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Recommended Cash Offer for Braemar Group plc

7th September 2010


Zeus Capital acted as Rule 3 financial adviser under the City Code on Takeovers and Mergers in connection with the announced takeover of Braemar Group plc by Brooks Macdonald Group plc.

Established in 2001 and quoted on AIM in December 2005, Braemar Group plc, through its two core divisions Braemar Securities and Braemar Estates, manages a range of investment funds and property.

The Offer by Brooks MacDonald values Braemar at approximately £4 million.

Zeus act as Nominated Adviser and Broker to Braemar and were appointed under the Offer to represent the interests of the shareholders and advised the independent director of Braemar on the Offer who recommended that Braemar shareholders accept the Offer.