Director/PDMR Shareholding

RNS Number : 7434Y

Braemar Shipping Services PLC

08 September 2022

 

 

8 September 2022

BRAEMAR SHIPPING SERVICES PLC

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

Director/PDMR Shareholding

Braemar, a leading international Shipbroker and provider of expert advice in shipping investment, chartering and risk management announces that on 3 August 2022 and 24 August 2022, ordinary shares of 10p each in the Company ("Ordinary Shares") were allotted to certain employees of Braemar, including two persons discharging managerial responsibilities ("PDMRs") of the Company, as follows:

Name	Title	Ordinary shares released
Nick Stone	Group Chief Financial Officer	4,500
Sebastian Davenport-Thomas	Global Head of Sale & Purchase, Shipbroking Division	5,625

The allotment of the Ordinary Shares occurred on 3 August 2022 and 24 August 2022 following the exercise of options under the Company's Save as You Earn scheme ("SAYE") on 1 August 2022 by Sebastian Davenport-Thomas and on 16 August by Nick Stone. Under the terms of the SAYE, the exercise price for the options was £1.60 per Ordinary Share, and the new Ordinary Shares were issued under the Company's existing block listing arrangements.

The notifications set out below are 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.

Further information on the SAYE is contained in the Company's 2022 Annual Report.

For further information, contact:

Braemar Shipping Services Plc
James Gundy, Group Chief Executive Officer		Tel [phone]
Nick Stone, Group Chief Financial Officer
Investec Bank Plc
Gary Clarence / Harry Hargreaves / Alice King		Tel [phone]
Cenkos Securities plc Ben Jeynes / Max Gould (Corporate Finance) Alex Pollen / Leif Powis (Sales)		Tel [phone]
Buchanan
Charles Ryland/ Stephanie Whitmore / Jack Devoy		Tel [phone]

Notes to Editors:

About Braemar

Braemar provides expert advice in shipping investment, chartering, and risk management to enable its clients to secure sustainable returns and mitigate risk in the volatile world of shipping.

Braemar's experienced brokers work in tandem with specialist professionals to form teams tailored to its customers' needs, and provides 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, please visit  www.braemar.com  and follow Braemar on  LinkedIn .
Details of the person discharging managerial responsibilities / person closely associated Name Nick Stone Reason for the notification Position/status   Group Chief Financial Officer Initial notification /Amendment Initial Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor   Name   Braemar Shipping Services 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 Identification code   Ordinary shares of 10p each  GB0000600931 Nature of the transaction  Exercise of Save as You Earn ("SAYE") options with an exercise price of 160p per share. Price(s) and volume(s) Price(s)  Volume(s) 1.60 4,500 Aggregated information - Aggregated volume - Price   4,500 ordinary shares of 10p each  £7,200 Date of the transaction   16 August 2022 Place of the transaction  Outside of a trading venue Details of the person discharging managerial responsibilities / person closely associated
Name	Sebastian Davenport-Thomas
Reason for the notification
Position/status	Global Head of Sale & Purchase, Shipbroking Division
Initial notification /Amendment	Initial
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Name	Braemar Shipping Services 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 Identification code	Ordinary shares of 10p each  GB0000600931
Nature of the transaction	Exercise of Save as You Earn ("SAYE") options with an exercise price of 160p per share.
Price(s) and volume(s)	Price(s)  Volume(s) 1.60 5,625
Aggregated information - Aggregated volume - Price	5,625 ordinary shares of 10p each  £9,000
Date of the transaction	1 August 2022
Place of the transaction	Outside of a trading venue

 

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