Director/PDMR Shareholding

RNS Number : 0626P

Braemar Shipping Services PLC

25 August 2017

 

BRAEMAR SHIPPING SERVICES PLC

("Braemar", the "Company" or the "Group")

25 August 2017

Director / PDMR Shareholding

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, announces that the Company was informed on 24 August 2017 that the trustee of the Braemar Shipping Services plc Employee Share Ownership Plan had released 13,250 ordinary shares of 10 pence each in the Company ("Shares") to James Gundy, Chief Executive of the Company's Shipbroking Division.

The release was made following the vesting, on 25 July 2017, of the Shares awarded to James Gundy at nil cost under the Company's Restricted Share Plan.

Following this announcement, James Gundy holds 477,102 Shares, equivalent to 1.58% of the Company's issued ordinary share capital.

A copy of the notification made in accordance with Article 19 of the EU Market Abuse Regulation is below.

For further information, contact:

Braemar Shipping Services
James Kidwell, Chief Executive	Tel [phone]
Louise Evans, Finance Director Peter Mason, Company Secretary	Tel [phone] Tel [phone]
Stockdale Securities
Robert Finlay / Antonio Bossi / Henry Willcocks	Tel [phone]
Buchanan
Charles Ryland / Vicky Watkins / Stephanie Watson	Tel [phone]

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 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 and persons closely associated with them

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	Release of ordinary shares of 10p each to James Gundy from the Company's ESOP following their vesting pursuant to the Company's Restricted Share Plan
c)	Price(s) and volume(s)	Price(s)  Volume(s) Nil 13,250 shares
d)	Aggregated information - Aggregated volume - Price	13,250 ordinary shares of 10p each  Nil
e)	Date of the transaction	23 August 2017
f)	Place of the transaction	London Stock Exchange, Main Market

 

END

 

 

DSHOKPDBPBKDKFB