Reach                                                                                                                 12 December 2022   

BRAEMAR PLC

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

Braemar Launches Greek Corporate Finance Desk Led by Stefanos Fragos

·    Stefanos Fragos (ex-Yieldstreet, DVB Bank) has been appointed Braemar's Head of Corporate Finance in Greece.

·    Fragos and his team will raise debt and equity to support Greek shipowners' growth ambitions and eco investments.

·    The desk is a natural complement to Braemar's Corporate Finance offices in Hamburg, London, and Singapore, and Braemar's S&P and Newbuilding desks

Braemar Plc (LSE: BMS), a provider of expert investment, chartering, and risk management advice to the shipping and energy markets, today announced the expansion of its Corporate Finance desk to Athens, Greece, and the appointment of Stefanos Fragos to spearhead its growth in the region.

Braemar is responding to a clear need in the market from shipowners in Greece and the Mediterranean for expert counsel in the equity and debt capital markets, advisory for mergers, acquisitions, restructuring, and help originating, structuring and delivering tailor-made ship finance solutions.

Amongst several other promising opportunities for 2023, Braemar sees great potential in sourcing capital from Asia and making this available to smaller and medium sized Greek shipowners.

Stefanos Fragos joins Braemar from alternative finance provider Yieldstreet where he ran the Athens office. Prior to that he was a senior banker in DVB Bank's Greek office for more than a decade. Stefanos will work closely with Braemar's Corporate Finance offices in London, Hamburg, and Singapore, as well as its S&P and Newbuilding desks globally.

The arrival of Corporate Finance to Braemar's Athens office is the latest investment in Braemar's ability to meet the need amongst its Greek clients for the highest level of expertise and practical experience. Led by Head of Athens, Dimitris Kyrtsos, Braemar is now able to provide the full range of chartering, shipping investment advisory, and shipping risk advisory directly from Athens to its Greek clients.

Axel Siepmann, Global Head of Corporate Finance, commented, "We have been looking for the right candidate for a long time and we are very grateful that Stefanos has agreed to join our team. Stefanos's skills and professional experience will enable us to immediately promote Braemar's financial advisory service offering in Greece, which combines raising debt and equity capital, but also transaction support and restructuring advice."

Stefanos Fragos, Head of Corporate Finance in Greece, commented, "I am delighted to be joining Braemar's global network of Corporate Finance specialists, and offering Greek owners focused financing and advisory services accretive to their forward-looking aspirations."

ENDS

About Braemar Plc ("Braemar")

Braemar provides expert advice in investment, chartering, and risk management to enable its clients to secure sustainable returns and mitigate risk in the volatile worlds 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.

For more information, including our investor presentation, please visit www.Braemar.com and follow Braemar on LinkedIn.

Images

Image of Axel Siepmann, Global Head of Corporate Finance at Braemar.

Image of Stefanos Fragos, Head of Corporate Finance in Greece at Braemar.

Image of Dimitris Kyrtsos, Managing Director of Braemar Athens

Staff of Braemar Athens

Dimitris Kyrtsos - Managing Director of Braemar Athens, Shipbroker - Sale & Purchase

Stefanos Fragos - Managing Director of Braemar Corporate Finance in Athens

Alexandra Alatari - Senior Research Analyst

Marios Yiannopoulos - Shipbroker - Sale & Purchase

Nikos Katsaras - Shipbroker - Sale & Purchase

Filippos Zannos - Trainee Shipbroker - Sale & Purchase

Felix Kausch - Container Manager Chartering and Projects

Yiannis Fringis - Chartering Broker - Dry Cargo

Yiannis Koroneos - Chartering Broker - Dry Cargo

Panos Alexopoulos - Chartering Broker - Dry Cargo

Dimitra Zoumpa - Chartering Broker - Dry Cargo

George Metaxotos - Chartering Broker - Dry Cargo

Katerina Dinopoulou - Operator - Dry Cargo

Pericles Protopapas - Intern Chartering Broker - Dry Cargo

Mina Karathanassi - Office Manager

Contact

Nick Arthur

Head of Corporate Affairs

+44 7732 874708

Nick.Arthur@Braemar.com

Buchanan     

Charles Ryland / Jamie Hooper / Jack Devoy

Tel +44 (0) 20 7466 5000