BRAEMAR PLC

Board/Management Information • Jun 20, 2023

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RNS Number : 2117D

Braemar PLC

20 June 2023

20 June 2023

BRAEMAR PLC

("Braemar" or "the Company")

Board changes

Braemar Plc (LSE: BMS), a leading provider of expert investment, chartering, and risk management advice to the shipping and energy markets, announces the following board changes to support Braemar's growth strategy.

Grant Foley will join the board as Group Chief Financial Officer with effect from 1 August 2023.

Grant has over 25 years of experience in leading public and private financial services and technology businesses, and joins the Company from ClearScore, the UK's leading credit marketplace. As Chief Financial Officer at ClearScore, he has driven significant improvements across the finance function, implementing new systems, processes and reporting as the business has scaled. Grant also brings additional transaction experience to the board, and his other roles have included CMC Markets Plc where, as Group Chief Financial Officer and Chief Operating Officer, he was instrumental in the company's successful IPO.

Having joined the Company in 2019, Nick Stone, Braemar's current Group Chief Financial Officer will leave the Company on 31 July 2023. The board thanks Nick for his service and wishes him well in his future endeavours.

This disclosure is made pursuant to paragraph 9.6.13(R) of the Listing Rules.

Nigel Payne, Chairman said:

"I am delighted to welcome Grant to the board as we continue to execute our growth agenda. Grant's extensive experience will add great value to the Group and I, along with my board colleagues, look forward to supporting the further development of Braemar's finance function under his stewardship.

Nick has been in position for four years and we both thank him for his contribution and wish him well for the future." 

Grant Foley said:

"I am delighted to be joining Braemar and look forward to working with the Board and wider business to execute the Company's growth agenda and strategy, ensuring the finance function continues to develop and fully support the Company as it grows in scale."

END.

For further information, contact:

Braemar Plc
James Gundy, Group Chief Executive Officer		Tel +44 (0) 20 3142 4100
Rebecca-Joy Wekwete, Company Secretary
Investec Bank plc
Gary Clarence / Harry Hargreaves / Alice King		Tel +44 (0) 20 7597 5970
Cenkos Securities plc Ben Jeynes / Max Gould (Corporate Finance) Alex Pollen / Leif Powis (Sales)		Tel +44 (0) 20 7397 8900
Buchanan
Charles Ryland / Jamie Hooper / Jack Devoy		Tel +44 (0) 20 7466 5000

Notes to Editors:

About Braemar 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. Our experienced brokers work in tandem with specialist professionals to form teams tailored to our customers' needs, and provide 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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