Braemar Shipping Services plc (the "Company")
Director / PDMR Shareholding
The Company announces that, on 10 May 2012, the trustee of the Employee Share Ownership Plan ("ESOP") transferred ordinary shares of 10 pence each ("Shares") under the Company's Long Term Incentive Plan ("LTIP") to Directors of the Company as follows:
Director |
Number of vesting Shares
|
Number of Shares withheld in ESOP to cover tax liability |
Number of Shares transferred to Director ("Net Shares") |
|
|
|
|
J.R.V. Kidwell |
6,666 |
3,333 |
3,333 |
A.R.W. Marsh |
6,666 |
3,333 |
3,333 |
D. Petropoulos |
6,666 |
0 |
6,666 |
Q.B. Soanes |
6,666 |
0 |
6,666 |
Both James Kidwell and Alan Marsh elected to have 3,333 Shares each withheld by the ESOP in order to satisfy tax liabilities arising on the vesting of this award.
The Net Shares were transferred out of the ESOP for nil consideration in order to satisfy the vesting of Shares granted under the LTIP, following satisfaction of the conditions of such grant.
Following the vesting referred to above the holdings of those Directors in Shares, all of which are beneficial, are set out below:
Director |
Shares |
% of issued share capital |
|
|
|
J.R.V. Kidwell |
111,304 |
0.51 |
A.R.W. Marsh |
1,269,293 |
5.87 |
D. Petropoulos |
598,191 |
2.77 |
Q.B. Soanes |
1,205,147 |
5.58 |
Following the vesting noted above the Directors noted above, Messrs Marsh, Kidwell, Soanes and Petropoulos who are all executive directors of the Company, in common with the other employees have an interest in 814,626 Shares held on behalf of the ESOP.
10 May 2012
For further information, contact:
Braemar Shipping Services plc James Kidwell (Finance Director) Laura Bugden (Company Secretary)
|
Tel +44 (0) 20 7535 2881 Tel +44 (0) 20 7903 2735
|
Westhouse Securities Limited Dermot McKechnie Henry Willcocks |
Tel +44 (0) 20 7601 6100 |