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24 Aug 2018 15:39
BRAEMAR SHIPPING SERVICES PLC
("Braemar", the "Company" or the "Group")
24 August 2018
Notification of transaction by Directors / Persons Discharging Managerial Responsibility and their Closely Associated Persons
Braemar Shipping Services plc (LSE: BMS) announces that it was notified on 24 August 2018 that James Gundy, Chief Executive of the Company's Shipbroking Division, had exercised, on 24 August 2018, the nil cost options awarded to him under the Company's Restricted Share Plan that had vested on 25 July 2018. Following such exercise, it is anticipated that the trustee of the Braemar Shipping Services plc Employee Ownership Plan will release 13,250 ordinary shares of 10 pence each in the Company ("Shares") to James Gundy.
Following the release of these Shares, James Gundy's total holding of Shares will be 490,352 representing approximately 1.56% 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 | |
James Kidwell, Chief Executive | Tel +44 (0) 20 3142 4100 |
Peter Mason, Company Secretary | Tel +44 (0) 20 3142 4100 |
Stockdale Securities | |
Robert Finlay / Antonio Bossi / Henry Willcocks | Tel +44 (0) 20 7601 6100 |
Buchanan | |
Charles Ryland / Stephanie Watson / Tilly Abraham | Tel +44 (0) 20 7466 5000
|
Notes to Editors:
About Braemar Shipping Services plc
Braemar Shipping Services plc is a leading international provider of knowledge and skill-based services to the shipping, marine, energy, offshore and insurance industries. Founded in 1972, Braemar employs approximately 800 people in more than 70 locations worldwide across its Shipbroking, Technical, Logistics and Financial divisions.
Braemar joined the Official List of the London Stock Exchange in November 1997 and trades under the symbol BMS.
For more information visit www.braemar.com
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
| Exercise of options following their vesting pursuant to the Company's Restricted Share Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
13,250 ordinary shares of 10p each
Nil | ||||
e)
| Date of the transaction
| 24/08/2018 | ||||
f)
| Place of the transaction
| London Stock Exchange, Main Market | ||||
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