Braemar Shipping Services PLC Director/PDMR Shareholding (6976J)
21 August 2019 - 4:00PM
UK Regulatory
TIDMBMS
RNS Number : 6976J
Braemar Shipping Services PLC
21 August 2019
21 August 2019
BRAEMAR SHIPPING SERVICES PLC
("Braemar", the "Company" or the "Group")
Notification of transaction by Person Discharging Managerial
Responsibility
Braemar Shipping Services plc (LSE:BMS) announces that it was
notified on 19 August 2019 that James Gundy, Chief Executive of the
Company's Shipbroking division, had exercised, on 19 August 2019,
the nil cost options awarded to him under the Company's Restricted
Share Plan that had vested on 25 July 2019. Following such
exercise, the Company shall allot and issue 18,750 ordinary shares
of 10 pence each in the Company (the "Shares") to James Gundy under
its existing block listing arrangements.
Following the issue of these Shares, James Gundy's total holding
of Shares will be 525,278 representing approximately 1.67% of the
Company's issued ordinary share capital.
The notification set out below is provided in accordance with
the requirements of the EU Market Abuse Regulation.
For further information, contact:
Braemar Shipping Services plc
Ron Series, Executive Chairman Tel +44 (0) 20 3142 4100
Nick Stone, Finance Director
Peter Mason, Company Secretary
Shore Capital
Robert Finlay / Antonio Bossi / Henry Tel +44 (0) 20 7408 4090
Willcocks
Buchanan
Charles Ryland / Vicky Hayns / Stephanie Tel +44 (0) 20 7466 5000
Watson
Notes to Editors:
About Braemar Shipping Services plc
Braemar Shipping Services plc is a leading international
provider of shipbroking, financial advisory, logistics and
engineering 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
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 Initial
/Amendment
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 Ordinary shares of 10p each
financial instrument,
type of instrument
GB0000600931
Identification code
b) Nature of the transaction Exercise of options pursuant to the
Braemar Shipping Services plc 2014
Restricted Share Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 18,750
d) Aggregated information
- Aggregated volume 18,750
- Price Nil
e) Date of the transaction 19 August 2019
f) Place of the transaction Outside of a trading venue
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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