REG - Braemar Shipping - Director/PDMR Shareholding

BraemarAnnouncement

13/07/2020 17:15

RNS Number : 8714S
  
Braemar Shipping Services PLC
  
13 July 2020
  
 

 
 
 
BRAEMAR SHIPPING SERVICES PLC
("Braemar", the "Company" or the "Group")
13 July 2020
 
Director / PDMR Shareholding
Braemar Shipping Services Plc (LSE:BMS), a leading international provider of shipbroking, financial advisory, logistics and engineering services to the shipping and energy industries, announces that it has granted the following awards over ordinary shares of 10p each in the Company ("Ordinary Shares") under the Company's Deferred Bonus Plan (the "DBP") on 9 July 2020 to certain Persons Discharging Managerial Responsibilities ("PDMRs") of the Company in relation to the individuals' annual bonuses in respect of the 2019/2020 financial year:
 
James Gundy, CEO, Shipbroking - 386,195 
Peter Mason, General Counsel & Company Secretary - 24,650
Nicholas Stone, Group Finance Director & Group Chief Operating Officer - 28,245 
 
These awards will ordinarily vest in three years from the date of grant in accordance with the rules of the DBP.
 
Nicholas Stone and James Gundy have also been given corresponding options under the Company Share Option Plan ("CSOP") over 24,650 Ordinary Shares each, which will vest on the same date as the DBP awards above.  The exercise price for the options is £1.22 per share, which is the average of the middle-market quotations of the Ordinary Shares over the three days immediately preceding the grant date.  The number of shares in respect of which the DBP award will vest will be reduced to take account of any gain in value, as at exercise, of the CSOP options.
 
Further information on the DBP and the CSOP is contained in the Company's 2020 Annual Report.
 
 
For further information, contact:



Braemar Shipping Services Plc








Ron Series, Executive Chairman


Tel +44 (0) 20 3142 4100




Nick Stone, Finance Director








Peter Mason, Company Secretary 
 








finnCap








Matt Goode/ James Thompson/ Kate Washington


Tel +44 (0) 20 7220 0500














Buchanan








Charles Ryland / Victoria Hayns / Stephanie Watson / Matilda Abraham 
 


Tel +44 (0) 20 7466 5000
 



 
 
About Braemar Shipping Services Plc
 
Braemar Shipping Services Plc is a leading international provider of shipbroking, financial advisory, logistics and engineering services principally to the shipping and energy industries. Founded in 1972, Braemar employs approximately 530 people in 28 offices worldwide across its Shipbroking, Financial, Logistics and Engineering divisions.  
 
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.
 
The notification below, made in accordance with requirements of the EU Market Abuse Regulation, provides further details.
 
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
 
 



1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name 
 


James Gundy
 




2 
 


Reason for the notification 
 




a) 
 


Position/status  
 


CEO, Shipbroking




b) 
 


Initial notification /Amendment 
 


Initial




3 
 


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




a) 
 


Name  
 


Braemar Shipping Services Plc




b) 
 


LEI 
 


213800EV6IKTTHJ83C19




4 
 


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 
  




a) 
 


Description of the financial instrument, type of instrument 
 
Identification code  
 


Ordinary shares of 10p each 
 
 
 
GB0000600931




b) 
 


Nature of the transaction 
 


Grant of deferred share award over ordinary shares of 10p each pursuant to the Company's Deferred Bonus Plan




c) 
 


Price(s) and volume(s) 
 


 



Price(s) 


Volume(s)




 
Nil


 
386,195 shares



  




d) 
 


Aggregated information 
  
- Aggregated volume 
  
- Price  
 


 
  
386,195 ordinary shares of 10p each 
  
Nil
 




e) 
 


Date of the transaction  
 


9 July 2020




f) 
 


Place of the transaction 
 


Outside of a trading venue
 
 



 
 
 



1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name 
 


Nicholas Stone
 




2 
 


Reason for the notification 
 




a) 
 


Position/status  
 


Group Finance Director & Group Chief Operating Officer




b) 
 


Initial notification /Amendment 
 


Initial




3 
 


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




a) 
 


Name  
 


Braemar Shipping Services Plc




b) 
 


