REG - Braemar PLC - Director/PDMR Shareholding

BraemarAnnouncement

10/12/2024 16:15

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RNS Number : 5648P  Braemar PLC  10 December 2024

 

10 December 2024

BRAEMAR PLC

("Braemar" the "Company")

PDMR Share Dealing

 

Braemar Plc (LSE: BMS), a leading provider of expert investment, chartering
and risk management advice to the shipping and energy markets, announces that
on 9 December 2024, James Gundy, Group Chief Executive Officer, exercised
199,494 nil cost options ("Options") granted under the Company's Long Term
Incentive Plan ("LTIP") as set out below:

 

 LTIP award grant date  Vesting date    Two-year holding period end date  Number of Options exercised

 29 October 2018        26 May 2021     26 May 2023                       33,294

 1 July 2019            26 August 2022  26 August 2024                    166,200

 

The 2018 and 2019 LTIP awards vested following the assessment of the
applicable performance conditions which were disclosed in the 2021
remuneration report (page 58) and 2022 remuneration report (page 74), both
reports are available on the Company's website at Financial Reports - Braemar
(https://braemar.com/financial-reports/) .

 

The exercise of the Options under the LTIP, has been satisfied through the
allocation of existing ordinary shares held by the Braemar Employee Share
Ownership Plan; as such, no new ordinary shares have been issued. In order to
cover tax and national insurance liabilities arising from the exercise of the
Options, James Gundy sold 94,112 shares on 9 December 2024 and retained the
balance of 105,382 shares.

 

Following the above transactions, James Gundy's total shareholding is now
988,907 (being 3% of the Company's issued share capital). A separate TR-1
notification will be released in line with provisions in Chapter 5 of the
Disclosure Guidance and Transparency Rules.

 

The notification set out below is 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

 Canaccord Genuity
 Adam James / Harry Rees                                            Tel +44 (0) 20 7523 8000

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

 

 

 

 

 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 10 pence each

 Identification code                                          GB0000600931

 Nature of the transaction                                    Exercise of Options granted under the Company's LTIP in 2018

 Price(s) and volume(s)                                       Price: £0.00                     Volume: 33,294

 Aggregated information

  - Price                                                     Price: £0.00

 - Aggregated volume                                          Volume: 33,294

 Date of the transaction                                      9 December 2024

 Place of the transaction                                     Exercise of Options occurred outside a trading venue

 

 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 10 pence each

 Identification code                                          GB0000600931

 Nature of the transaction                                    Exercise of Options granted under the Company's LTIP in 2019

 Price(s) and volume(s)                                       Price: £0.00                           Volume: 166,200

 Aggregated information

  - Price                                                     Price: £0.00

 - Aggregated volume                                          Volume: 166,200

 Date of the transaction                                      9 December 2024

 Place of the transaction                                     Exercise of Options occurred outside a trading venue
 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 10 pence each

 Identification code                                          GB0000600931

 Nature of the transaction                                    Sale of shares to cover tax and national insurance following exercise of

                                                            Options granted under the Company's LTIP in 2018 and 2019

 Price(s) and volume(s)                                       Price: £2.537266                       Volume: 94,112

 Aggregated information

  - Price                                                     Price: £238,787.18

 - Aggregated volume                                          Volume: 94,112

 Date of the transaction                                      9 December 2024

 Place of the transaction                                     London Stock Exchange (XLON)

 

 

Notes to Editors:

 

About Braemar Plc

Braemar provides expert investment, chartering, and risk management advice to
the shipping and energy markets 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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