4 Jul 2019 16:31
4 July 2019
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, port and marine consulting services principally to the shipping and energy industries, announces that it granted awards under its Long Term Incentive Plan ("LTIP") to certain PDMRs of the Company on 1 July 2019, as follows:
James Gundy, CEO, Shipbroking - 184,210
James Kidwell, Group CEO - 184,210
Nick Stone, Group Finance Director - 105,263
Peter Mason, General Counsel & Company Secretary - 42,105
Peter Wilson, Managing Director, Logistics Division - 63,157
These awards are nil cost options to acquire ordinary shares of 10p each in the Company and will vest in three years subject to certain performance criteria based on the Company's adjusted earnings per share and, for James Gundy and Peter Wilson, the underlying operating profit of the Shipbroking and Logistics Divisions respectively.
Further information in relation to the LTIP is contained in the Company's 2019 Annual Report.
For further information, contact:
Braemar Shipping Services | |
James Kidwell, Chief Executive | 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 7601 6100 |
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, port and marine consulting 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
The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.
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
| Grant of LTIP awards of nil cost options over ordinary shares of 10p each | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
184,210 ordinary shares of 10p each
Nil
| ||||||
e)
| Date of the transaction
| 1 July 2019 | ||||||
f)
| Place of the transaction
| London Stock Exchange, Main Market | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| James Kidwell
| ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| Group 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
| Grant of LTIP awards of nil cost options over ordinary shares of 10p each | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
184,210 ordinary shares of 10p each
Nil
| ||||||
e)
| Date of the transaction
| 1 July 2019 | ||||||
f)
| Place of the transaction
| London Stock Exchange, Main Market | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Nick Stone
| ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| Group Finance Director | ||||||
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
| Grant of LTIP awards of nil cost options over ordinary shares of 10p each | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
105,263 ordinary shares of 10p each
Nil
| ||||||
e)
| Date of the transaction
| 1 July 2019 | ||||||
f)
| Place of the transaction
| London Stock Exchange, Main Market | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Peter Mason
| ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| General Counsel & Company Secretary | ||||||
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
| Grant of LTIP awards of nil cost options over ordinary shares of 10p each | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
42,105 ordinary shares of 10p each
Nil
| ||||||
e)
| Date of the transaction
| 1 July 2019 | ||||||
f)
| Place of the transaction | London Stock Exchange, Main Market | ||||||
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
| Grant of LTIP awards of nil cost options over ordinary shares of 10p each | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
63,157 ordinary shares of 10p each
Nil
| ||||||
e)
| Date of the transaction
| 1 July 2019 | ||||||
f)
| Place of the transaction
| London Stock Exchange, Main Market | ||||||
Braemar Shipping (BMS)