BMS Braemar Plc

TIDMBMS

RNS Number : 4688Z

Braemar Shipping Services PLC

31 August 2018

BRAEMAR SHIPPING SERVICES PLC

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

31(st) August 2018

Employee Share Ownership Plan ("ESOP") Trading Plan

Braemar Shipping Services plc (LSE: BMS), announces that SG Kleinwort Hambros Trust Company (CI) Ltd, as trustee of the Braemar Shipping Services plc ESOP (the "Trustee") has entered into a trading plan with the Company.

Under the trading plan, which will run from 10(th) September 2018 to 24(th) October 2018, the Trustee will instruct Stockdale Securities Ltd, as broker, to acquire Ordinary Shares of 10 pence ("Ordinary Shares") in the Company for the ESOP. Purchases under the trading plan will be limited to a total of 150,000 Ordinary Shares during the period of operation with a maximum number of Ordinary Shares per transaction of 10,000. The maximum price paid per Ordinary Share shall be 5% above the average of the middle market quotations for such Ordinary Shares for the five business days immediately preceding the day on which the purchase is made.

While the Company is in a closed period neither the Company nor the Trustee will attempt to terminate or amend the trading plan that has been entered into. The trading plan will expire at the close of business on 24(th) October 2018.

The Trustee has absolute discretion and independence in respect of any trading decisions it may make in respect of the purchase of Ordinary Shares pursuant to the ESOP trading plan.

For further information, contact:

 
 Braemar Shipping Services 
 James Kidwell, Chief Executive            Tel +44 (0) 20 3142 4100 
 James Hayward, Interim Finance Director   Tel +44 (0) 20 3142 4100 
 
 Stockdale Securities 
 Robert Finlay / Antonio Bossi / Henry     Tel +44 (0) 20 7601 6100 
  Willcocks 
 
 Buchanan 
 Charles Ryland / Stephanie Watson         Tel +44 (0) 20 7466 5000 
  / Tilly Abraham 
 

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 800 people in more than 70 locations worldwide across its Shipbroking, Technical, Logistics and Financial divisions.

Braemar joined the Official List of the London Stock Exchange in November 1997 and trades under the symbol BMS.

For more information visit www.braemar.com

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

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