Capital Reduction – Court approval

RNS Number : 5072B

Braemar PLC

02 June 2023

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2 June 2023

BRAEMAR PLC

("Braemar")

Capital Reduction - Court approval

Braemar Plc (LSE: BMS), a provider of expert investment, chartering, and risk management advice to the shipping and energy markets, is pleased to confirm that, at a Confirmation hearing held on 9 May 2023, the Capital Reduction was duly approved by the Court, and will become effective once processed at Companies House.

For further information, contact:

Braemar Plc
Nick Stone, Group Chief Financial 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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