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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Braemar Plc | LSE:BMS | London | Ordinary Share | GB0000600931 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.50 | -0.18% | 274.00 | 268.00 | 280.00 | 280.00 | 280.00 | 280.00 | 22,419 | 16:35:21 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Water Transport Svcs, Nec | 152.91M | 4.6M | 0.1396 | 20.06 | 92.19M |
From Apr 2022 to Apr 2024
TIDMBMS
RNS Number : 3118Y
Braemar Shipping Services PLC
05 September 2022
5 September 2022
BRAEMAR SHIPPING SERVICES PLC
("Braemar", the "Company" or the "Group")
Director/PDMR Shareholding
Braemar, a leading international Shipbroker and provider of expert advice in shipping investment, chartering and risk management, has been notified that, on 2 September 2022, 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, including four persons discharging managerial responsibilities ("PDMRs") of the Company, as follows:
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Name Title Ordinary
shares released
--------------------------- ------------------------------------ ----------------
James Gundy Group Chief Executive Officer 194,000
Tris Simmonds Group Chief Operating Officer 59,109
Group Finance Director, Shipbroking
Alistair Borthwick Division 27,956
Global Head of Sale & Purchase,
Sebastian Davenport-Thomas Shipbroking Division 93,854
The release of the Ordinary Shares occurred on 2 September 2022 following the vesting of nil cost awards under the Company's Deferred Bonus Plan ("DBP") on 30 August 2022 in relation to the year ended 28 February 2019 and, for Tris Simmonds, Alistair Borthwick and Sebastian Davenport-Thomas, included the exercise of the following linked awards under the Company Share Option Plan ("CSOP"):
Name Title Options exercised
under CSOP
--------------------------- ------------------------------------ -----------------
Tris Simmonds Group Chief Operating Officer 15,000
Group Finance Director, Shipbroking
Alistair Borthwick Division 340
Global Head of Sale & Purchase,
Sebastian Davenport-Thomas Shipbroking Division 3,960
The CSOP awards carried an exercise price of GBP2.00 per share.
Following the above DBP vesting and CSOP exercises, James Gundy sold 94,905 Ordinary Shares, Tris Simmonds sold 30,742 Ordinary Shares, Alistair Borthwick sold 13,731 Ordinary Shares and Sebastian Davenport-Thomas sold 46,411 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 to cover the cost of exercising the CSOP awards, and at a price of GBP3.29.
Following the above transactions, the total holding of Ordinary Shares of each of James Gundy, Tris Simmonds, Alistair Borthwick and Sebastian Davenport-Thomas (including those of persons closely associated with them) will be as follows:
Name Title Total Ordinary % of Company's
Shares issued share
capital
--------------------------- ------------------------------------ -------------- --------------
James Gundy Group Chief Executive Officer 756,531 2.33%
Tris Simmonds Group Chief Operating Officer 348,447 1.07%
Group Finance Director, Shipbroking
Alistair Borthwick Division 27,266 0.08%
Global Head of Sale & Purchase,
Sebastian Davenport-Thomas Shipbroking Division 184,828 0.57%
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 and the CSOP is contained in the Company's 2022 Annual Report.
For further information, contact:
Braemar Shipping Services Plc James Gundy, Group Chief Executive Tel +44 (0) 20 3142 4100 Officer Nick Stone, Group Chief Financial Officer Investec Bank Plc Gary Clarence / Harry Hargreaves / Tel +44 (0) 20 7597 5970 Alice King Cenkos Securities plc Ben Jeynes / Max Gould (Corporate Finance) Tel +44 (0) 20 7397 8900 Alex Pollen / Leif Powis (Sales) Buchanan Charles Ryland/ Stephanie Whitmore Tel +44 (0) 20 7466 5000 / Jack Devoy
Notes to Editors:
About Braemar
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.
Braemar's experienced brokers work in tandem with specialist professionals to form teams tailored to its customers' needs, and provides 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, please visit www.braemar.com and follow Braemar on LinkedIn .
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name James Gundy
2 Reason for the notification
a) Position/status Group Chief Executive Officer
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
GB0000600931
Identification code
b) Nature of the transaction Settlement of award under Deferred
Bonus Plan involving acquisition of
ordinary shares
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 194,000
d) Aggregated information
- Aggregated volume 194,000 ordinary shares of 10p each
- Price Nil
e) Date of the transaction 31 August 2022
f) Place of the transaction Outside of a trading venue
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Tris Simmonds
2 Reason for the notification
a) Position/status Group Chief Operating Officer
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
GB0000600931
Identification code
b) Nature of the transaction Settlement of linked awards under Deferred
Bonus Plan and Company Share Option
Plan ("CSOP") involving acquisition
of ordinary shares
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 59,109
d) Aggregated information
- Aggregated volume 59,109 ordinary shares of 10p each
- Price Nil
e) Date of the transaction 31 August 2022
f) Place of the transaction Outside of a trading venue
Details of the person discharging managerial responsibilities
/ person closely associated
Name Tris Simmonds
Reason for the notification
Position/status Group Chief Operating Officer
Initial notification Initial
/Amendment
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
Name Braemar Shipping Services 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 Ordinary shares of 10p each
financial instrument,
type of instrument
GB0000600931
Identification code
Nature of the transaction Exercise of Company Share Option Plan
("CSOP") awards with an exercise price
of 200p per share.
