Director/PDMR Shareholding

RNS Number : 9571H

Braemar Shipping Services PLC

06 August 2019

 

6 August 2019

BRAEMAR SHIPPING SERVICES PLC

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

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, announces that it was notified on 2 August 2019 that the trustee of the Braemar Employee Share Ownership Plan had approved the release of ordinary shares of 10p each in the Company ("Ordinary Shares") to certain PDMRs of the Company, as follows:

Name	Title	Ordinary Shares released
James Gundy	CEO, Shipbroking	16,176
Peter Wilson	Managing Director, Logistics Division	1,050

The release of the Ordinary Shares occurred on 2 August 2019 following the vesting of nil cost awards under the Company's Deferred Bonus Plan in relation to the year ended 29 February 2016.

Following the release of these Ordinary Shares, the total holding of Ordinary Shares of each of James Gundy and Peter Wilson (including those of persons closely associated with them) is as follows:

Name	Title	Total Ordinary Shares	% of Company's issued share capital
James Gundy	CEO, Shipbroking	506,528	1.61
Peter Wilson	Managing Director, Logistics Division	2,550	0.01

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 plc
Ron Series, Executive Chairman	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

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	Release of shares from ESOP under Deferred Bonus Plan
c)	Price(s) and volume(s)	Price(s)  Volume(s) Nil 16,176
d)	Aggregated information - Aggregated volume - Price	16,176 ordinary shares of 10p each  Nil
e)	Date of the transaction	2 August 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 Wilson
2	Reason for the notification
a)	Position/status	Managing Director, Logistics 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	Release of shares from ESOP under Deferred Bonus Plan
c)	Price(s) and volume(s)	Price(s)  Volume(s) Nil 1,050
d)	Aggregated information - Aggregated volume - Price	1,050 ordinary shares of 10p each  Nil
e)	Date of the transaction	2 August 2019
f)	Place of the transaction	London Stock Exchange, Main Market

 

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