TIDMBMS

RNS Number : 7648C

Braemar Shipping Services PLC

03 October 2018

3 October 2018

BRAEMAR SHIPPING SERVICES PLC

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

Board Change

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, announces that its Chairman, David Moorhouse CBE, has advised Braemar that after nearly 14 years as a Non-Executive Director, the last three as Chairman, he wishes to retire with effect from 31 December 2018. David has also advised of his willingness to serve longer, if required, to facilitate the appointment of a suitable replacement. His retirement is part of a planned reduction in his business workload to facilitate his participation in another venture.

The Company's Nominations Committee is leading the process to appoint a new non-executive Chairman and an announcement will be made in due course.

David Moorhouse commented: "It has been a privilege to serve Braemar and its shareholders since 2005, during which time the Group has developed substantially and undergone significant changes, becoming a global leader in the provision of broking and advisory services to the maritime industry. I believe that this is an appropriate stage in the Company's development for me to hand over to a new Chairman."

James Kidwell, Chief Executive of Braemar, commented: "David has been a wonderful servant of the Group for many years and we have benefited greatly from his invaluable advice and broad industry knowledge. I have especially appreciated his steadfast leadership as Chairman of the Group over the last three years and, on behalf of the Board, wish David well for the future."

For further information, contact:

 
 Braemar Shipping Services                   Tel +44 (0) 20 3142 
                                                            4100 
 James Kidwell, Chief Executive 
 James Hayward, Interim Finance Director 
 Peter Mason, Company Secretary 
 
 Stockdale Securities                        Tel +44 (0) 20 7601 
                                                            6100 
 Robert Finlay / Antonio Bossi, Corporate 
  Finance 
 Henry Willcocks / Fiona Conroy, Corporate 
  Broking 
 
 Buchanan                                    Tel +44 (0) 20 7466 
                                                            5000 
 Charles Ryland / Stephanie Watson / Tilly 
  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 800 people in more than 70 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 visit www.braemar.com

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END

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