Director/PDMR Shareholding

Braemar PLC

10 December 2024

 

 

10 December 2024

BRAEMAR PLC

("Braemar" the "Company")

PDMR Share Dealing

Braemar Plc (LSE: BMS), a leading provider of expert investment, chartering and risk management advice to the shipping and energy markets, announces that on 9 December 2024, James Gundy, Group Chief Executive Officer, exercised 199,494 nil cost options ("Options") granted under the Company's Long Term Incentive Plan ("LTIP") as set out below:

LTIP award grant date	Vesting date	Two-year holding period end date	Number of Options exercised
29 October 2018	26 May 2021	26 May 2023	33,294
1 July 2019	26 August 2022	26 August 2024	166,200

The 2018 and 2019 LTIP awards vested following the assessment of the applicable performance conditions which were disclosed in the 2021 remuneration report (page 58) and 2022 remuneration report (page 74), both reports are available on the Company's website at Financial Reports - Braemar.

The exercise of the Options under the LTIP, has been satisfied through the allocation of existing ordinary shares held by the Braemar Employee Share Ownership Plan; as such, no new ordinary shares have been issued. In order to cover tax and national insurance liabilities arising from the exercise of the Options, James Gundy sold 94,112 shares on 9 December 2024 and retained the balance of 105,382 shares.

Following the above transactions, James Gundy's total shareholding is now 988,907 (being 3% of the Company's issued share capital). A separate TR-1 notification will be released in line with provisions in Chapter 5 of the Disclosure Guidance and Transparency Rules.

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation, which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

For further information, contact:

Braemar Plc
James Gundy, Group Chief Executive Officer	Tel [phone]
Grant Foley, Group Chief Financial Officer
Rebecca-Joy Wekwete, Company Secretary
Canaccord Genuity
Adam James / Harry Rees	Tel [phone]
Burson Buchanan
Charles Ryland / Stephanie Whitmore / Jack Devoy / Abby Gilchrist	Tel [phone]

Details of the person discharging managerial responsibilities / person closely associated
Name	James Gundy
Reason for the notification Position/status	Group Chief Executive Officer
Initial notification /Amendment	Initial
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Name	Braemar Plc
LEI	213800EV6IKTTHJ83C19
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
Description of the financial instrument, type of instrument	Ordinary shares of 10 pence each
Identification code	GB0000600931
Nature of the transaction	Exercise of Options granted under the Company's LTIP in 2018
Price(s) and volume(s)	Price: £0.00	Volume: 33,294
Aggregated information  - Price - Aggregated volume	Price: £0.00 Volume: 33,294
Date of the transaction	9 December 2024
Place of the transaction	Exercise of Options occurred outside a trading venue

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
Description of the financial instrument, type of instrument	Ordinary shares of 10 pence each
Identification code	GB0000600931
Nature of the transaction	Exercise of Options granted under the Company's LTIP in 2019
Price(s) and volume(s)	Price: £0.00	Volume: 166,200
Aggregated information  - Price - Aggregated volume	Price: £0.00 Volume: 166,200
Date of the transaction	9 December 2024
Place of the transaction	Exercise of Options occurred outside a trading venue
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
Description of the financial instrument, type of instrument	Ordinary shares of 10 pence each
Identification code	GB0000600931
Nature of the transaction	Sale of shares to cover tax and national insurance following exercise of Options granted under the Company's LTIP in 2018 and 2019
Price(s) and volume(s)	Price: £2.537266	Volume: 94,112
Aggregated information  - Price - Aggregated volume	Price: £238,787.18 Volume: 94,112
Date of the transaction	9 December 2024
Place of the transaction	London Stock Exchange (XLON)

Notes to Editors:

About Braemar Plc

Braemar provides expert investment, chartering, and risk management advice to the shipping and energy markets that enable its clients to secure sustainable returns and mitigate risk in the volatile world of shipping and energy. Our experienced brokers work in tandem with specialist professionals to form teams tailored to our customers' needs, and provide an integrated service supported by a collaborative culture.

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 and follow Braemar on LinkedIn.

 

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