Director/PDMR Shareholding

RNS Number : 6322S

Braemar Shipping Services PLC

26 June 2018

 

26 June 2018

BRAEMAR SHIPPING SERVICES PLC

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

Director / PDMR Shareholding

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 granted share awards to certain PDMRs of the Company on 22 June 2018, as follows:

Long Term Incentive Plan ("LTIP")

113,606 awards to James Kidwell in respect of the awards that were to be granted last year, but were not due to regulatory restrictions.  These awards are nil cost options to acquire ordinary shares of 10p each in the Company ("Ordinary Shares") and will vest in two years subject to certain performance criteria based on the Company's earnings per share.

A further 127,120 awards were made to James Kidwell, and 90,800 awards were made to Grant Smith, in respect of this year.  These awards are nil cost options to acquire Ordinary Shares and will vest in three years subject to certain performance criteria based on the Company's earnings per share and, in the case of Grant Smith, the Technical division's underlying operating profit performance.

Further information in relation to the LTIP is contained in the Company's 2018 Annual Report.

Deferred Bonus Plan ("DBP")

The following awards of Ordinary Shares were made in relation to the individual's annual bonus payments in respect of the 2017/2018 financial year, of which a portion was deferred into Ordinary Shares that vest in three years from the date of grant:

Louise Evans	-	16,344
James Gundy	-	38,354
James Kidwell	-	21,186

Further information in relation to the DBP is contained in the Company's 2018 Annual Report.

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.

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

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	Grant of LTIP awards of nil cost options over ordinary shares of 10p each and a deferred share award of ordinary shares of 10p each pursuant to the Company's Deferred Bonus Plan
c)	Price(s) and volume(s)	Transaction Price(s)  Volume(s) LTIP Nil 240,726 shares DBP Nil 21,186 shares
d)	Aggregated information - Aggregated volume - Price	261,912 ordinary shares of 10p each  Nil
e)	Date of the transaction	22 June 2018
f)	Place of the transaction	London Stock Exchange, Main Market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Grant Smith
2	Reason for the notification
a)	Position/status	Managing Director, Technical Division
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	Grant of LTIP awards of nil cost options over ordinary shares of 10p each
c)	Price(s) and volume(s)	Price(s)  Volume(s) Nil 90,800 shares
d)	Aggregated information - Aggregated volume - Price	90,800 ordinary shares of 10p each  Nil
e)	Date of the transaction	22 June 2018
f)	Place of the transaction	London Stock Exchange, Main Market
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	Grant of deferred share award of ordinary shares of 10p each pursuant to the Company's Deferred Bonus Plan
c)	Price(s) and volume(s)	Price(s)  Volume(s) Nil 38,354 shares
d)	Aggregated information - Aggregated volume - Price	38,354 ordinary shares of 10p each  Nil
e)	Date of the transaction	22 June 2018
f)	Place of the transaction	London Stock Exchange, Main Market
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Louise Evans
2	Reason for the notification
a)	Position/status	Group Finance Director
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	Grant of a deferred share award of ordinary shares of 10p each pursuant to the Company's Deferred Bonus Plan
c)	Price(s) and volume(s)	Price(s)  Volume(s) Nil 16,344 shares
d)	Aggregated information - Aggregated volume - Price	16,344 ordinary shares of 10p each  Nil
e)	Date of the transaction	22 June 2018
f)	Place of the transaction	London Stock Exchange, Main Market

 

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