Braemar Shipping Services PLC Update on trading and publication of FY results (9251Q)
July 01 2022 - 2:00AM
UK Regulatory
TIDMBMS
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 .
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END
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