 4100 
 Tris Simmonds, Chief Operating Officer 
 Nick Stone, Chief Financial Officer 
 Nick Arthur, Head of Corporate Affairs 
 Investec Bank plc 
 Gary Clarence / Harry Hargreaves / Alice        Tel +44 (0) 20 7597 5970 
  King 
 Cenkos Securities plc 
  Ben Jeynes / Max Gould (Corporate Finance)       Tel +44 (0) 20 7397 8900 
  Alex Pollen / Leif Powis (Sales) 
 Buchanan 
 Charles Ryland / Jamie Hooper / Jack            Tel +44 (0) 20 7466 5000 
  Devoy

About Braemar Plc

Braemar provides expert investment, chartering, and risk management advice that enable its clients to secure sustainable returns and mitigate risk in the volatile world of shipping and energy. 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, visit www.Braemar.com and follow Braemar on LinkedIn .

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January 04, 2023 02:00 ET (07:00 GMT)

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