REG - Braemar PLC - Director/PDMR Shareholding

BraemarAnnouncement

22/12/2022 13:00

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RNS Number : 6580K  Braemar PLC  22 December 2022

 

22 December 2022

BRAEMAR PLC

("Braemar", the "Company" or the "Group")

Director/PDMR Shareholding

 

Braemar, a leading international Shipbroker and provider of expert advice in
shipping investment, chartering and risk management announces that options to
acquire ordinary shares of 10p each in the Company ("Ordinary Shares") have
been exercised by two persons discharging managerial responsibilities
("PDMRs") of the Company, as follows:

 Name                Title                          Ordinary shares released
 James Gundy         Group Chief Executive Officer  5,625
 Alistair Borthwick  Group Finance Director         5,625

 

The exercise of options occurred in connection with the Company's Save as You
Earn scheme ("SAYE") on 21 December 2022 by James Gundy and Alistair
Borthwick. Under the terms of the SAYE, the exercise price for the options was
£1.60 per Ordinary Share, and the new Ordinary Shares will be allotted and
issued under the Company's existing block listing arrangements in early
January 2023.

 

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 SAYE is contained in the Company's 2022 Annual
Report.

For further information, contact:

 Braemar Plc
 James Gundy, Group Chief Executive Officer          Tel +44 (0) 20 3142 4100
 Nick Stone, Group Chief Financial Officer

 Investec Bank Plc
 Gary Clarence / Harry Hargreaves / Alice King       Tel +44 (0) 20 7597 5970

 Cenkos Securities plc

 Ben Jeynes / Max Gould (Corporate Finance)          Tel +44 (0) 20 7397 8900

 Alex Pollen / Leif Powis (Sales)

 Buchanan
 Charles Ryland/ Stephanie Whitmore / Jack Devoy     Tel +44 (0) 20 7466 5000

 

Notes to Editors:

 

About Braemar

 

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.

Braemar's experienced brokers work in tandem with specialist professionals to
form teams tailored to its customers' needs, and provides 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, please
 visit www.braemar.com (http://www.braemar.com/)  and follow Braemar
 on LinkedIn (https://www.linkedin.com/company/braemar-ltd/) .

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                                    Exercise of Save as You Earn ("SAYE") options with an exercise price of 160p

                              per share.

 Price(s) and volume(s)

 Price(s)    Volume(s)
                                                              1.60        5,625

 Aggregated information

 -Aggregated volume                                          5,625 ordinary shares of 10p each

 -Price                                                      £9,000

 Date of the transaction                                      21 December 2022

 Place of the transaction                                     Outside of a trading venue

 

 Aggregated information

 - Aggregated volume

 - Price

 5,625 ordinary shares of 10p each

 £9,000

 Date of the transaction

 21 December 2022

 Place of the transaction

 Outside of a trading venue

 Details of the person discharging managerial responsibilities / person closely
 associated

 Name                                                                    Alistair Borthwick

 Reason for the notification

 Position/status                                                         Group Finance Director

 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                                               Exercise of Save as You Earn ("SAYE") options with an exercise price of 160p

                                                                       per share.

 Price(s) and volume(s)

Price(s)    Volume(s)
                                                                         1.60        5,625

 
 Aggregated information

 - Aggregated volume                                                     5,625 ordinary shares of 10p each

 - Price                                                                 £9,000

 Date of the transaction                                                 21 December 2022

 Place of the transaction                                                Outside of a trading venue

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

5,625 ordinary shares of 10p each

 

£9,000

 

Date of the transaction

 

21 December 2022

Place of the transaction

 

 

Outside of a trading venue

 

 

Details of the person discharging managerial responsibilities / person closely
associated

 

Name

 

Alistair Borthwick

 

Reason for the notification

 

Position/status

 

Group Finance Director

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

 

Identification code

 

Ordinary shares of 10p each

 

 

GB0000600931

Nature of the transaction

 

Exercise of Save as You Earn ("SAYE") options with an exercise price of 160p
per share.

Price(s) and volume(s)

 

 

 Price(s)    Volume(s)
 1.60        5,625

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

5,625 ordinary shares of 10p each

 

£9,000

Date of the transaction

 

21 December 2022

Place of the transaction

 

 

Outside of a trading venue

 

 

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