Employee Share Scheme & Director/PDMR Shareholding

RNS Number : 8601E

Braemar Shipping Services PLC

08 July 2019

 

8 July 2019

BRAEMAR SHIPPING SERVICES PLC

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

Employee Share Scheme and Director / PDMR Shareholding

Braemar Shipping Services plc (LSE:BMS), a leading international provider of shipbroking, financial advisory, port and marine consulting services principally to the shipping and energy industries, is pleased to announce the grant, on 5 July 2019, of options to certain of its employees under its Save as You Earn scheme (the "SAYE Scheme").

Eligible employees were invited to subscribe for a limited number of options over ordinary shares of 10 pence each in the Company ("Ordinary Shares") through a monthly subscription limited to £250 per employee per month, commencing on 1 August 2019 for 36 months.  The options have an exercise price of 160 pence per Ordinary Share, representing a 20% discount to the middle market quotations of the Ordinary Shares over the three days immediately preceding the invitation to participate on 14 June 2019, and are exercisable from 1 August 2022.

The following PDMRs of the Company have elected to participate in the SAYE Scheme as follows:

Name	Title	SAYE Share Options Granted
James Gundy	CEO, Shipbroking	5,625
Nick Stone	Group Finance Director	5,625
Peter Mason	General Counsel & Company Secretary	5,625

Director / PDMR Shareholding

In addition, Braemar is pleased to announce that Steve Kunzer, a non-executive director of the Company, bought 10,000 Ordinary Shares at 179.75 pence per Ordinary Share on 5 July 2019, following which his total holding of Ordinary Shares (including those of persons closely associated with him) is 10,000, representing approximately 0.03% of the Company's issued share capital.

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 / Vicky Hayns / Stephanie Watson	Tel [phone]

Notes to Editors:

About Braemar Shipping Services plc

Braemar Shipping Services plc is a leading international provider of shipbroking, financial advisory, port and marine consulting services principally to the shipping and energy industries.  Founded in 1972, Braemar employs approximately 530 people in 30 locations worldwide across its Shipbroking, Financial, Logistics and Engineering 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

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 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	Options over ordinary shares of 10p each  GB0000600931
b)	Nature of the transaction	Grant of options over ordinary shares of 10p each under SAYE Scheme
c)	Price(s) and volume(s)	Transaction Price(s)  Volume(s) SAYE option 160p 5,625
d)	Aggregated information - Aggregated volume - Price	Options over 5,625 ordinary shares of 10p each  N/A
e)	Date of the transaction	5 July 2019
f)	Place of the transaction	London Stock Exchange, Main Market
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nick Stone
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	Options over ordinary shares of 10p each  GB0000600931
b)	Nature of the transaction	Grant of options over ordinary shares of 10p each under SAYE Scheme
c)	Price(s) and volume(s)	Transaction Price(s)  Volume(s) SAYE option 160p 5,625
d)	Aggregated information - Aggregated volume - Price	Options over 5,625 ordinary shares of 10p each  N/A
e)	Date of the transaction	5 July 2019
f)	Place of the transaction	London Stock Exchange, Main Market
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Peter Mason
2	Reason for the notification
a)	Position/status	General Counsel & Company Secretary
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	Options over ordinary shares of 10p each  GB0000600931
b)	Nature of the transaction	Grant of options over ordinary shares of 10p each under SAYE Scheme
c)	Price(s) and volume(s)	Transaction Price(s)  Volume(s) SAYE option 160p 5,625
d)	Aggregated information - Aggregated volume - Price	Options over 5,625 ordinary shares of 10p each  N/A
e)	Date of the transaction	5 July 2019
f)	Place of the transaction	London Stock Exchange, Main Market
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Steve Kunzer
2	Reason for the notification
a)	Position/status	Non-executive 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	Acquisition
c)	Price(s) and volume(s)	Price(s)  Volume(s) 179.75p 10,000
d)	Aggregated information - Aggregated volume - Price	10,000 ordinary shares of 10p each  £17,975
e)	Date of the transaction	5 July 2019
f)	Place of the transaction	London Stock Exchange, Main Market

 

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