Business
Grant of Share Incentives to PDMRs
Grant of Share Incentives to PDMRs.
About this update from Braemar Plc
4 July 2025 BRAEMAR PLC ("Braemar" or the "Company") Grant of Share Incentives to PDMRs Braemar Plc (LSE: BMS), a leading provider of expert investment, chartering, and risk management advice to the shipping and energy markets , announces that the following grants of nil-cost options were made under the Braemar Long-Term Incentive Plan (the " LTIP ") over the Company's ordinary shares of 10p to the following Persons Discharging Managerial Responsibility (" PDMR s") on 2 July 2025 : PDMR Number of ordinary shares over which options were granted James Gundy - Group Chief Executive Officer 231,128 Grant Foley - Group Chief Financial & Operating Officer 184,902 In all cases, there is no consideration for the grant of the awards and the exercise price is nil. The awards will vest on 2 July 2028, subject to the rules of the LTIP and the performance criteria being satisfied. The performance criteria is based on the Company's growth in underlying Earnings Per Share (" EPS "), measured over a three-year performance period ending on 29 February 2028. The EPS measure will be adjusted to eliminate 50% of the impact of changes in the USD foreign exchange rate over the three-year performance period. Any shares acquired under such LTIP awards are subject to a further two-year holding period. 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 LTIP is contained in the Company' s 2025 Annual Report, published on 29 May 2025. Enquiries: Braemar Plc Tel: +44 (0)20 3142 4100 James Gundy, Group Chief Executive Officer Grant Foley, Group Chief Financial & Operating Officer Rebecca-Joy Wekwete, Company Secretary Houston Tel: +44 (0)20 4529 0549 Kate Hoare / Charlie Barker / Ben Robinson Canaccord Genuity Tel: +44 (0) 20 7523 8000 Adam James / Harry Rees About Braemar Plc 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. Our experienced brokers work in tandem with specialist professio nals 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 informat ion, including our investor presentation, visit www.braemar.com and follow Braemar on LinkedIn . 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 10p each Identification code GB0000600931 Nature of the transaction Grant of LTIP awards as nil cost options over ordinary shares of 10p each. Price(s) and volume(s) Price: Nil Volume: 231,128 Aggregated information - Aggregated volume - Price 231,128 Nil Date of the transaction 2 July 2025 Place of the transaction Grant of awards occurred outside a trading venue. Details of the person discharging managerial responsibilities / person closely associated Name Grant Foley Reason for the notification Position/status Group Chief Financial & Operating 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 10p each Identification code GB0000600931 Nature of the transaction Grant of LTIP awards as nil cost options over ordinary shares of 10p each. Price(s) and volume(s) Price: Nil Volume: 184,902 Aggregated information - Aggregated volume - Price 184,902 Nil Date of the transaction 2 July 2025 Place of the transaction Grant of awards occurred outside a trading venue.