TIDMBMS

RNS Number : 9763D

Braemar Shipping Services PLC

06 February 2018

BRAEMAR SHIPPING SERVICES PLC

6 February 2018

Admission to Trading of Consideration Shares

and Total Voting Rights

On 2 February 2018, Braemar Shipping Services plc ("Braemar") announced the acquisition of the entire issued share capital of Atlantic Brokers Holdings Limited (the "Acquisition"). Braemar confirms that application has been made for the 804,426 ordinary shares of GBP0.10 each in the capital of Braemar, issued to satisfy GBP2.1 million of the consideration, to be admitted to the Official List of the Financial Conduct Authority and to trading on the main market of the London Stock Exchange ("Admission"). Admission is expected at 08:00 a.m. on 7 February 2018.

In accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rule 5.6.1, following Admission the total number of ordinary shares of 10 pence each in the capital of Braemar in issue will be 31,436,351, with each share carrying the right to one vote. Braemar does not hold any shares in Treasury.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Braemar under the Disclosure Guidance and Transparency Rules.

For further information, contact:

 
 Braemar Shipping Services 
  James Kidwell, Chief Executive              Tel +44 (0) 20 3142 4100 
  Louise Evans, Finance Director              Tel +44 (0) 20 3142 4100 
   Peter Mason, Company Secretary             Tel +44 (0) 20 3142 4100 
 
 Stockdale Securities 
  Robert Finlay / Antonio Bossi / Henry       Tel +44 (0) 20 7601 6100 
   Willcocks 
 
 Buchanan 
  Charles Ryland / Vicky Hayns / Stephanie    Tel +44 (0) 20 7466 5000 
   Watson

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 850 people in more than 70 locations worldwide across its Shipbroking, Technical and Logistics 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 company news service from the London Stock Exchange

END

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