Braemar PLC AGM Statement
03 Juli 2024 - 8:00AM
RNS Regulatory News
RNS Number : 8361U
Braemar PLC
03 July 2024
THE INFORMATION CONTAINED WITHIN
THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE INSIDE INFORMATION AS
STIPULATED UNDER THE MARKET ABUSE REGULATION (EU NO. 596/2014)
WHICH IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF THIS ANNOUNCEMENT,
THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC
DOMAIN.
3
July 2024
BRAEMAR PLC
("Braemar", the "Company" and together with its subsidiaries
the "Group")
AGM
Statement
Braemar Plc (LSE: BMS), a leading
provider of expert investment, chartering and risk management
advice, provides the following trading update ahead of its Annual
General Meeting to be held later today.
Further to the update provided in
the FY24 results announcement issued on 23 May 2024, the board is
pleased to report that the Group has continued to trade well and
that performance in FY25 to date is in line with
expectation1.
The Group remains focused on its
stated growth strategy and the board looks to the year ahead and
beyond with confidence.
1. Company compiled consensus as at the date of this
announcement: FY25 revenue of £152.7m and FY25 underlying operating profit
(before acquisition-related expenditure) of £18.2m.
For
further information, contact:
Braemar Plc
|
|
James Gundy, Group Chief Executive
Officer
|
Tel +44
(0) 20 3142 4100
|
Grant Foley, Group Chief Financial
Officer
|
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Rebecca-Joy Wekwete, Company
Secretary
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|
|
|
|
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Burson Buchanan
|
|
Charles Ryland / Stephanie Whitmore
/ Jack Devoy / Abby Gilchrist
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Tel +44
(0) 20 7466 5000
|
|
|
Investec Bank plc
|
|
Gary Clarence / Alice
King
|
Tel +44
(0) 20 7597 5970
|
|
|
Cavendish Capital Markets Limited
Ben Jeynes / Matt Lewis (Corporate
Finance)
Leif Powis / Dale Bellis / Charlie
Combe (Sales & ECM)
|
Tel +44
(0) 20 7220 0500
|
|
|
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Notes to Editors:
About Braemar Plc
Braemar provides expert investment,
chartering, and risk management advice that enable its clients to
secure sustainable returns and mitigate risk in the volatile world
of shipping and energy. 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, visit www.braemar.com and
follow Braemar on LinkedIn.
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END
AGMFLFFFDTIFIIS
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