9 July 2024
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 8 July 2024, 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"), 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
|
169,925
|
|
Tris Simmonds - Group Chief Operating Officer
|
26,315
|
|
Alistair Borthwick - Group Finance
Director
|
18,796
|
Following the above DBP vesting,
James Gundy sold 80,156 Ordinary Shares, Tris Simmonds sold 12,425 Ordinary Shares and Alistair
Borthwick sold 8,875 Ordinary Shares, in each case being
the amount equivalent to cover their liability to income tax and
employee national insurance arising in relation to the settlement
of their awards and at a price of
£2.997.
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
|
868,534
|
|
Tris Simmonds - Group Chief Operating Officer
|
333,970
|
|
Alistair Borthwick - Group Finance
Director
|
66,369
|
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.
Further information on the DBP is
contained in the Company's 2024 Annual
Report, published on 23 May 2024.
ENDS
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
|
|
|
|
|
|
Burson
Buchanan
|
|
|
Charles Ryland /
Stephanie Whitmore / Jack Devoy / Abby Gilchrist
|
Tel +44
(0) 20 7466 5000
|
|
|
|
|
Investec Bank
plc
|
|
|
Gary Clarence /
Alice King
|
Tel +44
(0) 20 7597 5970
|
|
|
|
|
Cavendish Capital Markets
Limited
Ben Jeynes / Matt
Lewis (Corporate Finance)
Leif Powis / Dale
Bellis / Charlie Combe (Sales & ECM)
|
Tel +44
(0) 20 7220 0500
|
|
|
|
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.
|
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: £2.997
Volume: 80,156
|
|
Aggregated information
- Aggregated volume
- Price
|
80,156
£240,227.53
|
|
Date of the transaction
|
8 July 2024
|
|
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: £2.997
Volume: 12,425
|
|
Aggregated information
- Aggregated volume
- Price
|
12,425
£37,237.73
|
|
Date of the transaction
|
8 July 2024
|
|
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: £2.997
Volume: 8,875
|
|
Aggregated information
- Aggregated volume
- Price
|
8,875
£26,598.38
|
|
Date of the transaction
|
8 July 2024
|
|
Place of the
transaction
|
London Stock Exchange
(XLON)
|
|