Braemar Shipping Services PLC Employee Share Scheme & Director/PDMR Shareholding (8601E)
July 08 2019 - 12:04PM
UK Regulatory
TIDMBMS
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 GBP250 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 +44 (0) 20 3142 4100
Nick Stone, Finance Director
Peter Mason, Company Secretary
Shore Capital
Robert Finlay / Antonio Bossi / Henry Tel +44 (0) 20 7601 6100
Willcocks
Buchanan
Charles Ryland / Vicky Hayns / Stephanie Tel +44 (0) 20 7466 5000
Watson
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 Initial
/Amendment
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 Options over ordinary shares of 10p
financial instrument, each
type of instrument
Identification code 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 Options over 5,625 ordinary shares
of 10p each
- Price
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 Initial
/Amendment
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 Options over ordinary shares of 10p
financial instrument, each
type of instrument
Identification code 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 Options over 5,625 ordinary shares
of 10p each
- Price
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 Initial
/Amendment
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 Options over ordinary shares of 10p
financial instrument, each
type of instrument
Identification code 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 Options over 5,625 ordinary shares
of 10p each
- Price
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 Initial
/Amendment
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 Ordinary shares of 10p each
financial instrument,
type of instrument
GB0000600931
Identification code
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 10,000 ordinary shares of 10p each
- Price GBP17,975
e) Date of the transaction 5 July 2019
f) Place of the transaction London Stock Exchange, Main Market
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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