RNS Number : 8637P
Braemar PLC
04 July 2025
4 July 2025
BRAEMAR PLC
("Braemar" or the "Company")
Grant of Share Incentives to PDMRs
Braemar Plc (LSE: BMS), a leading provider of expert investment, chartering, and risk management advice to the shipping and energy markets, announces that the following grants of nil-cost options were made under the Braemar Long-Term Incentive Plan (the "LTIP") over the Company's ordinary shares of 10p to the following Persons Discharging Managerial Responsibility ("PDMRs") on 2 July 2025:
PDMR
Number of ordinary shares over which options were granted
James Gundy- Group Chief Executive Officer
231,128
Grant Foley -Group Chief Financial & Operating Officer
184,902
In all cases, there is no consideration for the grant of the awards and the exercise price is nil. The awards will vest on 2 July 2028, subject to the rules of the LTIP and the performance criteria being satisfied. The performance criteria is based on the Company's growth in underlying Earnings Per Share ("EPS"), measured over a three-year performance period ending on 29 February 2028. The EPS measure will be adjusted to eliminate 50% of the impact of changes in the USD foreign exchange rate over the three-year performance period. Any shares acquired under such LTIP awards are subject to a further two-year holding period.
The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation, which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.
Further information on the LTIP is contained in the Company's 2025 Annual Report, published on 29 May 2025.
Enquiries:
Braemar Plc
Tel: +44 (0)20 3142 4100
James Gundy, Group Chief Executive Officer
Grant Foley, Group Chief Financial & Operating Officer
Rebecca-Joy Wekwete, Company Secretary
Houston
Tel: +44 (0)20 4529 0549
Kate Hoare / Charlie Barker / Ben Robinson
Canaccord Genuity
Tel: +44 (0) 20 7523 8000
Adam James / Harry Rees
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, visit www.braemar.com and follow Braemar on LinkedIn.
Details of the person discharging managerial responsibilities / person closely associated
Name
James Gundy
Reason for the notification Position/status
Group Chief Executive Officer
Initial notification /Amendment
Initial
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Name
Braemar Plc
LEI
213800EV6IKTTHJ83C19
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
Description of the financial instrument, type of instrument
Ordinary shares of 10p each
Identification code
GB0000600931
Nature of the transaction
Grant of LTIP awards as nil cost options over ordinary shares of 10p each.
Price(s) and volume(s)
Price: Nil Volume: 231,128
Aggregated information - Aggregated volume - Price
231,128 Nil
Date of the transaction
2 July 2025
Place of the transaction
Grant of awards occurred outside a trading venue.
Details of the person discharging managerial responsibilities / person closely associated
Name
Grant Foley
Reason for the notification Position/status
Group Chief Financial & Operating Officer
Initial notification /Amendment
Initial
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Name
Braemar Plc
LEI
213800EV6IKTTHJ83C19
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
Description of the financial instrument, type of instrument
Ordinary shares of 10p each
Identification code
GB0000600931
Nature of the transaction
Grant of LTIP awards as nil cost options over ordinary shares of 10p each.
Price(s) and volume(s)
Price: Nil Volume:184,902
Aggregated information - Aggregated volume - Price
184,902 Nil
Date of the transaction
2 July 2025
Place of the transaction
Grant of awards occurred outside a trading venue.
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