Last checked at 27 Aug 2015 07:01
Braemar Shipping Services PLC
("Braemar" or "the Company")
SAYE Share Scheme
Braemar Shipping Services plc (LSE: BMS), a leading international provider of broking, consultancy, technical and other services to the shipping and energy industries is pleased to announce that it has launched a Save as You Earn ("SAYE") share scheme for all employees, under which employees have been offered the opportunity to participate in the future growth of the Company via share option arrangements.
Eligible employees were invited to subscribe for options over ordinary shares of 10 pence ("Ordinary Shares") with an exercise price of 402.67 pence per share, a 20 per cent. discount to the average closing middle price of the Ordinary Shares over 3 days before the invitation to participate was made on 15 June 2015. The options have a savings contract start date of 1 August 2015 and are exercisable between 1 August 2018 and 1 February 2019.
A total of 239 employees elected to participate, and pursuant to this a grant of 353,254 options over Ordinary Shares was made on 7 July 2015, equating to 1.17 per cent. of the current issued share capital.
James Kidwell has elected to participate in the SAYE share scheme and is included in the total figures above. As a result of this option grant, James Kidwell has the following interest in shares under options:
Director | Options granted over Ordinary Shares under the SAYE scheme | Total interest held under option | % of issued share capital |
J.R.V. Kidwell | 2,235 | 253,639 | 0.8 |
27 August 2015
For further information, contact:
Braemar Shipping Services | |
James Kidwell, Chief Executive | Tel +44 (0) 20 3142 4100 |
Louise Evans, Finance Director | Tel +44 (0) 20 3142 4100 |
Westhouse Securities | |
Robert Finlay / Henry Willcocks | Tel +44 (0) 20 7601 6100 |
Buchanan | |
Charles Ryland Gabriella Clinkard | Tel +44 (0) 20 7466 5107 Tel +44 (0) 20 7466 5117 |
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 1,000 people in more than 70 locations worldwide across its Shipbroking, Technical and Logistics divisions. In July 2014 Braemar merged with ACM Shipping Group PLC.
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.