Braemar Shipping Services PLC Completion of Combination of Braemar Technical (0570D)
June 21 2019 - 6:46AM
UK Regulatory
TIDMBMS
RNS Number : 0570D
Braemar Shipping Services PLC
21 June 2019
BRAEMAR SHIPPING SERVICES PLC
("Braemar", the "Company" or the "Group")
21 June 2019
Completion of Combination of Braemar Technical Services
(excluding Braemar Engineering) and Aqualis ASA
Braemar Shipping Services plc (LSE:BMS), a leading international
provider of shipbroking, financial advisory, port and marine
consulting services principally to the shipping and energy
industries, is pleased to announce that, further to its
announcements on 13 May and 11 June 2019, the proposed disposal of
three business lines within the Braemar Technical Services division
(Offshore, Adjusting and Marine) to Aqualis ASA has now completed.
Further to the announcement on 13 May 2019, Braemar also announces
that James Kidwell has been appointed as a director of the renamed
AqualisBraemar ASA, which is listed on the Oslo Stock Exchange
(OSE:AQUA).
James Kidwell, Chief Executive of Braemar said: "This is an
exciting day for both Braemar and AqualisBraemar. We at Braemar can
strengthen our focus on our higher margin services and, as its
largest shareholder, look forward to the development of
AqualisBraemar and the growth of our investment in it."
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 shipbroking, financial advisory, port and marine
consulting services principally to the shipping and energy
industries. Founded in 1972, Braemar employs approximately 530
people in 30 locations 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
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END
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