TIDMBMS
RNS Number : 9531I
Braemar Shipping Services PLC
18 August 2021
18 August 2021
BRAEMAR SHIPPING SERVICES PLC
("Braemar", the "Company" or the "Group")
Director/PDMR Shareholding
Braemar Shipping Services Plc (LSE: BMS), a leading
international Shipbroker and provider of expert advice in shipping
investment, chartering, risk management and logistics services,
announces that it was notified on 17 August 2021 that the trustee
of the Braemar Employee Share Ownership Plan had approved the
transfer of ordinary shares of 10p each in the Company ("Ordinary
Shares") to certain employees of Braemar, including three PDMRs of
the Company, as follows:
Name Title Ordinary
shares transferred
--------------------------- --------------------------------------- -------------------
James Gundy Group Chief Executive Officer 20,327
Alistair Borthwick Finance Director, Shipbroking Division 4,841
Global Head of Sale & Purchase,
Sebastian Davenport-Thomas Shipbroking Division 4,384
The release of the Ordinary Shares occurred on 17 August 2021
following the vesting of nil cost awards under the Company's
Deferred Bonus Plan in relation to the year ended 28 February 2018
and, for Alistair Borthwick and Sebastian Davenport-Thomas, linked
awards under the Company Share Option Plan.
In addition to the Ordinary Shares released as noted above,
James Gundy's award was partly settled in cash in the amount
equivalent to 18,026 shares, Alistair Borthwick's award was partly
settled in cash in the amount equivalent to 4,050 shares and
Sebastian Davenport-Thomas' award was partly settled in cash in the
amount equivalent to 3,634 shares, being the extent needed to cover
their liability to income tax and employee national insurance
arising in relation to the settlement of their awards.
Following the release of these Ordinary Shares, the total
holding of Ordinary Shares of each of James Gundy, Alistair
Borthwick and Sebastian Davenport-Thomas (including those of
persons closely associated with them) will be as follows:
Name Title Total Ordinary % of Company's
Shares issued share
capital
--------------------------- -------------------------------- -------------- --------------
James Gundy Group Chief Executive Officer 634,436 1.98%
Finance Director, Shipbroking
Alistair Borthwick Division 13,041 0.04%
Global Head of Sale & Purchase,
Sebastian Davenport-Thomas Shipbroking Division 137,385 0.43%
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 Shipping Services Plc
James Gundy, Group Chief Executive Tel +44 (0) 20 3142 4100
Officer
Nick Stone, Chief Financial Officer
Peter Mason, Company Secretary
finnCap
Matt Goode/ James Thompson
Buchanan Tel +44 (0) 20 7220 0500
Charles Ryland / Victoria Hayns / Stephanie
Watson / Matilda Abraham
Tel +44 (0) 20 7466 5000
Notes to Editors:
About Braemar
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
locations 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 Settlement of award under Deferred
Bonus Plan involving acquisition of
ordinary shares and cash in lieu of
ordinary shares
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 20,327
d) Aggregated information
- Aggregated volume 20,327 ordinary shares of 10p each
- Price Nil
e) Date of the transaction 17 August 2021
f) Place of the transaction Outside of a trading venue
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Alistair Borthwick
2 Reason for the notification
a) Position/status Finance Director, Shipbroking Division
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 Settlement of linked awards under Deferred
Bonus Plan and Company Share Option
Plan ("CSOP") involving acquisition
of ordinary shares and cash in lieu
of ordinary shares. (Prior to the PDMR
being designated a PDMR, 7,685 CSOP
awards with an exercise price of 275.33p
were exercised and 7,410 of the resulting
shares were sold at a price of 287p
per share to fund the exercise price.)
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 4,841
d) Aggregated information
- Aggregated volume 4,841 ordinary shares of 10p each
- Price Nil
e) Date of the transaction 17 August 2021
f) Place of the transaction Outside of a trading venue
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Sebastian Davenport-Thomas
2 Reason for the notification
a) Position/status Global Head of Sale & Purchase, Shipbroking
Division
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 Settlement of linked awards under Deferred
Bonus Plan and Company Share Option
Plan ("CSOP") involving acquisition
of ordinary shares and cash in lieu
of ordinary shares. (Prior to the PDMR
being designated a PDMR, 8,019 CSOP
awards with an exercise price of 275.33p
were exercised and 7,732 of the resulting
shares were sold at a price of 287p
per share to fund the exercise price.)
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 4,384
d) Aggregated information
- Aggregated volume 4,384 ordinary shares of 10p each
- Price Nil
e) Date of the transaction 17 August 2021
f) Place of the transaction Outside of a trading venue
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END
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