30 Aug 2019 11:15
30 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 has received notification of the purchase of a total of 25,000 ordinary shares of 10p each in the Company ("Shares") by James Gundy, Chief Executive of the Company's Shipbroking division, with 5,000 Shares purchased at 198p each and 20,000 shares purchased at 201.475p each.
The Company also announces that it has received notification of an historic shareholding held by a connected person of James Gundy of 5,000 Shares, which were acquired prior to James Gundy becoming a Person Discharging Managerial Responsibility of the Company.
Following these notifications, James Gundy's total holding of Shares (including those of persons closely associated with him) is 555,278 Shares, representing approximately 1.76% 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
| Acquisition of ordinary shares of 10p each | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
5,000
198p
| ||||||
e)
| Date of the transaction
| 28 August 2019 | ||||||
f)
| Place of the transaction
| London Stock Exchange | ||||||
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
| Acquisition of ordinary shares of 10p each | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
20,000
2.01475p | ||||||
e)
| Date of the transaction
| 29 August 2019 | ||||||
f)
| Place of the transaction
| London Stock Exchange | ||||||
Braemar Shipping (BMS)