Braemar Shipping Services PLC Director/PDMR Shareholding (0626P)

TIDMBMS

RNS Number : 0626P

Braemar Shipping Services PLC

25 August 2017

BRAEMAR SHIPPING SERVICES PLC

("Braemar", the "Company" or the "Group")

25 August 2017

Director / PDMR Shareholding

Braemar Shipping Services plc (LSE: BMS), a leading international provider of broking, consultancy, technical and other services to the shipping, marine, energy, offshore and insurance industries, announces that the Company was informed on 24 August 2017 that the trustee of the Braemar Shipping Services plc Employee Share Ownership Plan had released 13,250 ordinary shares of 10 pence each in the Company ("Shares") to James Gundy, Chief Executive of the Company's Shipbroking Division.

The release was made following the vesting, on 25 July 2017, of the Shares awarded to James Gundy at nil cost under the Company's Restricted Share Plan.

Following this announcement, James Gundy holds 477,102 Shares, equivalent to 1.58% of the Company's issued ordinary share capital.

A copy of the notification made in accordance with Article 19 of the EU Market Abuse Regulation is below.

For further information, contact:

 
 Braemar Shipping Services 
  James Kidwell, Chief Executive           Tel [phone] 
  Louise Evans, Finance Director           Tel [phone] 
   Peter Mason, Company Secretary          Tel [phone] 
 
 Stockdale Securities 
  Robert Finlay / Antonio Bossi / Henry    Tel [phone] 
   Willcocks 
 
 Buchanan 
  Charles Ryland / Vicky Watkins /         Tel [phone] 
   Stephanie Watson 
 

Notes to Editors:

About Braemar Shipping Services plc

Braemar Shipping Services plc is a leading international provider of knowledge and skill-based services to the shipping, marine, energy, offshore and insurance industries. Founded in 1972, Braemar employs approximately 850 people in more than 70 locations worldwide across its Shipbroking, Technical and Logistics 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

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 
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 
 
     Identification code        GB0000600931 
b)  Nature of the transaction  Release of ordinary shares of 10p each 
                                to James Gundy from the Company's ESOP 
                                following their vesting pursuant to 
                                the Company's Restricted Share Plan 
c)  Price(s) and volume(s)      Price(s)  Volume(s) 
 
                                  Nil       13,250 shares 
d)  Aggregated information 
 
     - Aggregated volume         13,250 ordinary shares of 10p each 
 
     - Price                     Nil 
e)  Date of the transaction    23 August 2017 
f)  Place of the transaction   London Stock Exchange, Main Market 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHOKPDBPBKDKFB

(END) Dow Jones Newswires

August 25, 2017 11:21 ET (15:21 GMT)