Last checked at 21 Aug 2019 07:00
21 August 2019
BRAEMAR SHIPPING SERVICES PLC
("Braemar", the "Company" or the "Group")
Notification of transaction by Person Discharging Managerial Responsibility
Braemar Shipping Services plc (LSE:BMS) announces that it was notified on 19 August 2019 that James Gundy, Chief Executive of the Company's Shipbroking division, had exercised, on 19 August 2019, the nil cost options awarded to him under the Company's Restricted Share Plan that had vested on 25 July 2019. Following such exercise, the Company shall allot and issue 18,750 ordinary shares of 10 pence each in the Company (the "Shares") to James Gundy under its existing block listing arrangements.
Following the issue of these Shares, James Gundy's total holding of Shares will be 525,278 representing approximately 1.67% of the Company's issued ordinary share capital.
The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.
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 | |
Shore Capital | |
Robert Finlay / Antonio Bossi / Henry Willcocks | Tel +44 (0) 20 7408 4090 |
Buchanan | |
Charles Ryland / Vicky Hayns / Stephanie Watson | Tel +44 (0) 20 7466 5000
|
Notes to Editors:
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 30 locations 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
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
| Exercise of options pursuant to the Braemar Shipping Services plc 2014 Restricted Share Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
18,750
Nil
| ||||
e)
| Date of the transaction
| 19 August 2019 | ||||
f)
| Place of the transaction
| Outside of a trading venue | ||||