Director/PDMR Shareholding

RNS Number : 7624J

Braemar Shipping Services PLC

30 June 2017

 

BRAEMAR SHIPPING SERVICES PLC

("Braemar" or the "Company")

Director / PDMR Shareholding

Braemar Shipping Services PLC (LSE: BMS), a leading international provider of knowledge and skills-based services to the shipping, marine, energy, offshore and insurance industries announces that the Company was informed on 28 June 2017 that the trustee of the Braemar Shipping Services plc Employee Share Ownership Plan ("ESOP") released 5,179 ordinary shares of 10 pence each in the Company ("Shares") to James Kidwell, Chief Executive of the Company and 4,000 Shares to Grant Smith a PDMR.

The release of the Shares was made following the vesting, on 22 May 2017, of the Shares awarded to James Kidwell and Grant Smith at nil cost under the Company's Deferred Bonus Plan in relation to the year ended 28 February 2014.

Following this announcement, James Kidwell holds 145,249 Shares, equivalent to 0.5% of the Company's issued ordinary share capital and Grant Smith holds 48,375 Shares, equivalent to 0.2% of the Company's issued ordinary share capital.

30 June 2017

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 10 pence each ISIN: GB0000600931
b)	Nature of the transaction	Release of shares from ESOP under Deferred Bonus Plan
c)	Price(s) and volume(s)	Price(s)   Volume(s) Nil   5,179
d)	Aggregated information	N/A
e)	Date of the transaction	28 June 2017
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Grant Smith
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	Release of shares from ESOP under Deferred Bonus Plan
c)	Price(s) and volume(s)	Price(s)   Volume(s) Nil   4,000
d)	Aggregated information	N/A
e)	Date of the transaction	28 June 2017
f)	Place of the transaction	Off market

 

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