Last checked at 18 Aug 2020 09:01
18 August 2020
BRAEMAR SHIPPING SERVICES PLC
("Braemar", the "Company" or the "Group")
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 was notified on 13 August 2020 that the trustee of the Braemar Employee Share Ownership Plan had approved the transfer of ordinary shares of 10p each in the Company ("Ordinary Shares") to certain employees of Braemar, including two PDMRs of the Company, as follows:
Name | Title | Ordinary Shares transferred |
James Gundy | CEO, Shipbroking Division | 32,581 |
Peter Wilson | Managing Director, Logistics Division | 1,700 |
The release of the Ordinary Shares occurred on 13 August 2020 following the vesting of nil cost awards under the Company's Deferred Bonus Plan in relation to the year ended 28 February 2017.
In addition to the Ordinary Shares released as noted above, Peter Wilson's award was partly settled in cash in the amount equivalent to 1,231 shares, being the extent needed to cover his liability to income tax and employee national insurance arising in relation to the settlement of his award.
The Company was also notified on 14 August 2020 that James Gundy had exercised on 14 August 2020, the nil cost options awarded to him under the Company's Restricted Share Plan that had vested on 25 July 2020. Following such exercise, the Company shall issue and allot 6,250 Ordinary Shares of 10 pence each in the Company to James Gundy under its existing block listing arrangements.
Following the release of these Ordinary Shares, the total holding of Ordinary Shares of each of James Gundy and Peter Wilson (including those of persons closely associated with them) will be as follows:
Name | Title | Total Ordinary Shares | % of Company's issued share capital |
James Gundy | CEO, Shipbroking Division | 594,109 | 1.87 |
Peter Wilson | Managing Director, Logistics Division | 4,250 | 0.01 |
The notifications set out below are 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 | |
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
|
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 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
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 Division | ||||
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
| Settlement of award under Deferred Bonus Plan involving acquisition of ordinary shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
32,581 ordinary shares of 10p each
Nil
| ||||
e)
| Date of the transaction
| 13 August 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 Wilson
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Managing Director, Logistics Division | ||||
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
| Settlement of award under Deferred Bonus Plan involving acquisition of ordinary shares and cash in lieu of ordinary shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
1,700 ordinary shares of 10p each
Nil
| ||||
e)
| Date of the transaction
| 13 August 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 Division | ||||
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 under Restricted Share Plan involving acquisition of ordinary shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
6,250 ordinary shares of 10p each
Nil
| ||||
e)
| Date of the transaction
| 14 August 2020 | ||||
f)
| Place of the transaction
| Outside of a trading venue | ||||