10 December 2024
BRAEMAR PLC
("Braemar" the "Company")
PDMR Share
Dealing
Braemar Plc (LSE: BMS),
a leading provider of expert investment,
chartering and risk management advice to the shipping and energy
markets, announces
that on 9 December 2024, James Gundy, Group Chief Executive
Officer, exercised 199,494 nil cost options
("Options") granted under the Company's Long Term Incentive
Plan ("LTIP") as set out below:
|
LTIP award grant date
|
Vesting date
|
Two-year holding period end date
|
Number of Options exercised
|
|
29 October 2018
|
26 May 2021
|
26 May 2023
|
33,294
|
|
1 July 2019
|
26 August 2022
|
26 August 2024
|
166,200
|
The 2018 and 2019 LTIP awards vested
following the assessment of the applicable performance conditions
which were disclosed in the 2021 remuneration report (page 58) and
2022 remuneration report (page 74), both reports are available on
the Company's website at Financial
Reports - Braemar.
The exercise of the Options under
the LTIP, has been satisfied through the allocation of existing
ordinary shares held by the Braemar Employee Share Ownership
Plan; as such, no new ordinary shares have been issued. In order to
cover tax and national insurance liabilities arising from the
exercise of the Options, James Gundy sold 94,112 shares on 9
December 2024 and retained the balance of 105,382
shares.
Following the above transactions,
James Gundy's total shareholding is now 988,907 (being 3% of the Company's issued share capital). A
separate TR-1 notification will be released in line with provisions
in Chapter 5 of the Disclosure Guidance and
Transparency Rules.
The notification set out below is
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.
For
further information, contact:
|
Braemar Plc
|
|
|
James Gundy, Group Chief Executive
Officer
|
Tel +44
(0) 20 3142 4100
|
|
Grant Foley, Group Chief Financial
Officer
|
|
|
Rebecca-Joy Wekwete, Company
Secretary
|
|
|
|
|
|
Canaccord Genuity
|
|
|
Adam James / Harry Rees
|
Tel +44
(0) 20 7523 8000
|
|
|
|
|
Burson Buchanan
|
|
|
Charles Ryland / Stephanie Whitmore
/ Jack Devoy / Abby Gilchrist
|
Tel +44
(0) 20 7466 5000
|
|
Details of the person discharging
managerial responsibilities / person closely associated
|
|
Name
|
James Gundy
|
|
Reason for the
notification
Position/status
|
Group Chief Executive
Officer
|
|
Initial notification
/Amendment
|
Initial
|
|
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor
|
|
Name
|
Braemar 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 financial
instrument, type of instrument
|
Ordinary shares of 10 pence
each
|
|
Identification code
|
GB0000600931
|
|
Nature of the
transaction
|
Exercise of Options granted under
the Company's LTIP in 2018
|
|
Price(s) and volume(s)
|
Price: £0.00
|
Volume: 33,294
|
|
Aggregated information
- Price
- Aggregated volume
|
Price: £0.00
Volume: 33,294
|
|
Date of the transaction
|
9 December 2024
|
|
Place of the
transaction
|
Exercise of Options occurred outside
a trading venue
|
|
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 financial
instrument, type of instrument
|
Ordinary shares of 10 pence
each
|
|
Identification code
|
GB0000600931
|
|
Nature of the
transaction
|
Exercise of Options granted under
the Company's LTIP in 2019
|
|
Price(s) and volume(s)
|
Price: £0.00
|
Volume: 166,200
|
|
Aggregated information
- Price
- Aggregated volume
|
Price: £0.00
Volume: 166,200
|
|
Date of the transaction
|
9 December 2024
|
|
Place of the
transaction
|
Exercise of Options occurred outside
a trading venue
|
|
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 financial
instrument, type of instrument
|
Ordinary shares of 10 pence
each
|
|
Identification code
|
GB0000600931
|
|
Nature of the
transaction
|
Sale of shares to cover tax and
national insurance following exercise of Options granted under the
Company's LTIP in 2018 and 2019
|
|
Price(s) and volume(s)
|
Price: £2.537266
|
Volume: 94,112
|
|
Aggregated information
- Price
- Aggregated volume
|
Price: £238,787.18
Volume: 94,112
|
|
Date of the transaction
|
9 December 2024
|
|
Place of the
transaction
|
London Stock Exchange
(XLON)
|
Notes to Editors:
About Braemar Plc
Braemar provides expert investment,
chartering, and risk management advice to the shipping and energy
markets that enable its clients to secure sustainable returns and
mitigate risk in the volatile world of shipping and energy. Our
experienced brokers work in tandem with specialist professionals to
form teams tailored to our customers' needs, and provide 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, visit www.Braemar.com and
follow Braemar on LinkedIn.
