Director/PDMR Shareholding

RNS Number : 9981B

Braemar Shipping Services PLC

22 June 2016

 

22 June 2016

BRAEMAR SHIPPING SERVICES PLC

("Braemar" or the "Company")

Director / PDMR Shareholding

Braemar Shipping Services PLC (LSE: BMS), a leading international provider of knowledge and skills-based services to the shipping, marine, energy, offshore and insurance industries announces that the Company was informed on 21 June 2016 that on 20 June 2016 the trustee of the Employee Share Ownership Plan ("ESOP") released 17,440 ordinary shares of 10 pence each in the Company ("Shares") to James Kidwell, Chief Executive of the Company.

The release of the Shares was made following the vesting, on 14 May 2016, of the Shares awarded to James Kidwell at nil cost under the Company's Deferred Bonus Plan in relation to the year ended 28 February 2013.

James Kidwell elected to have 7,848 Shares withheld by the ESOP in order to satisfy the tax liability arising over the vesting of this award. Accordingly, the trustee transferred 9,592 Shares to James Kidwell.

Following this announcement, James Kidwell holds 124,217 Shares, equivalent to 0.4% of the Company's issued ordinary share capital.

22 June 2016

For further information please contact:

Braemar Shipping Services
James Kidwell, Chief Executive	Tel [phone]
Louise Evans, Finance Director
Stockdale Securities
Robert Finlay / Antonio Bossi / Richard Johnson / Henry Willcocks	Tel [phone]
Buchanan
Charles Ryland Victoria Watkins Stephanie Watson	Tel [phone]

Notes to Editors:

About Braemar Shipping Services plc

Braemar Shipping Services plc is a leading international provider of knowledge and skill-based services to the shipping, marine, energy, offshore and insurance industries. Founded in 1972, Braemar employs approximately 1,000 people in more than 70 locations worldwide across its Shipbroking, Technical and Logistics divisions.  In July 2014 Braemar merged with ACM Shipping Group PLC.

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

 

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