Director/PDMR Shareholding

RNS Number : 7434Y
Braemar Shipping Services PLC
08 September 2022
 

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8 September 2022

BRAEMAR SHIPPING SERVICES PLC

("Braemar", the "Company" or the "Group")

Director/PDMR Shareholding

 

Braemar, a leading international Shipbroker and provider of expert advice in shipping investment, chartering and risk management announces that on 3 August 2022 and 24 August 2022, ordinary shares of 10p each in the Company ("Ordinary Shares") were allotted to certain employees of Braemar, including two persons discharging managerial responsibilities ("PDMRs") of the Company, as follows:

Name

Title

Ordinary shares released

Nick Stone

Group Chief Financial Officer

4,500

Sebastian Davenport-Thomas

Global Head of Sale & Purchase, Shipbroking Division

5,625

 

The allotment of the Ordinary Shares occurred on 3 August 2022 and 24 August 2022 following the exercise of options under the Company's Save as You Earn scheme ("SAYE") on 1 August 2022 by Sebastian Davenport-Thomas and on 16 August by Nick Stone. Under the terms of the SAYE, the exercise price for the options was £1.60 per Ordinary Share, and the new Ordinary Shares were issued under the Company's existing block listing arrangements.

 

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 SAYE is contained in the Company's 2022 Annual Report.

For further information, contact:

Braemar Shipping Services Plc


James Gundy, Group Chief Executive Officer

Tel +44 (0) 20 3142 4100

Nick Stone, Group Chief Financial Officer



 

Investec Bank Plc


Gary Clarence / Harry Hargreaves / Alice King

Tel +44 (0) 20 7597 5970

 

Cenkos Securities plc

Ben Jeynes / Max Gould (Corporate Finance)

Alex Pollen / Leif Powis (Sales)

 

Tel +44 (0) 20 7397 8900

 

Buchanan


Charles Ryland/ Stephanie Whitmore / Jack Devoy

Tel +44 (0) 20 7466 5000

 

Notes to Editors:

 

About Braemar

 

Braemar provides expert advice in shipping investment, chartering, and risk management to enable its clients to secure sustainable returns and mitigate risk in the volatile world of shipping.

Braemar's experienced brokers work in tandem with specialist professionals to form teams tailored to its customers' needs, and provides 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, please visit  www.braemar.com  and follow Braemar on  LinkedIn .


 

Details of the person discharging managerial responsibilities / person closely associated

 

Name

 

Nick Stone

 

Reason for the notification

 

Position/status  

 

Group Chief Financial Officer

Initial notification /Amendment

 

Initial

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor  

Name  

 

Braemar Shipping Services 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

 

Identification code  

 

Ordinary shares of 10p each 

 

 

GB0000600931

Nature of the transaction 

 

Exercise of Save as You Earn ("SAYE") options with an exercise price of 160p per share.

Price(s) and volume(s)

 

 

Price(s) 

Volume(s)

1.60

4,500

 

Aggregated information

 

- Aggregated volume

 

- Price  

 

 

 

4,500 ordinary shares of 10p each 

 

£7,200

 

Date of the transaction  

 

16 August 2022

Place of the transaction 

 

 

Outside of a trading venue

 

 

Details of the person discharging managerial responsibilities / person closely associated

 

Name

 

Sebastian Davenport-Thomas

 

Reason for the notification

 

Position/status  

 

Global Head of Sale & Purchase, Shipbroking Division 

Initial notification /Amendment

 

Initial

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor  

Name  

 

Braemar Shipping Services 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

 

Identification code  

 

Ordinary shares of 10p each 

 

 

GB0000600931

Nature of the transaction 

 

Exercise of Save as You Earn ("SAYE") options with an exercise price of 160p per share.

Price(s) and volume(s)

 

 

Price(s) 

Volume(s)

1.60

5,625

 

Aggregated information

 

- Aggregated volume

 

- Price  

 

 

 

5,625 ordinary shares of 10p each 

 

£9,000 

Date of the transaction  

 

1 August 2022

Place of the transaction 

 

 

Outside of a trading venue

 

 

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Braemar (BMS)
UK 100

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