Director/PDMR Shareholding

RNS Number : 7747G

Braemar Shipping Services PLC

01 June 2017

 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Braemar Shipping Services plc

("Braemar" or the "Company")

Employee Share Scheme and PDMR Dealing

Braemar Shipping Services plc (LSE: BMS), a leading international provider of broking, consultancy, technical and other services to the shipping, marine, energy, offshore and insurance industries, is pleased to announce that it has launched a Save as You Earn share scheme for all employees (the "SAYE Scheme"). Under the SAYE Scheme, employees have been offered the opportunity to participate in the future growth of the Company through the granting of share options.

Eligible employees were invited to subscribe for options over ordinary shares of 10 pence each in the Company ("Ordinary Shares") with an exercise price of 245.04 pence per share, representing a 20% discount to the closing mid-market price of the Ordinary Shares over the three days prior to the invitation to participate which was made on 24 May 2017. The options have a savings contract start date of 1 August 2017 and are exercisable between 1 August 2020 and 1 February 2021.

Certain Executive Directors and PDMRs have elected to participate in the scheme as follows:

Name	Title	SAYE Share Options Granted
James Kidwell	Group Chief Executive	3,672
Louise Evans	Group Finance Director	3,672
James Gundy	Chief Executive, Shipbroking division	3,672
Kevin Gorman	Managing Director, Logistics division	3,672

Non-Executive Directors were not eligible to participate.

In addition, on 31 May 2017 Braemar granted share awards under the Company's Deferred Bonus Plan.

Awards were made to the following PDMRs in relation to their annual bonus payments in respect of the 2016/2017 financial year, of which a portion was deferred into Company shares which vest in three years from the date of grant:

Name	Title	Deferred share awards granted
James Gundy	Chief Executive, Shipbroking division	32,581
Kevin Gorman	Managing Director, Logistics division	2,000

Further details of interests held by Executive Directors and of the Deferred Bonus Plan are disclosed in the Annual Report 2017 which is available on our website www.braemar.com/investors.

For further information, contact:

Braemar Shipping Services
James Kidwell, Chief Executive	Tel [phone]
Louise Evans, Finance Director	Tel [phone]
Stockdale Securities
Robert Finlay / Antonio Bossi / Henry Willcocks	Tel [phone]
Buchanan
Charles Ryland / Victoria Hayns / Stephanie Watson	Tel [phone]

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 850 people in more than 70 locations worldwide across its Shipbroking, Technical and Logistics 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

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCA") 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	Executive Director
b)	Initial notification  / Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Braemar Shipping Services plc
b)	LEI	N/A
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:	Options over Ordinary shares of 10pence each   ISIN: GB0000600931
b)	Nature of the transaction	Grant of SAYE Options
c)	Price(s) and volume(s)	Price(s)   Volume(s) 245.04p   3,672
d)	Aggregated information	N/A
e)	Date of the transaction	31 May 2017
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Louise Evans
2	Reason for the notification
a)	Position/status	Executive Director
b)	Initial notification  / Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Braemar Shipping Services plc
b)	LEI	N/A
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:	Options over Ordinary shares of 10pence each   ISIN: GB0000600931
b)	Nature of the transaction	Grant of SAYE Options
c)	Price(s) and volume(s)	Price(s)   Volume(s) 245.04p   3,672
d)	Aggregated information	N/A
e)	Date of the transaction	31 May 2017
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	James Gundy
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification  / Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Braemar Shipping Services plc
b)	LEI	N/A
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:	Options over Ordinary shares of 10 pence each   ISIN: GB0000600931
b)	Nature of the transaction	Grant of SAYE Options
c)	Price(s) and volume(s)	Price(s)   Volume(s) 245.04p   3,672
d)	Aggregated information	N/A
e)	Date of the transaction	31 May 2017
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Kevin Gorman
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification  / Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Braemar Shipping Services plc
b)	LEI	N/A
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:	Options over Ordinary shares of 10 pence each   ISIN: GB0000600931
b)	Nature of the transaction	Grant of SAYE Options
c)	Price(s) and volume(s)	Price(s)   Volume(s) 245.04p   3,672
d)	Aggregated information	N/A
e)	Date of the transaction	31 May 2017
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	James Gundy
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification  / Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Braemar Shipping Services plc
b)	LEI	N/A
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:	Options over Ordinary shares of 10 pence each   ISIN: GB0000600931
b)	Nature of the transaction	Grant of deferred share awards
c)	Price(s) and volume(s)	Price(s)   Volume(s) 0.00p  32,581
d)	Aggregated information	N/A
e)	Date of the transaction	31 May 2017
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Kevin Gorman
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification  / Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Braemar Shipping Services plc
b)	LEI	N/A
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:	Options over Ordinary shares of 10 pence each   ISIN: GB0000600931
b)	Nature of the transaction	Grant of deferred share awards
c)	Price(s) and volume(s)	Price(s)   Volume(s) 0.00p   2,000
d)	Aggregated information	N/A
e)	Date of the transaction	31 May 2017
f)	Place of the transaction	Off market

 

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