Braemar Shipping Services PLC Appointment of Non-Executive Chairman (1121W)

TIDMBMS

RNS Number : 1121W

Braemar Shipping Services PLC

15 April 2019

BRAEMAR SHIPPING SERVICES PLC

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

15 April 2019

Appointment of Non-Executive Chairman

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 the appointment of Ronald Series as its Non-Executive Chairman with effect from today. Ronald will also chair the Company's Nomination Committee. He succeeds David Moorhouse CBE, who retired from the Board with effect from 14 April 2019.

Ronald, a chartered accountant, has a strong track record of leading businesses in a variety of sectors and significant experience with international companies. He is currently the Executive Chairman of DX (Group) plc, the deliveries and logistics company, and until recently was the Senior Independent Director of Clipper Logistics plc. He has previously held senior management positions at Lonmin plc, the platinum group metals producer, Viridian Group Limited, the energy company, and Dubai World, the global investment company.

James Kidwell, Chief Executive of Braemar said: "On behalf of the Board, I am delighted to welcome Ron to Braemar. His breadth of experience working with Boards and senior management, and developing relationships with stakeholders, will be of great value to the Group. I look forward to working with him to continue to develop the business for the future."

Ronald Series, commenting on his appointment, said: "I am excited to be joining Braemar to help guide the Company in its next stage of development as a global leader in the provision of broking and advisory services to the maritime industry. I look forward to working with the Board and the executive team to implement the Company's strategic vision of delivering higher value-added consultancy and professional services."

Listing Rule 9.6.13 disclosures

Ronald was a director of Netfold Limited when it was placed into administration on 22 August 2008. Otherwise, except as set out above, Braemar confirms that there are no disclosures to be made in respect of Ronald for the purposes of Listing Rule 9.6.13.

-ENDS-

For further information, contact:

 
 Braemar Shipping Services 
  James Kidwell, Chief Executive          Tel +44 (0) 20 3142 4100 
  Nick Stone, Finance Director 
   Peter Mason, Company Secretary 
 
 Shore Capital 
  Robert Finlay / Antonio Bossi / Henry   Tel +44 (0) 20 7601 6100 
   Willcocks 
 
 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 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 rns@lseg.com or visit www.rns.com.

END

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