TIDMBMS
RNS Number : 7042B
Braemar Shipping Services PLC
11 June 2021
BRAEMAR SHIPPING SERVICES PLC
("Braemar", the "Company" or the "Group")
11 June 2021
Director / PDMR Shareholding
Braemar Shipping Services Plc (LSE: BMS), a leading
international provider of shipbroking, financial advisory and
logistics services to the shipping and energy industries, announces
that it has granted the following awards over ordinary shares of
10p each in the Company ("Ordinary Shares") under the Company's
Deferred Bonus Plan (the "DBP") on 8 June 2021 to certain Persons
Discharging Managerial Responsibilities ("PDMRs") of the Company in
relation to the individuals' annual bonuses in respect of the
2020/2021 financial year:
James Gundy, CEO, Shipbroking - 169,925
Nicholas Stone, Group COO & Finance Director - 25,398
Peter Mason, General Counsel & Company Secretary -
12,138
These awards will ordinarily vest in three years from the date
of grant in accordance with the rules of the DBP.
Peter Mason has also been given corresponding options under the
Company Share Option Plan ("CSOP") over 11,278 Ordinary Shares
each, which will vest on the same date as the DBP awards above. The
exercise price for the options is GBP2.66 per share, which is the
average of the middle-market quotations of the Ordinary Shares over
the three days immediately preceding the grant date. The number of
shares in respect of which the DBP award will vest will be reduced
to take account of any gain in value, as at exercise, of the CSOP
options.
Further information on the DBP and the CSOP is contained in the
Company's 2020 Annual Report.
The Company also announces that an error has been identified in
a Director / PDMR notification made by the Company on 8 July 2019.
The amount of options granted to Nick Stone, the Group's COO &
Finance Director, under the Company's Save as you Earn scheme (the
"SAYE Scheme") on 5 July 2019 was stated in error as 5,625. The
correct number was 4,500.
The notifications set out below provide further details 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 Shipping Services
James Gundy, Group Chief Executive Tel +44 (0) 20 3142 4100
Officer
Nick Stone, Group Chief Operating
Officer & Finance Director
Peter Mason, Company Secretary
finnCap
Matt Goode / James Thompson Tel +44 (0) 20 7220 0500
Buchanan
Charles Ryland / Victoria Hayns / Tel +44 (0) 20 7466 5000
Stephanie Watson / Matilda Abraham
Notes to Editors:
About Braemar Shipping Services Plc
Braemar is a leading international Shipbroker and provider of
expert advice in shipping investment, chartering and risk
management. Braemar employs approximately 520 people in 30 offices
worldwide across its Shipbroking, Financial and Logistics
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 Group Chief Executive Officer
-------------------------- --------------------------------------
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 Grant of deferred share award over
ordinary shares of 10p each pursuant
to the Company's Deferred Bonus Plan
-------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 169,925
-------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume 169,925 ordinary shares of 10p each
- Price Nil
-------------------------- --------------------------------------
e) Date of the transaction 08/06/2021
-------------------------- --------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Nick Stone
-------------------------- --------------------------------------
2 Reason for the notification
------------------------------------------------------------------
a) Position/status Group COO and 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 Ordinary shares of 10p each
financial instrument,
type of instrument
GB0000600931
Identification code
-------------------------- --------------------------------------
b) Nature of the transaction Grant of deferred share award over
ordinary shares of 10p each pursuant
to the Company's Deferred Bonus Plan
-------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 25,398
-------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume 25,398 ordinary shares of 10p each
- Price Nil
-------------------------- --------------------------------------
e) Date of the transaction 08/06/2021
-------------------------- --------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------- --------------------------------------
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 and 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 Ordinary shares of 10p each
financial instrument,
type of instrument
GB0000600931
Identification code
-------------------------- --------------------------------------
b) Nature of the transaction Grant of deferred share award over
ordinary shares of 10p each pursuant
to the Company's Deferred Bonus Plan
-------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 12,138
-------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume 12,138 ordinary shares of 10p each
- Price Nil
-------------------------- --------------------------------------
e) Date of the transaction 08/06/2021
-------------------------- --------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------- --------------------------------------
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 and 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 Ordinary shares of 10p each
financial instrument,
type of instrument
GB0000600931
Identification code
-------------------------- --------------------------------------
b) Nature of the transaction Grant of options over ordinary shares
of 10p each pursuant to the Company
Share Option Plan
-------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
266p 11,278
-------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume Options over 11,278 ordinary shares
- Price of 10p each
N/A
-------------------------- --------------------------------------
e) Date of the transaction 08/06/2021
-------------------------- --------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Nick Stone
-------------------------- --------------------------------------
2 Reason for the notification
------------------------------------------------------------------
a) Position/status Group COO and Finance Director
-------------------------- --------------------------------------
b) Initial notification Amendment
/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 4,500
-------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume Options over 4,500 ordinary shares
- Price of 10p each
N/A
-------------------------- --------------------------------------
e) Date of the transaction 05/07/2019
-------------------------- --------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------- --------------------------------------
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END
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