8 July 2019
BRAEMAR SHIPPING SERVICES PLC
("Braemar", the "Company" or the "Group")
Employee Share Scheme and Director / PDMR Shareholding
Braemar Shipping Services plc (LSE:BMS), a leading international provider of shipbroking, financial advisory, port and marine consulting services principally to the shipping and energy industries, is pleased to announce the grant, on 5 July 2019, of options to certain of its employees under its Save as You Earn scheme (the "SAYE Scheme").
Eligible employees were invited to subscribe for a limited number of options over ordinary shares of 10 pence each in the Company ("Ordinary Shares") through a monthly subscription limited to £250 per employee per month, commencing on 1 August 2019 for 36 months. The options have an exercise price of 160 pence per Ordinary Share, representing a 20% discount to the middle market quotations of the Ordinary Shares over the three days immediately preceding the invitation to participate on 14 June 2019, and are exercisable from 1 August 2022.
The following PDMRs of the Company have elected to participate in the SAYE Scheme as follows:
|
Name |
Title |
SAYE Share Options Granted |
|
James Gundy |
CEO, Shipbroking |
5,625 |
|
Nick Stone |
Group Finance Director |
5,625 |
|
Peter Mason |
General Counsel & Company Secretary |
5,625 |
Director / PDMR Shareholding
In addition, Braemar is pleased to announce that Steve Kunzer, a non-executive director of the Company, bought 10,000 Ordinary Shares at 179.75 pence per Ordinary Share on 5 July 2019, following which his total holding of Ordinary Shares (including those of persons closely associated with him) is 10,000, representing approximately 0.03% of the Company's issued share capital.
For further information, contact:
|
Braemar Shipping Services |
|
|
James Kidwell, Chief Executive |
Tel +44 (0) 20 3142 4100 |
|
Nick Stone, Finance Director |
|
|
Peter Mason, Company Secretary |
|
|
Shore Capital |
|
|
Robert Finlay / Antonio Bossi / Henry Willcocks |
Tel +44 (0) 20 7601 6100 |
|
Buchanan |
|
|
Charles Ryland / Vicky Hayns / Stephanie Watson |
Tel +44 (0) 20 7466 5000 |
Notes to Editors:
About Braemar Shipping Services plc
Braemar Shipping Services plc is a leading international provider of shipbroking, financial advisory, port and marine consulting 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
The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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|
a) |
Name |
James Gundy |
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2 |
Reason for the notification |
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|
a) |
Position/status |
CEO, Shipbroking |
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|
b) |
Initial notification /Amendment |
Initial |
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|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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|
a) |
Name |
Braemar Shipping Services plc |
||||||
|
b) |
LEI |
213800EV6IKTTHJ83C19 |
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|
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 financial instrument, type of instrument Identification code |
Options over ordinary shares of 10p each GB0000600931 |
||||||
|
b) |
Nature of the transaction |
Grant of options over ordinary shares of 10p each under SAYE Scheme |
||||||
|
c) |
Price(s) and volume(s) |
|
||||||
|
d) |
Aggregated information - Aggregated volume - Price |
Options over 5,625 ordinary shares of 10p each N/A |
||||||
|
e) |
Date of the transaction |
5 July 2019 |
||||||
|
f) |
Place of the transaction |
London Stock Exchange, Main Market |
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|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
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|
a) |
Name |
Nick Stone |
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|
2 |
Reason for the notification |
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|
a) |
Position/status |
Group Finance Director |
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|
b) |
Initial notification /Amendment |
Initial |
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|
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 financial instrument, type of instrument Identification code |
Options over ordinary shares of 10p each GB0000600931 |
||||||
|
b) |
Nature of the transaction |
Grant of options over ordinary shares of 10p each under SAYE Scheme |
||||||
|
c) |
Price(s) and volume(s) |
|
||||||
|
d) |
Aggregated information - Aggregated volume - Price |
Options over 5,625 ordinary shares of 10p each N/A |
||||||
|
e) |
Date of the transaction |
5 July 2019 |
||||||
|
f) |
Place of the transaction |
London Stock Exchange, Main Market |
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|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||||
|
a) |
Name |
Peter Mason |
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|
2 |
Reason for the notification |
|||||||
|
a) |
Position/status |
General Counsel & Company Secretary |
||||||
|
b) |
Initial notification /Amendment |
Initial |
||||||
|
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 financial instrument, type of instrument Identification code |
Options over ordinary shares of 10p each GB0000600931 |
||||||
|
b) |
Nature of the transaction |
Grant of options over ordinary shares of 10p each under SAYE Scheme |
||||||
|
c) |
Price(s) and volume(s) |
|
||||||
|
d) |
Aggregated information - Aggregated volume - Price |
Options over 5,625 ordinary shares of 10p each N/A |
||||||
|
e) |
Date of the transaction |
5 July 2019 |
||||||
|
f) |
Place of the transaction |
London Stock Exchange, Main Market |
||||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||||
|
a) |
Name |
Steve Kunzer |
||||||
|
2 |
Reason for the notification |
|||||||
|
a) |
Position/status |
Non-executive Director |
||||||
|
b) |
Initial notification /Amendment |
Initial |
||||||
|
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 financial instrument, type of instrument Identification code |
Ordinary shares of 10p each GB0000600931 |
||||||
|
b) |
Nature of the transaction |
Acquisition |
||||||
|
c) |
Price(s) and volume(s) |
|
||||||
|
d) |
Aggregated information - Aggregated volume - Price |
10,000 ordinary shares of 10p each £17,975 |
||||||
|
e) |
Date of the transaction |
5 July 2019 |
||||||
|
f) |
Place of the transaction |
London Stock Exchange, Main Market |
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