Last checked at 13 Jul 2020 17:13
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)
|
| ||||
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)
|
| ||||
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)
|
| ||||
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)
|
| ||||
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)
|
| ||||
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
| ||||