Launch of SAYE Scheme

RNS Number : 2213X

Braemar Shipping Services PLC

27 August 2015

 



Braemar Shipping Services PLC

("Braemar" or "the Company")

SAYE Share Scheme

Braemar Shipping Services plc (LSE: BMS), a leading international provider of broking, consultancy, technical and other services to the shipping and energy industries is pleased to announce that it has launched a Save as You Earn ("SAYE") share scheme for all employees, under which employees have been offered the opportunity to participate in the future growth of the Company via share option arrangements.

Eligible employees were invited to subscribe for options over ordinary shares of 10 pence ("Ordinary Shares") with an exercise price of 402.67 pence per share, a 20 per cent. discount to the average closing middle price of the Ordinary Shares over 3 days before the invitation to participate was made on 15 June 2015. The options have a savings contract start date of 1 August 2015 and are exercisable between 1 August 2018 and 1 February 2019. 

A total of 239 employees elected to participate, and pursuant to this a grant of 353,254 options over Ordinary Shares was made on 7 July 2015, equating to 1.17 per cent. of the current issued share capital.

James Kidwell has elected to participate in the SAYE share scheme and is included in the total figures above. As a result of this option grant, James Kidwell has the following interest in shares under options:

Director	Options granted over Ordinary Shares under the SAYE scheme	Total interest held under option	% of issued share capital
J.R.V. Kidwell	2,235	253,639	0.8

27 August 2015

For further information, contact:

Braemar Shipping Services
James Kidwell, Chief Executive	Tel [phone]
Louise Evans, Finance Director	Tel [phone]
Westhouse Securities
Robert Finlay / Henry Willcocks	Tel [phone]
Buchanan
Charles Ryland Gabriella Clinkard	Tel [phone] 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 1,000 people in more than 70 locations worldwide across its Shipbroking, Technical and Logistics divisions.  In July 2014 Braemar merged with ACM Shipping Group PLC.

Braemar joined the Official List of the London Stock Exchange in November 1997 and trades under the symbol BMS.

For more information, visit www.braemar.com.

 

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