Director/PDMR Shareholding

Braemar PLC

20 December 2023

 

 

20 December 2023

BRAEMAR PLC

("Braemar" or the "Company")

Director/PDMR Shareholding

Braemar Plc (LSE: BMS), a leading international shipbroker and provider of expert investment, chartering, and risk management advice to the shipping and energy markets announces the following Director/PDMR share dealing transactions:

On 18 December 2023, the trustee of the Braemar Employee Share Ownership Plan approved the release of ordinary shares of 10p each in the Company ("Ordinary Shares") to certain employees of Braemar following the vesting of share awards granted under the Company's Deferred Bonus Plan ("DBP") and the exercise of linked options granted under the Company Share Option Plan ("CSOP"), including three persons discharging managerial responsibilities ("PDMRs") of the Company, as follows:

Director/PDMR	Number of ordinary shares released
James Gundy - Group Chief Executive Officer	397,073
Tris Simmonds - Group Chief Operating Officer	34,511
Alistair Borthwick - Group Finance Director	44,043

The CSOP awards carried an exercise price of £1.22 per share. Following the DBP vesting and CSOP exercises, James Gundy sold 397,073 Ordinary Shares, Tris Simmonds sold 34,511 Ordinary Shares, Alistair Borthwick sold 20,486 Ordinary Shares at a price of £2.764811. On 18 December 2023, Tris Simmonds also sold 28,367 shares at a price of £2.764811.

Following the above transactions, the total holding of Ordinary Shares of each of James Gundy, Tris Simmonds and Alistair Borthwick (including those of persons closely associated with them) will be as follows:

PDMR	Total number of Ordinary Shares
James Gundy - Group Chief Executive Officer	772,165
Tris Simmonds - Group Chief Operating Officer	320,080
Alistair Borthwick - Group Finance Director	56,448

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.

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
Buchanan
Charles Ryland / Stephanie Whitmore / Jamie Hooper		Tel [phone]
Investec Bank plc
Gary Clarence / Harry Hargreaves / Alice King		Tel [phone]
Cavendish Securities PLC Ben Jeynes / Matt Lewis (Corporate Finance) Leif Powis /Dale Bellis/ Charlie Combe (Sales & ECM)		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 10p each  Identification code   GB0000600931 Nature of the transaction  Sale of shares acquired from the vesting of share awards granted under the Braemar Plc Deferred Bonus Plan Price(s) and volume(s) Price:  £2.764811 Volume: 397,073 Aggregated information  - Aggregated volume - Price   397,073 £1,095,485.14 Date of the transaction   18 December 2023 Place of the transaction  London Stock Exchange (XLON)  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 10p each  Identification code   GB0000600931 Nature of the transaction  Exercise of options granted under the Company Share Option Plan with an exercise price of 122p per share. Price(s) and volume(s) Price: 122p Volume: 24,650 Aggregated information  - Aggregated volume - Price   24,650 £30,073.00 Date of the transaction   18 December 2023 Place of the transaction  London Stock Exchange (XLON) Details of the person discharging managerial responsibilities / person closely associated Name Tris Simmonds Reason for the notification Position/status   Group Chief Operations 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 10p each  Identification code   GB0000600931 Nature of the transaction  Sale of shares acquired from the vesting of share awards granted under the Braemar Plc Deferred Bonus Plan Price(s) and volume(s) Price: £2.764811 Volume: 34,511 Aggregated information  - Aggregated volume - Price   34,511 £95,081.43 Date of the transaction   18 December 2023 Place of the transaction  London Stock Exchange (XLON)  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 10p each  Identification code   GB0000600931 Nature of the transaction  Sale of shares Price(s) and volume(s) Price: £2.764811 Volume: 28,367 Aggregated information  - Aggregated volume - Price   28,367 £78,429.39 Date of the transaction   18 December 2023 Place of the transaction  London Stock Exchange (XLON) Details of the person discharging managerial responsibilities / person closely associated Name Alistair Borthwick  Reason for the notification Position/status   Group Finance Director 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 10p each  Identification code   GB0000600931 Nature of the transaction  Sale of shares acquired from the vesting of share awards granted under the Braemar Plc Deferred Bonus Plan Price(s) and volume(s) Price: £2.764811 Volume: 20,486 Aggregated information  - Aggregated volume - Price   20,486 £56,440.68 Date of the transaction   18 December 2023 Place of the transaction  London Stock Exchange (XLON) 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 10p each  Identification code   GB0000600931 Nature of the transaction  Exercise of options granted under the Company Share Option Plan with an exercise price of 122p per share. Price(s) and volume(s) Price: 122p Volume: 6,705 Aggregated information  - Aggregated volume - Price   6,705 £8,180.10 Date of the transaction   18 December 2023 Place of the transaction  London Stock Exchange (XLON)

Notes to Editors:

About Braemar Plc

Braemar provides expert investment, chartering, and risk management advice 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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