9 October 2026
BRAEMAR PLC
("Braemar", "the Company" and together with its subsidiaries the "Group")
CHANGE OF AUDITOR
Braemar Plc (LSE: BMS), announces that, following the conclusion of a formal tender process led by the Company's Audit Committee, the Audit Committee recommended, and the Board approved, the selection of MHA Audit Services LLP ("MHA") as auditor to the Company.
Following completion of the tender process, BDO LLP ("BDO") has resigned as auditor of the Company and provided the Company with its statement of circumstances in accordance with section 519 of the Companies Act 2006 (the "Act").
Following BDO's resignation and the resulting casual vacancy, the Board has appointed MHA as auditor of the Company pursuant to section 489(3)(c) of the Act. MHA will hold office until the conclusion of the 2027 Annual General Meeting and will conduct the audit of the Company's financial statements for the financial year ending 28 February 2027. A resolution for the reappointment of MHA as auditor will be proposed to shareholders at the 2027 Annual General Meeting.
In accordance with section 520(2) of the Act, a copy of BDO's statement of circumstances is being sent to shareholders for information and will be submitted to the Financial Conduct Authority's National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The Board would like to thank BDO for its services to the Company throughout its tenure as auditor.
Enquiries:
|
Braemar Plc |
Tel: +44 (0)20 3142 4100 |
|
Grant Foley, Group Chief Executive Officer |
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Richard Heading, Group Chief Financial Officer |
|
|
Houston |
Tel: +44 (0)20 4529 0549 |
|
Kate Hoare / Charlie Barker / Polly Clarke |
Tel: +44 (0)77 3303 2695 |
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Canaccord Genuity |
Tel: +44 (0) 20 7523 8000 |
|
Adam James / Harry Rees |
About Braemar Plc
Braemar provides expert advice in shipping chartering, investment 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, visit www.braemar.com and follow Braemar on LinkedIn.
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