12 Jul 2018 09:40
12 July 2018
BRAEMAR SHIPPING SERVICES PLC
("Braemar", the "Company" or the "Group")
Notification of transaction by Directors / Persons Discharging Managerial Responsibility and their Closely Associated Persons
Braemar Shipping Services plc (LSE: BMS), a leading international provider of broking, financial, consultancy, technical and logistics services to the shipping, marine, energy, offshore and insurance industries, announces that it was notified on 10 July 2018 that the trustee of the Braemar Employee Share Ownership Plan has approved the release of 7,107 ordinary shares of 10p each in the Company ("Ordinary Shares") to James Kidwell, Chief Executive of the Company.
The release of the Ordinary Shares was made on 10 July 2018 following the vesting, on 22 June 2018, of the Ordinary Shares awarded to James Kidwell at nil cost under the Company's Deferred Bonus Plan in relation to the year ended 28 February 2015.
Following the release of these Ordinary Shares, James Kidwell's total holding of Ordinary Shares (including those of persons closely associated with him) is 152,356 representing approximately 0.48% of the Company's issued share capital.
The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.
For further information, please contact:
Braemar Shipping Services plc | |
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, including our investor presentations, 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 Kidwell | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| CEO | ||||
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
| Release of shares from ESOP under Deferred Bonus Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
7,107 ordinary shares of 10p each
Nil | ||||
e)
| Date of the transaction
| 10/07/2018 | ||||
f) | Place of the transaction | London Stock Exchange, Main Market | ||||
Braemar Shipping (BMS)