Director / PDMR Shareholding

RNS Number : 0194G

Braemar Shipping Services PLC

01 November 2018

 

 

 

BRAEMAR SHIPPING SERVICES PLC

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

1 November 2018

 

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 the Company's Remuneration Committee granted share awards to certain PDMRs of the Company on 29 October 2018, as follows:

150,537 awards were made to James Gundy, CEO of the Shipbroking division, under the Company's Long Term Incentive Plan (the "LTIP").  These awards are nil cost options to acquire ordinary shares of 10p each in the Company ("Ordinary Shares"), which will ordinarily vest in three years subject to certain performance criteria based on the Company's earnings per share and the Shipbroking division's underlying operating profit performance. 

An award of 21,505 Ordinary Shares was made to Grant Smith, Managing Director of the Technical division, under the Company's Deferred Bonus Plan (the "DBP").  These shares will ordinarily vest in three years from the date of grant.

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

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

For further information, contact:

Braemar Shipping Services
James Kidwell, Chief Executive	Tel [phone]
James Hayward, Interim Finance Director Peter Mason, Company Secretary
Stockdale Securities
Robert Finlay / Antonio Bossi / Henry Willcocks	Tel [phone]
Buchanan
Charles Ryland / Stephanie Watson / Matilda 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 750 people in more than 60 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 presentation, visit www.braemar.com

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	Receipt of LTIP awards of nil cost options over ordinary shares of 10p each
c)	Price(s) and volume(s)	Price(s)  Volume(s) Nil 150,537 shares
d)	Aggregated information - Aggregated volume - Price	150,537 ordinary shares of 10p each  Nil
e)	Date of the transaction	29 October 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	Receipt 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 21,505 shares
d)	Aggregated information - Aggregated volume - Price	21,505 ordinary shares of 10p each  Nil
e)	Date of the transaction	29 October 2018
f)	Place of the transaction	London Stock Exchange, Main Market

 

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