Director/PDMR Shareholding

RNS Number : 4443U

Braemar Shipping Services PLC

12 July 2018

 

12 July 2018

BRAEMAR SHIPPING SERVICES PLC

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

Notification of transaction by Directors / Persons Discharging Managerial Responsibility and their Closely Associated Persons

Braemar Shipping Services plc (LSE: BMS), a leading international provider of broking, financial, consultancy, technical and logistics services to the shipping, marine, energy, offshore and insurance industries, announces that it was notified on 10 July 2018 that the trustee of the Braemar Employee Share Ownership Plan has approved the release of 7,107 ordinary shares of 10p each in the Company ("Ordinary Shares") to James Kidwell, Chief Executive of the Company.

The release of the Ordinary Shares was made on 10 July 2018 following the vesting, on 22 June 2018, of the Ordinary Shares awarded to James Kidwell at nil cost under the Company's Deferred Bonus Plan in relation to the year ended 28 February 2015.

Following the release of these Ordinary Shares, James Kidwell's total holding of Ordinary Shares (including those of persons closely associated with him) is 152,356 representing approximately 0.48% of the Company's issued share capital.

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

For further information, please contact:

Braemar Shipping Services plc
James Kidwell, Chief Executive	Tel [phone]
Peter Mason, Company Secretary	Tel [phone]
Stockdale Securities
Robert Finlay / Antonio Bossi / Henry Willcocks	Tel [phone]
Buchanan
Charles Ryland / Stephanie Watson / Tilly Abraham	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 800 people in more than 70 locations worldwide across its Shipbroking, Technical, Logistics and Financial 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 presentations, 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 Kidwell
2	Reason for the notification
a)	Position/status	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	Release of shares from ESOP under Deferred Bonus Plan
c)	Price(s) and volume(s)	Price(s)  Volume(s)  Nil 7,107
d)	Aggregated information - Aggregated volume - Price	7,107 ordinary shares of 10p each   Nil
e)	Date of the transaction	10/07/2018
f)	Place of the transaction	London Stock Exchange, Main Market

 

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