TIDMBMS
RNS Number : 5146X
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 Ch ief Ex
ecutive Of ficer 397,073
--------------------------
Tris Simmonds - Group Ch ief Op
erating Of ficer 34,511
--------------------------
Alistair Borthwick - Group Finance
Director 44,043
--------------------------
The CSOP awards carried an exercise price of GBP1.22 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
GBP2.764811. On 18 December 2023, Tris Simmonds also sold 28,367
shares at a price of GBP2.764811.
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 Ch ief Ex
ecutive Of ficer 772,165
-------------------------
Tris Simmonds - Group Ch ief Op
erating Of ficer 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 +44 (0) 20 3142 4100
Grant Foley, Group Chief Financial Officer
Rebecca-Joy Wekwete, Company Secretary
Buchanan
Charles Ryland / Stephanie Whitmore / Tel +44 (0) 20 7466 5000
Jamie Hooper
Investec Bank plc
Gary Clarence / Harry Hargreaves / Alice Tel +44 (0) 20 7597 5970
King
Cavendish Securities PLC
Ben Jeynes / Matt Lewis (Corporate Finance) Tel +44 (0) 20 7220 0500
Leif Powis /Dale Bellis/ Charlie Combe
(Sales & ECM)
Details of the person discharging managerial responsibilities
/ person closely associated
Name James Gundy
--------------------------------
Reason for the notification Group Chief Executive Officer
Position/status
--------------------------------
Initial notification Initial
/Amendment
--------------------------------
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 Ordinary shares of 10p each
instrument, type of
instrument
--------------------------------
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: GBP2.764811
Volume: 397,073
--------------------------------
Aggregated information
- Aggregated volume 397,073
- Price GBP1,095,485.14
--------------------------------
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 Ordinary shares of 10p each
instrument, type of
instrument
--------------------------------
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 24,650
- Price GBP30,073.00
--------------------------------
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 Group Chief Operations Officer
Position/status
--------------------------------
Initial notification Initial
/Amendment
--------------------------------
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 Ordinary shares of 10p each
instrument, type of
instrument
--------------------------------
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: GBP2.764811
Volume: 34,511
--------------------------------
Aggregated information
- Aggregated volume 34,511
- Price GBP95,081.43
--------------------------------
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 Ordinary shares of 10p each
instrument, type of
instrument
--------------------------------
Identification code GB0000600931
--------------------------------
Nature of the transaction Sale of shares
--------------------------------
Price(s) and volume(s) Price: GBP2.764811
Volume: 28,367
--------------------------------
Aggregated information
- Aggregated volume 28,367
- Price GBP78,429.39
--------------------------------
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 Group Finance Director
Position/status
--------------------------------
Initial notification Initial
/Amendment
--------------------------------
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 Ordinary shares of 10p each
instrument, type of
instrument
--------------------------------
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: GBP2.764811
Volume: 20,486
--------------------------------
Aggregated information
- Aggregated volume 20,486
- Price GBP56,440.68
--------------------------------
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 Ordinary shares of 10p each
instrument, type of
instrument
--------------------------------
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 6,705
- Price GBP8,180.10
--------------------------------
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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END
DSHKZMZZKGMGFZM
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