REG - Braemar PLC - Director/PDMR Shareholding
09/07/2024 17:00
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RNS Number : 7433V Braemar PLC 09 July 2024
9 July 2024
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 8 July 2024, 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"), 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 169,925
Tris Simmonds - Group Chief Operating Officer 26,315
Alistair Borthwick - Group Finance Director 18,796
Following the above DBP vesting, James Gundy sold 80,156 Ordinary Shares, Tris
Simmonds sold 12,425 Ordinary Shares and Alistair Borthwick sold 8,875
Ordinary Shares, in each case being the amount equivalent to cover their
liability to income tax and employee national insurance arising in relation to
the settlement of their awards and at a price of £2.997.
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 868,534
Tris Simmonds - Group Chief Operating Officer 333,970
Alistair Borthwick - Group Finance Director 66,369
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 DBP is contained in the Company's 2024 Annual
Report, published on 23 May 2024.
ENDS
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
Burson Buchanan
Charles Ryland / Stephanie Whitmore / Jack Devoy / Abby Gilchrist Tel +44 (0) 20 7466 5000
Investec Bank plc
Gary Clarence / Alice King Tel +44 (0) 20 7597 5970
Cavendish Capital Markets Limited
Ben Jeynes / Matt Lewis (Corporate Finance) Tel +44 (0) 20 7220 0500
Leif Powis / Dale Bellis / Charlie Combe (Sales & ECM)
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) .
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: £2.997
Volume: 80,156
Aggregated information
- Aggregated volume 80,156
-Price £240,227.53
Date of the transaction 8 July 2024
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: £2.997
Volume: 12,425
Aggregated information
- Aggregated volume 12,425
-Price £37,237.73
Date of the transaction 8 July 2024
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: £2.997
Volume: 8,875
Aggregated information
- Aggregated volume 8,875
-Price £26,598.38
Date of the transaction 8 July 2024
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: £2.997
Volume: 12,425
Aggregated information
- Aggregated volume 12,425
- Price £37,237.73
Date of the transaction 8 July 2024
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: £2.997
Volume: 8,875
Aggregated information
- Aggregated volume 8,875
- Price £26,598.38
Date of the transaction 8 July 2024
Place of the transaction London Stock Exchange (XLON)
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