Braemar Shipping Services PLC Potential Sale of AqualisBraemar LOC ASA Shares (1098N)
January 27 2021 - 10:16AM
UK Regulatory
TIDMBMS
RNS Number : 1098N
Braemar Shipping Services PLC
27 January 2021
BRAEMAR SHIPPING SERVICES PLC
("Braemar", the "Company" or the "Group")
Potential Sale of 9.6 million AqualisBraemar LOC ASA Shares
Braemar would like to draw shareholders' attention to the
announcement released today on the Oslo Bors in relation to a
potential sale of up to 9,600,000 existing shares in AqualisBraemar
LOC ASA owned by Braemar (the "Potential Sale"). There is no
certainty that the Potential Sale will be successful nor as to the
terms of the Potential Sale. Further announcements will be made as
appropriate.
An extract from the Announcement is copied below:
Braemar Shipping Services PLC ("Braemar") has retained Sparebank
1 Markets AS (the "Bookrunner") as sole bookrunner to explore the
sale of up to 9,600,000 existing shares in AqualisBraemar LOC ASA
(the "Company" or "Aqualis"), representing approximately 10.37% of
the share capital and voting rights in the Company (the "Placing").
The Placing is to be conducted as an accelerated bookbuilding
process.
The bookbuilding process will commence immediately following the
publication of this announcement and may be closed at short notice
at the full discretion of the Bookrunner. A further announcement
will be made following pricing of the shares in the Placing.
Braemar reserves the right, at its own discretion, to sell fewer
shares or no shares at all. Assuming all the shares available in
the Placing are sold, Braemar will hold 9,640,621 shares in
Aqualis.
Braemar currently holds 19,240,621 shares in the Company,
equivalent to 20.79% of the share capital and voting rights.
Braemar will enter into a customary 90 days lock-up for its
remaining shares in the Company not sold in the Placing. Braemar is
represented on the Board of Directors of the Company, through board
member Ron Series.
For further information, contact:
Braemar Shipping Services Plc
Ron Series, Executive Chairman Tel +44 (0) 20 3142 4100
Nick Stone, Finance Director
Peter Mason, Company Secretary
finnCap
Matt Goode/ James Thompson/ Kate Tel +44 (0) 20 7220 0500
Washington
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 and logistics services
principally to the shipping and energy industries. Founded in 1972,
Braemar employs approximately 530 people in 28 offices 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
Where this announcement contains links to websites and
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