Braemar Shipping Services PLC Director/PDMR Shareholding (7434Y)
08 September 2022 - 4:45PM
UK Regulatory
TIDMBMS
RNS Number : 7434Y
Braemar Shipping Services PLC
08 September 2022
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
Global Head of Sale & Purchase,
Sebastian Davenport-Thomas 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
GBP1.60 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 Tel +44 (0) 20 3142 4100
Officer
Nick Stone, Group Chief Financial Officer
Investec Bank Plc
Gary Clarence / Harry Hargreaves / Tel +44 (0) 20 7597 5970
Alice King
Cenkos Securities plc
Ben Jeynes / Max Gould (Corporate Finance) Tel +44 (0) 20 7397 8900
Alex Pollen / Leif Powis (Sales)
Buchanan
Charles Ryland/ Stephanie Whitmore Tel +44 (0) 20 7466 5000
/ Jack Devoy
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 Initial
/Amendment
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 Ordinary shares of 10p each
financial instrument,
type of instrument
GB0000600931
Identification code
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 4,500 ordinary shares of 10p each
- Price GBP7,200
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 Initial
/Amendment
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 Ordinary shares of 10p each
financial instrument,
type of instrument
GB0000600931
Identification code
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 5,625 ordinary shares of 10p each
- Price GBP9,000
Date of the transaction 1 August 2022
Place of the transaction Outside of a trading venue
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END
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