REG - Braemar PLC - Grant of Share Incentives to PDMRs

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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 (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                                    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                                         231,128

 -Price                                                      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                                  Group Chief Financial & Operating 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                                    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                                         184,902

 -Price                                                      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                                  Group Chief Financial & Operating 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                                    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                                         184,902

 - Price                                                      Nil
 Date of the transaction                                      2 July 2025
 Place of the transaction                                     Grant of awards occurred outside a trading venue.

 

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