Braemar Shipping Services PLC Director/PDMR Shareholding (5070U)
29 July 2020 - 10:42PM
UK Regulatory
TIDMBMS
RNS Number : 5070U
Braemar Shipping Services PLC
29 July 2020
29 July 2020
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, logistics and
engineering services 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 24 July 2020, as
follows:
James Gundy, CEO, Shipbroking Division - 218,750
Nicholas Stone, Group Finance Director & Chief Operating
Officer - 156,250
Peter Mason, General Counsel & Company Secretary -
56,250
Peter Wilson, Managing Director, Logistics Division - 75,000
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 underlying
earnings per share and, for James Gundy and Peter Wilson, the
underlying operating profit of the Shipbroking and Logistics
Divisions respectively. The underlying earnings per share
performance criteria is to be tested on the 2022/23 financial year
(the final year of the performance period for the award) and has a
threshold of 30p for 25% vesting rising on a straight-line basis to
42p for 100% vesting.
Further information in relation to the LTIP is contained in the
Company's 2020 Annual Report.
For further information, contact:
Braemar Shipping Services
Ron Series, Executive Chairman Tel +44 (0) 20 3142 4100
Nick Stone, Finance Director
Peter Mason, Company Secretary
finnCap
Matt Goode/ James Thompson/ Kate Washington Tel +44 (0) 20 7220 0500
Buchanan
Charles Ryland / Victoria Hayns / Stephanie Tel +44 (0) 20 7466 5000
Watson / Matilda Abraham
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 28 offices 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 notification below, made in accordance with requirements of
the EU Market Abuse Regulation, provides further details.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
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 Division
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 Grant of LTIP awards of nil cost options
over ordinary shares of 10p each
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 218,750 shares
d) Aggregated information
- Aggregated volume 218,750 ordinary shares of 10p each
- Price Nil
e) Date of the transaction 24 July 2020
f) Place of the transaction Outside of a trading venue
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Nicholas Stone
2 Reason for the notification
a) Position/status Group Finance Director & Chief Operating
Officer
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 Grant of LTIP awards of nil cost options
over ordinary shares of 10p each
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 156,250 shares
d) Aggregated information
- Aggregated volume 156,250 ordinary shares of 10p each
- Price Nil
e) Date of the transaction 24 July 2020
f) Place of the transaction Outside of a trading venue
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 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 Grant of LTIP awards of nil cost options
over ordinary shares of 10p each
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 56,250 shares
d) Aggregated information
- Aggregated volume 56,250 ordinary shares of 10p each
- Price Nil
e) Date of the transaction 24 July 2020
f) Place of the transaction Outside of a trading venue
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 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 Grant of LTIP awards of nil cost options
over ordinary shares of 10p each
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 75,000 shares
d) Aggregated information
- Aggregated volume 75,000 ordinary shares of 10p each
- Price Nil
e) Date of the transaction 24 July 2020
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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