REG - Braemar Shipping - Director/PDMR Shareholding – Correction

BraemarAnnouncement

13/09/2022 16:15

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RNS Number : 3227Z  Braemar Shipping Services PLC  13 September 2022

 

13 September 2022

BRAEMAR SHIPPING SERVICES PLC

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

Director/PDMR Shareholding - Correction

The Company notifies a correction to the Director/PDMR Shareholding
announcement released by the Company on 8 September 2022 with RNS Number 7434Y
(the "Announcement").

The relevant dates for the exercises of options by Nick Stone and Sebastian
Davenport-Thomas under the Company's Save as You Earn scheme ("SAYE") were
incorrectly stated in the Announcement as 16 August 2022 and 1 August 2022
respectively. The correct dates of exercise were 27 July 2022 and 18 July 2022
respectively.

All other details remain as previously announced. The full amended
notifications (reflecting the correct exercise dates) are set out below 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 Shipping Services 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                                                         Nick Stone

 Reason for the notification

 Position/status                                              Group Chief Financial Officer

 Initial notification /Amendment                              Amendment

 Details of the issuer, emission allowance market participant, auction
 platform, auctioneer or auction monitor
 Name                                                         Braemar Shipping Services 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        4,500

 Aggregated information

 -Aggregated volume                                          4,500 ordinary shares of 10p each

 -Price                                                      £7,200

 Date of the transaction                                      27 July 2022

 Place of the transaction                                     Outside of a trading venue

 

 Aggregated information

 - Aggregated volume

 - Price

 4,500 ordinary shares of 10p each

 £7,200

 Date of the transaction

 27 July 2022

 Place of the transaction

 Outside of a trading venue

 Details of the person discharging managerial responsibilities / person closely
 associated

 Name                                                         Sebastian Davenport-Thomas

 Reason for the notification

 Position/status                                              Global Head of Sale & Purchase, Shipbroking Division

 Initial notification /Amendment                              Amendment

 Details of the issuer, emission allowance market participant, auction
 platform, auctioneer or auction monitor
 Name                                                         Braemar Shipping Services 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                                      18 July 2022

 Place of the transaction                                     Outside of a trading venue

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

4,500 ordinary shares of 10p each

 

£7,200

 

Date of the transaction

 

27 July 2022

Place of the transaction

 

 

Outside of a trading venue

 

 

Details of the person discharging managerial responsibilities / person closely
associated

 

Name

 

Sebastian Davenport-Thomas

 

Reason for the notification

 

Position/status

 

Global Head of Sale & Purchase, Shipbroking Division

Initial notification /Amendment

 

Amendment

Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor

Name

 

Braemar Shipping Services 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

 

18 July 2022

Place of the transaction

 

 

Outside of a trading venue

 

 

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