LEI 
 


213800EV6IKTTHJ83C19




4 
 


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 
  




a) 
 


Description of the financial instrument, type of instrument 
 
Identification code  
 


Ordinary shares of 10p each 
 
 
 
GB0000600931




b) 
 


Nature of the transaction 
 


Grant of deferred share award over ordinary shares of 10p each pursuant to the Company's Deferred Bonus Plan




c) 
 


Price(s) and volume(s) 
 


 



Price(s) 


Volume(s)




 
Nil


 
28,245 shares



  




d) 
 


Aggregated information 
  
- Aggregated volume 
  
- Price  
 


 
  
28,245 ordinary shares of 10p each 
  
Nil
 




e) 
 


Date of the transaction  
 


9 July 2020




f) 
 


Place of the transaction 
 


Outside of a trading venue
 
 



 
 
 
 



1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name 
 


Peter Mason
 




2 
 


Reason for the notification 
 




a) 
 


Position/status  
 


General Counsel & Company Secretary




b) 
 


Initial notification /Amendment 
 


Initial




3 
 


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




a) 
 


Name  
 


Braemar Shipping Services Plc




b) 
 


LEI 
 


213800EV6IKTTHJ83C19




4 
 


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 
  




a) 
 


Description of the financial instrument, type of instrument 
 
Identification code  
 


Ordinary shares of 10p each 
 
 
 
GB0000600931




b) 
 


Nature of the transaction 
 


Grant of deferred share award over ordinary shares of 10p each pursuant to the Company's Deferred Bonus Plan




c) 
 


Price(s) and volume(s) 
 


 



Price(s) 


Volume(s)




 
Nil


 
24,650 shares



  




d) 
 


Aggregated information 
  
- Aggregated volume 
  
- Price  
 


 
  
24,650 ordinary shares of 10p each 
  
Nil
 




e) 
 


Date of the transaction  
 


9 July 2020




f) 
 


Place of the transaction 
 


Outside of a trading venue
 
 



 
 



1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name 
 


James Gundy
 




2 
 


Reason for the notification 
 




a) 
 


Position/status  
 


CEO, Shipbroking 




b) 
 


Initial notification /Amendment 
 


Initial




3 
 


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




a) 
 


Name  
 


Braemar Shipping Services Plc




b) 
 


LEI 
 


213800EV6IKTTHJ83C19




4 
 


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 
  




a) 
 


Description of the financial instrument, type of instrument 
 
Identification code  
 


Ordinary shares of 10p each 
 
 
 
GB0000600931




b) 
 


Nature of the transaction 
 


Grant of options over ordinary shares of 10p each pursuant to the Company Share Option Plan 
 




c) 
 


Price(s) and volume(s) 
 


 



Price(s) 


Volume(s)




 
122p


 
24,650 shares



  




d) 
 


Aggregated information 
  
- Aggregated volume 
  
- Price  
 


 
  
24,650 ordinary shares of 10p each 
  
122p
 




e) 
 


Date of the transaction  
 


9 July 2020




f) 
 


Place of the transaction 
 


Outside of a trading venue
 
 




1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name 
 


Nicholas Stone 
 




2 
 


Reason for the notification 
 




a) 
 


Position/status  
 


Group Finance Director & Group Chief Operating Officer




b) 
 


Initial notification /Amendment 
 


Initial




3 
 


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




a) 
 


Name  
 


Braemar Shipping Services Plc




b) 
 


LEI 
 


213800EV6IKTTHJ83C19




4 
 


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 
  




a) 
 


Description of the financial instrument, type of instrument 
 
Identification code  
 


Ordinary shares of 10p each 
 
 
 
GB0000600931




b) 
 


Nature of the transaction 
 


Grant of options over ordinary shares of 10p each pursuant to the Company Share Option Plan 
 




c) 
 


Price(s) and volume(s) 
 


 



Price(s) 


Volume(s)




 
122p


 
24,650 shares



  




d) 
 


Aggregated information 
  
- Aggregated volume 
  
- Price  
 


 
  
24,650 ordinary shares of 10p each 
  
122p
 




e) 
 


Date of the transaction  
 


9 July 2020




f) 
 


Place of the transaction 
 


Outside of a trading venue
 
 



 


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