Braemar PLC Director/PDMR Shareholding

RNS Number : 7433V

Braemar PLC

09 July 2024

 

 

9 July 2024

BRAEMAR PLC

("Braemar" or the "Company")

 

Director/PDMR Shareholding

Braemar Plc (LSE: BMS), a leading international shipbroker and provider of expert investment, chartering, and risk management advice to the shipping and energy markets announces the following Director/PDMR share dealing transactions:

On 8 July 2024, the trustee of the Braemar Employee Share Ownership Plan approved the release of ordinary shares of 10p each in the Company ("Ordinary Shares") to certain employees of Braemar following the vesting of share awards granted under the Company's Deferred Bonus Plan ("DBP"), including three persons discharging managerial responsibilities ("PDMRs") of the Company, as follows:

Director/PDMR	Number of ordinary shares released
James Gundy - Group Chief Executive Officer	169,925
Tris Simmonds - Group Chief Operating Officer	26,315
Alistair Borthwick - Group Finance Director	18,796

 

Following the above DBP vesting, James Gundy sold 80,156 Ordinary Shares, Tris Simmonds sold 12,425 Ordinary Shares and Alistair Borthwick sold 8,875 Ordinary Shares, in each case being the amount equivalent to cover their liability to income tax and employee national insurance arising in relation to the settlement of their awards and at a price of £2.997.

 

Following the above transactions, the total holding of Ordinary Shares of each of James Gundy, Tris Simmonds and Alistair Borthwick (including those of persons closely associated with them) will be as follows:

 

PDMR	Total number of Ordinary Shares
James Gundy - Group Chief Executive Officer	868,534
Tris Simmonds - Group Chief Operating Officer	333,970
Alistair Borthwick - Group Finance Director	66,369

 

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 DBP is contained in the Company's 2024 Annual Report, published on 23 May 2024.

 

ENDS

 

For further information, contact:

 

Braemar Plc
James Gundy, Group Chief Executive Officer	Tel [phone]
Grant Foley, Group Chief Financial Officer
Rebecca-Joy Wekwete, Company Secretary
Burson Buchanan
Charles Ryland / Stephanie Whitmore / Jack Devoy / Abby Gilchrist	Tel [phone]
Investec Bank plc
Gary Clarence / Alice King	Tel [phone]
Cavendish Capital Markets Limited Ben Jeynes / Matt Lewis (Corporate Finance) Leif Powis / Dale Bellis / Charlie Combe (Sales & ECM)	Tel [phone]

 

Notes to Editors:

 

About Braemar Plc

Braemar provides expert investment, chartering, and risk management advice 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.

 

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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  Sale of shares acquired from the vesting of share awards granted under the Braemar Plc Deferred Bonus Plan Price(s) and volume(s) Price:  £2.997 Volume: 80,156 Aggregated information  - Aggregated volume - Price     80,156 £240,227.53 Date of the transaction   8 July 2024 Place of the transaction  London Stock Exchange (XLON)   Details of the person discharging managerial responsibilities / person closely associated Name Tris Simmonds Reason for the notification Position/status   Group Chief Operations 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  Sale of shares acquired from the vesting of share awards granted under the Braemar Plc Deferred Bonus Plan Price(s) and volume(s)   Price: £2.997 Volume: 12,425 Aggregated information  - Aggregated volume - Price     12,425 £37,237.73 Date of the transaction   8 July 2024 Place of the transaction  London Stock Exchange (XLON)   Details of the person discharging managerial responsibilities / person closely associated Name Alistair Borthwick  Reason for the notification Position/status   Group Finance Director 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  Sale of shares acquired from the vesting of share awards granted under the Braemar Plc Deferred Bonus Plan Price(s) and volume(s) Price: £2.997 Volume: 8,875 Aggregated information  - Aggregated volume - Price     8,875 £26,598.38 Date of the transaction   8 July 2024 Place of the transaction  London Stock Exchange (XLON)

 

 

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