Last checked at 8 Sep 2022 07:45
8 September 2022
BRAEMAR SHIPPING SERVICES PLC
("Braemar", the "Company" or the "Group")
Director/PDMR Shareholding
Braemar, a leading international Shipbroker and provider of expert advice in shipping investment, chartering and risk management announces that on 3 August 2022 and 24 August 2022, ordinary shares of 10p each in the Company ("Ordinary Shares") were allotted to certain employees of Braemar, including two persons discharging managerial responsibilities ("PDMRs") of the Company, as follows:
Name | Title | Ordinary shares released |
Nick Stone | Group Chief Financial Officer | 4,500 |
Sebastian Davenport-Thomas | Global Head of Sale & Purchase, Shipbroking Division | 5,625 |
The allotment of the Ordinary Shares occurred on 3 August 2022 and 24 August 2022 following the exercise of options under the Company's Save as You Earn scheme ("SAYE") on 1 August 2022 by Sebastian Davenport-Thomas and on 16 August by Nick Stone. Under the terms of the SAYE, the exercise price for the options was £1.60 per Ordinary Share, and the new Ordinary Shares were issued under the Company's existing block listing arrangements.
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 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) Alex Pollen / Leif Powis (Sales) |
Tel +44 (0) 20 7397 8900 | |
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 and follow Braemar on LinkedIn. | |||||||||||||||||||||||||||||||||||
Details of the person discharging managerial responsibilities / person closely associated
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Name
| Sebastian Davenport-Thomas
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Reason for the notification
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Position/status
| Global Head of Sale & Purchase, Shipbroking Division | ||||||||||||||||||||||||||||||||||
Initial notification /Amendment
| Initial | ||||||||||||||||||||||||||||||||||
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)
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Aggregated information
- Aggregated volume
- Price
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5,625 ordinary shares of 10p each
£9,000 | ||||||||||||||||||||||||||||||||||
Date of the transaction
| 1 August 2022 | ||||||||||||||||||||||||||||||||||
Place of the transaction
| Outside of a trading venue
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