REG - Braemar Shipping - Director/PDMR Shareholding <Origin Href="QuoteRef">BRMS.L</Origin>

BraemarAnnouncement

30/06/2017 12:35

RNS Number : 7624J
Braemar Shipping Services PLC
30 June 2017
BRAEMAR SHIPPING SERVICES PLC
("Braemar" or the "Company")
Director / PDMR Shareholding
Braemar Shipping Services PLC (LSE: BMS), a leading international provider of knowledge and skills-based services to the shipping, marine, energy, offshore and insurance industries announces that the Company was informed on 28 June 2017 that the trustee of the Braemar Shipping Services plc Employee Share Ownership Plan ("ESOP") released 5,179 ordinary shares of 10 pence each in the Company ("Shares") to James Kidwell, Chief Executive of the Company and 4,000 Shares to Grant Smith a PDMR.
The release of the Shares was made following the vesting, on 22 May 2017, of the Shares awarded to James Kidwell and Grant Smith at nil cost under the Company's Deferred Bonus Plan in relation to the year ended 28 February 2014.
Following this announcement, James Kidwell holds 145,249 Shares, equivalent to 0.5% of the Company's issued ordinary share capital and Grant Smith holds 48,375 Shares, equivalent to 0.2% of the Company's issued ordinary share capital.
30 June 2017
For further information, contact:
Braemar Shipping Services
James Kidwell, Chief Executive
Tel +44 (0) 20 3142 4100
Louise Evans, Finance Director
Tel +44 (0) 20 3142 4100
Stockdale Securities
Robert Finlay / Antonio Bossi / Henry Willcocks
Tel +44 (0) 20 7601 6100
Buchanan
Charles Ryland / Victoria Hayns / Stephanie Watson
Tel +44 (0) 20 7466 5000
About Braemar Shipping Services plc
Braemar Shipping Services plc is a leading international provider of knowledge and skill-based services to the shipping, marine, energy, offshore and insurance industries. Founded in 1972, Braemar employs approximately 850 people in more than 70 locations worldwide across its Shipbroking, Technical and Logistics divisions. 
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
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCA") with them.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
James Kidwell
2
Reason for the notification
a)
Position/status
Executive Director
b)
Initial notification / Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Braemar Shipping Services plc
b)
LEI
N/A
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code:
Options over Ordinary shares of 10 pence each
ISIN: GB0000600931
b)
Nature of the transaction
Release of shares from ESOP under Deferred Bonus Plan
c)
Price(s) and volume(s)
Price(s)
 Volume(s)
Nil
 5,179
d)
Aggregated information
N/A
e)
Date of the transaction
28 June 2017
f)
Place of the transaction
Off market
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Grant Smith
2
Reason for the notification
a)
Position/status
PDMR
b)
Initial notification/ Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Braemar Shipping Services plc
b)
LEI
N/A
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code:
Options over Ordinary shares of 10 pence each
ISIN: GB0000600931
b)
Nature of the transaction
Release of shares from ESOP under Deferred Bonus Plan
c)
Price(s) and volume(s)
Price(s)
 Volume(s)
Nil
 4,000
d)
Aggregated information
N/A
e)
Date of the transaction
28 June 2017
f)
Place of the transaction
Off market

This information is provided by RNS
The company news service from the London Stock Exchange
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