StockMarketWire.com - Braemar [LON:BMS] is pleased to note the announcement issued by ACM [LON:ACMG] earlier today that the Scheme has become Effective and the Merger between the two companies has therefore completed.



Braemar confirms that admission of 8,093,610 New Ordinary Shares to listing on the premium segment of the Official List and commencement of dealings in the New Ordinary Shares on the London Stock Exchange's main market for listed securities is expected to take place at 8.00 a.m. (London time) on 28 July 2014.



Following Admission, the existing share capital and total voting rights of the Company will be 29,775,003 Ordinary Shares and this figure should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.



Now that the Merger has completed, Johnny Plumbe, Tim Jaques, Jürgen Breuer and Mark Tracey have been appointed as directors of Braemar. In addition, as set out in the combined circular and prospectus published on 12 June 2014, the Board Committees have been reconstituted as follows:



- Audit committee: Alastair Farley (Chairman), David Moorhouse CBE and Mark Tracey.

- Remuneration committee: David Moorhouse CBE (Chairman), Alastair Farley and Jürgen Breuer.

- Nominations committee: Sir Graham Hearne CBE (Chair), David Moorhouse CBE, Alastair Farley and Tim Jaques.



Capitalised terms in this announcement are, unless otherwise defined, as set out in the combined circular and prospectus published on 12 June 2014.


At 3:34pm:

[LON:BMS] Braemar Shipping Services PLC share price was -3p at 505.5p



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