Completion of the acquisition of NAVES

RNS Number : 8895R

Braemar Shipping Services PLC

26 September 2017

 

THIS ANNOUNCMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

26 September 2017

BRAEMAR SHIPPING SERVICES PLC

Completion of the acquisition of

NAVES Corporate Finance GmbH

On 7 September 2017, Braemar Shipping Services plc ("Braemar") announced the conditional acquisition of the entire issued share capital of NAVES Corporate Finance GmbH (the "Acquisition"). Following Shareholder approval of the Acquisition as announced earlier today, Braemar is pleased to confirm that it has completed the Acquisition.

Unless otherwise defined, capitalised terms shall have the meaning as those set out in the "Definitions" section of the announcement issued by Braemar at 7.00 a.m. on 7 September.

Enquiries:

Braemar Shipping Services plc James Kidwell, Chief Executive Louise Evans, Group Finance Director	[phone]
PricewaterhouseCoopers LLP Financial Adviser Coolin Desai Jon Raggett	[phone]
Stockdale Securities Limited Sponsor and Financial Adviser Robert Finlay Antonio Bossi Edward Thomas	[phone]
Buchanan Communications Financial PR for Braemar Charles Ryland Vicky Hayns	[phone]

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 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, visit www.braemar.com

 

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