REG - Braemar PLC - Director/PDMR Shareholding
20/12/2023 16:00
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RNS Number : 5146X Braemar PLC 20 December 2023
20 December 2023
BRAEMAR PLC
("Braemar" or the "Company")
Director/PDMR Shareholding
Braemar Plc (LSE: BMS), a leading international shipbroker and provider of
expert investment, chartering, and risk management advice to the shipping and
energy markets announces the following Director/PDMR share dealing
transactions:
On 18 December 2023, the trustee of the Braemar Employee Share Ownership Plan
approved the release of ordinary shares of 10p each in the Company ("Ordinary
Shares") to certain employees of Braemar following the vesting of share awards
granted under the Company's Deferred Bonus Plan ("DBP") and the exercise of
linked options granted under the Company Share Option Plan ("CSOP"), including
three persons discharging managerial responsibilities ("PDMRs") of the
Company, as follows:
Director/PDMR Number of ordinary shares released
James Gundy - Group Chief Executive Officer 397,073
Tris Simmonds - Group Chief Operating Officer 34,511
Alistair Borthwick - Group Finance Director 44,043
The CSOP awards carried an exercise price of £1.22 per share. Following the
DBP vesting and CSOP exercises, James Gundy sold 397,073 Ordinary Shares, Tris
Simmonds sold 34,511 Ordinary Shares, Alistair Borthwick sold 20,486 Ordinary
Shares at a price of £2.764811. On 18 December 2023, Tris Simmonds also sold
28,367 shares at a price of £2.764811.
Following the above transactions, the total holding of Ordinary Shares of each
of James Gundy, Tris Simmonds and Alistair Borthwick (including those of
persons closely associated with them) will be as follows:
PDMR Total number of Ordinary Shares
James Gundy - Group Chief Executive Officer 772,165
Tris Simmonds - Group Chief Operating Officer 320,080
Alistair Borthwick - Group Finance Director 56,448
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.
For further information, contact:
Braemar Plc
James Gundy, Group Chief Executive Officer Tel +44 (0) 20 3142 4100
Grant Foley, Group Chief Financial Officer
Rebecca-Joy Wekwete, Company Secretary
Buchanan
Charles Ryland / Stephanie Whitmore / Jamie Hooper Tel +44 (0) 20 7466 5000
Investec Bank plc
Gary Clarence / Harry Hargreaves / Alice King Tel +44 (0) 20 7597 5970
Cavendish Securities PLC
Ben Jeynes / Matt Lewis (Corporate Finance) Tel +44 (0) 20 7220 0500
Leif Powis /Dale Bellis/ Charlie Combe (Sales & ECM)
Details of the person discharging managerial responsibilities / person closely
associated
Name James Gundy
Reason for the notification Group Chief Executive Officer
Position/status
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 Sale of shares acquired from the vesting of share awards granted under the
Braemar Plc Deferred Bonus Plan
Price(s) and volume(s) Price: £2.764811
Volume: 397,073
Aggregated information
- Aggregated volume 397,073
-Price £1,095,485.14
Date of the transaction 18 December 2023
Place of the transaction London Stock Exchange (XLON)
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 options granted under the Company Share Option Plan with an
exercise price of 122p per share.
Price(s) and volume(s) Price: 122p
Volume: 24,650
Aggregated information
- Aggregated volume 24,650
-Price £30,073.00
Date of the transaction 18 December 2023
Place of the transaction London Stock Exchange (XLON)
Details of the person discharging managerial responsibilities / person closely
associated
Name Tris Simmonds
Reason for the notification Group Chief Operations Officer
Position/status
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 Sale of shares acquired from the vesting of share awards granted under the
Braemar Plc Deferred Bonus Plan
Price(s) and volume(s) Price: £2.764811
Volume: 34,511
Aggregated information
- Aggregated volume 34,511
-Price £95,081.43
Date of the transaction 18 December 2023
Place of the transaction London Stock Exchange (XLON)
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 Sale of shares
Price(s) and volume(s) Price: £2.764811
Volume: 28,367
Aggregated information
- Aggregated volume 28,367
-Price £78,429.39
Date of the transaction 18 December 2023
Place of the transaction London Stock Exchange (XLON)
Details of the person discharging managerial responsibilities / person closely
associated
Name Alistair Borthwick
Reason for the notification Group Finance Director
Position/status
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 Sale of shares acquired from the vesting of share awards granted under the
Braemar Plc Deferred Bonus Plan
Price(s) and volume(s) Price: £2.764811
Volume: 20,486
Aggregated information
- Aggregated volume 20,486
-Price £56,440.68
Date of the transaction 18 December 2023
Place of the transaction London Stock Exchange (XLON)
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 options granted under the Company Share Option Plan with an
exercise price of 122p per share.
Price(s) and volume(s) Price: 122p
Volume: 6,705
Aggregated information
- Aggregated volume 6,705
-Price £8,180.10
Date of the transaction 18 December 2023
Place of the transaction London Stock Exchange (XLON)
Details of the person discharging managerial responsibilities / person closely
associated
Name Tris Simmonds
Reason for the notification Group Chief Operations Officer
Position/status
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 Sale of shares acquired from the vesting of share awards granted under the
Braemar Plc Deferred Bonus Plan
Price(s) and volume(s) Price: £2.764811
Volume: 34,511
Aggregated information
- Aggregated volume 34,511
- Price £95,081.43
Date of the transaction 18 December 2023
Place of the transaction London Stock Exchange (XLON)
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 Sale of shares
Price(s) and volume(s) Price: £2.764811
Volume: 28,367
Aggregated information
- Aggregated volume 28,367
- Price £78,429.39
Date of the transaction 18 December 2023
Place of the transaction London Stock Exchange (XLON)
Details of the person discharging managerial responsibilities / person closely
associated
Name Alistair Borthwick
Reason for the notification Group Finance Director
Position/status
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 Sale of shares acquired from the vesting of share awards granted under the
Braemar Plc Deferred Bonus Plan
Price(s) and volume(s) Price: £2.764811
Volume: 20,486
Aggregated information
- Aggregated volume 20,486
- Price £56,440.68
Date of the transaction 18 December 2023
Place of the transaction London Stock Exchange (XLON)
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 options granted under the Company Share Option Plan with an
exercise price of 122p per share.
Price(s) and volume(s) Price: 122p
Volume: 6,705
Aggregated information
- Aggregated volume 6,705
- Price £8,180.10
Date of the transaction 18 December 2023
Place of the transaction London Stock Exchange (XLON)
Notes to Editors:
About Braemar Plc
Braemar provides expert investment, chartering, and risk management advice
that enable its clients to secure sustainable returns and mitigate risk in the
volatile world of shipping and energy. 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 (http://www.braemar.com/) and follow Braemar
on LinkedIn (https://www.linkedin.com/company/braemar-ltd) .
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