Director/PDMR Shareholding

RNS Number : 9502C

Braemar Shipping Services PLC

20 June 2019

 

 

BRAEMAR SHIPPING SERVICES PLC

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

20 June 2019

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 an award of 194,000 ordinary shares of 10p each in the Company ("Ordinary Shares") to James Gundy, a PDMR of the Company, under the Company's Deferred Bonus Plan (the "DBP") on 17 June 2019.  This award was in relation to James Gundy's annual bonus payment in respect of the 2018/19 financial year, of which a portion was deferred into Ordinary Shares that vest in three years from the date of grant in accordance with the rules of the DBP.  Further information on the DBP is contained in the Company's 2019 Annual Report.

For further information, contact:

Braemar Shipping Services
James Kidwell, Chief Executive	Tel [phone]
Nick Stone, Finance Director
Peter Mason, Company Secretary
Shore Capital
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 (although this will fall by around 250 people and 30 locations following the announced disposal of the Technical business units) worldwide across its Shipbroking, Financial, Logistics and Technical 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	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 194,000 shares
d)	Aggregated information - Aggregated volume - Price	194,000 ordinary shares of 10p each  Nil
e)	Date of the transaction	17 June 2019
f)	Place of the transaction	London Stock Exchange, Main Market

 

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