Director/PDMR Shareholding

RNS Number : 5644E
Braemar Shipping Services PLC
04 July 2019
 

 

 

 

4 July 2019

 

BRAEMAR SHIPPING SERVICES PLC

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

Director / PDMR Shareholding

 

Braemar Shipping Services plc (LSE:BMS), a leading international provider of shipbroking, financial advisory, port and marine consulting services principally to the shipping and energy industries, announces that it granted awards under its Long Term Incentive Plan ("LTIP") to certain PDMRs of the Company on 1 July 2019, as follows:

James Gundy, CEO, Shipbroking - 184,210

James Kidwell, Group CEO - 184,210

Nick Stone, Group Finance Director - 105,263

Peter Mason, General Counsel & Company Secretary - 42,105

Peter Wilson, Managing Director, Logistics Division - 63,157

These awards are nil cost options to acquire ordinary shares of 10p each in the Company and will vest in three years subject to certain performance criteria based on the Company's adjusted earnings per share and, for James Gundy and Peter Wilson, the underlying operating profit of the Shipbroking and Logistics Divisions respectively.

Further information in relation to the LTIP is contained in the Company's 2019 Annual Report.

For further information, contact:

Braemar Shipping Services


James Kidwell, Chief Executive

Tel +44 (0) 20 3142 4100

Nick Stone, Finance Director


Peter Mason, Company Secretary


Shore Capital


Robert Finlay / Antonio Bossi / Henry Willcocks

Tel +44 (0) 20 7601 6100

Buchanan


Charles Ryland / Vicky Hayns / Stephanie Watson

Tel +44 (0) 20 7466 5000

 

Notes to Editors:

 

About Braemar Shipping Services plc

 

Braemar Shipping Services plc is a leading international provider of shipbroking, financial advisory, port and marine consulting services principally to the shipping and energy industries.  Founded in 1972, Braemar employs approximately 530 people in 30 locations worldwide across its Shipbroking, Financial, Logistics and Engineering 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

 

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

James Gundy

 

2

 

Reason for the notification

 

a)

 

Position/status  

 

CEO, Shipbroking

b)

 

Initial notification /Amendment

 

Initial

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 financial instrument, type of instrument

 

Identification code  

 

Ordinary shares of 10p each 

 

 

GB0000600931

b)

 

Nature of the transaction 

 

Grant of LTIP awards of nil cost options over ordinary shares of 10p each

c)

 

Price(s) and volume(s)

 

 

Transaction

Price(s) 

Volume(s)

LTIP

Nil

184,210 shares

  

d)

 

Aggregated information

  

- Aggregated volume

  

- Price  

 

 

  

184,210 ordinary shares of 10p each 

  

Nil

 

e)

 

Date of the transaction  

 

1 July 2019

f)

 

Place of the transaction 

 

London Stock Exchange, Main Market

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

James Kidwell

 

2

 

Reason for the notification

 

a)

 

Position/status  

 

Group CEO

b)

 

Initial notification /Amendment

 

Initial

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 financial instrument, type of instrument

 

Identification code  

 

Ordinary shares of 10p each 

 

 

GB0000600931

b)

 

Nature of the transaction 

 

Grant of LTIP awards of nil cost options over ordinary shares of 10p each

c)

 

Price(s) and volume(s)

 

 

Transaction

Price(s) 

Volume(s)

LTIP

Nil

184,210 shares

  

d)

 

Aggregated information

  

- Aggregated volume

  

- Price  

 

 

  

184,210 ordinary shares of 10p each 

  

Nil

 

e)

 

Date of the transaction  

 

1 July 2019

f)

 

Place of the transaction 

 

London Stock Exchange, Main Market

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Nick Stone

 

2

 

Reason for the notification

 

a)

 

Position/status  

 

Group Finance Director

b)

 

Initial notification /Amendment

 

Initial

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 financial instrument, type of instrument

 

Identification code  

 

Ordinary shares of 10p each 

 

 

GB0000600931

b)

 

Nature of the transaction 

 

Grant of LTIP awards of nil cost options over ordinary shares of 10p each

c)

 

Price(s) and volume(s)

 

 

Transaction

Price(s) 

Volume(s)

LTIP

Nil

105,263 shares

  

d)

 

Aggregated information

  

- Aggregated volume

  

- Price  

 

 

  

105,263 ordinary shares of 10p each 

  

Nil

 

e)

 

Date of the transaction  

 

1 July 2019

f)

 

Place of the transaction 

 

London Stock Exchange, Main Market

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Peter Mason

 

2

 

Reason for the notification

 

a)

 

Position/status  

 

General Counsel & Company Secretary

b)

 

Initial notification /Amendment

 

Initial

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 financial instrument, type of instrument

 

Identification code  

 

Ordinary shares of 10p each 

 

 

GB0000600931

b)

 

Nature of the transaction 

 

Grant of LTIP awards of nil cost options over ordinary shares of 10p each

c)

 

Price(s) and volume(s)

 

 

Transaction

Price(s) 

Volume(s)

LTIP

Nil

42,105 shares

  

d)

 

Aggregated information

  

- Aggregated volume

  

- Price  

 

 

  

42,105 ordinary shares of 10p each 

  

Nil

 

e)

 

Date of the transaction  

 

1 July 2019

f)

 

Place of the transaction

London Stock Exchange, Main Market

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

Peter Wilson

 

2

 

Reason for the notification 

a)

 

Position/status  

 

Managing Director, Logistics Division

b)

 

Initial notification /Amendment

 

Initial

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 financial instrument, type of instrument

 

Identification code  

 

Ordinary shares of 10p each 

 

 

GB0000600931

b)

 

Nature of the transaction 

 

Grant of LTIP awards of nil cost options over ordinary shares of 10p each

c)

 

Price(s) and volume(s)

 

 

Transaction

Price(s) 

Volume(s)

LTIP

Nil

63,157 shares

  

d)

 

Aggregated information

  

- Aggregated volume

  

- Price  

 

 

  

63,157 ordinary shares of 10p each 

  

Nil

 

e)

 

Date of the transaction  

 

1 July 2019

f)

 

Place of the transaction 

 

London Stock Exchange, Main Market

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHCKQDBPBKDCOK

Companies

Braemar (BMS)
UK 100

Latest directors dealings