Price(s) and volume(s) Price(s) Volume(s)
200p 15,000
Aggregated information
- Aggregated volume 15,000 ordinary shares of 10p each
- Price GBP30,000
Date of the transaction 31 August 2022
Place of the transaction Outside of a trading venue
Details of the person discharging managerial responsibilities
/ person closely associated
Name Alistair Borthwick
Reason for the notification
Position/status Group Finance Director
Initial notification Initial
/Amendment
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
Name Braemar Shipping Services 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 Ordinary shares of 10p each
financial instrument,
type of instrument
GB0000600931
Identification code
Nature of the transaction Settlement of linked awards under Deferred
Bonus Plan and Company Share Option
Plan ("CSOP") involving acquisition
of ordinary shares
Price(s) and volume(s) Price(s) Volume(s)
Nil 27,956
Aggregated information
- Aggregated volume 27,956 ordinary shares of 10p each
- Price Nil
Date of the transaction 31 August 2022
Place of the transaction Outside of a trading venue
Details of the person discharging managerial responsibilities
/ person closely associated
Name Alistair Borthwick
Reason for the notification
Position/status Group Finance Director
Initial notification Initial
/Amendment
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
Name Braemar Shipping Services 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 Ordinary shares of 10p each
financial instrument,
type of instrument
GB0000600931
Identification code
Nature of the transaction Exercise of Company Share Option Plan
("CSOP") awards with an exercise price
of 200p per share.
Price(s) and volume(s) Price(s) Volume(s)
200p 340
Aggregated information
- Aggregated volume 340 ordinary shares of 10p each
- Price GBP680
Date of the transaction 31 August 2022
Place of the transaction Outside of a trading venue
Details of the person discharging managerial responsibilities
/ person closely associated
Name Sebastian Davenport-Thomas
Reason for the notification
Position/status Global Head of Sale & Purchase, Shipbroking
Division
Initial notification Initial
/Amendment
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
Name Braemar Shipping Services 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 Ordinary shares of 10p each
financial instrument,
type of instrument
GB0000600931
Identification code
Nature of the transaction Settlement of linked awards under Deferred
Bonus Plan and Company Share Option
Plan ("CSOP") involving acquisition
of ordinary shares
Price(s) and volume(s) Price(s) Volume(s)
Nil 93,854
Aggregated information
- Aggregated volume 93,854 ordinary shares of 10p each
- Price Nil
Date of the transaction 31 August 2022
Place of the transaction Outside of a trading venue
Details of the person discharging managerial responsibilities
/ person closely associated
Name Sebastian Davenport-Thomas
Reason for the notification
Position/status Global Head of Sale & Purchase, Shipbroking
Division
Initial notification Initial
/Amendment
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
Name Braemar Shipping Services 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 Ordinary shares of 10p each
financial instrument,
type of instrument
GB0000600931
Identification code
Nature of the transaction Exercise of Company Share Option Plan
("CSOP") awards with an exercise price
of 200p per share.
Price(s) and volume(s) Price(s) Volume(s)
200p 3,960
Aggregated information
- Aggregated volume 3,960 ordinary shares of 10p each
- Price GBP7,920
Date of the transaction 31 August 2022
Place of the transaction Outside of a trading venue
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name James Gundy
2 Reason for the notification
a) Position/status Group Chief Executive Officer
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
GB0000600931
Identification code
b) Nature of the transaction Sale of shares to settle income tax
liability and national insurance in
connection with vesting of shares under
Deferred Bonus Plan
c) Price(s) and volume(s) Price(s) Volume(s)
GBP3.29 94,905
d) Aggregated information
- Aggregated volume 94,905 ordinary shares of 10p each
- Price GBP312,549
e) Date of the transaction 31 August 2022
f) Place of the transaction London Stock Exchange
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Tris Simmonds
2 Reason for the notification
a) Position/status Group Chief Operating Officer
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
GB0000600931
Identification code
b) Nature of the transaction Sale of shares to settle income tax
liability and national insurance
in connection with vesting of shares
under Deferred Bonus Plan and exercise
of options under Company Share Option
Plan ("CSOP")
c) Price(s) and volume(s) Price(s) Volume(s)
GBP3.29 30,742
d) Aggregated information
- Aggregated volume 30,742 ordinary shares of 10p each
- Price GBP101,242.41
e) Date of the transaction 31 August 2022
f) Place of the transaction London Stock Exchange
Details of the person discharging managerial responsibilities
/ person closely associated
Name Alistair Borthwick
Reason for the notification
Position/status Group Finance Director
Initial notification Initial
/Amendment
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
Name Braemar Shipping Services 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 Ordinary shares of 10p each
financial instrument,
type of instrument
GB0000600931
Identification code
Nature of the transaction Sale of shares to settle income tax
liability and national insurance
in connection with vesting of shares
under Deferred Bonus Plan and exercise
of options under Company Share Option
Plan ("CSOP")
Price(s) and volume(s) Price(s) Volume(s)
GBP3.29 13,731
Aggregated information
- Aggregated volume 13,731 ordinary shares of 10p each
- Price GBP45,220.21
Date of the transaction 31 August 2022
Place of the transaction London Stock Exchange
Details of the person discharging managerial responsibilities
/ person closely associated
Name Sebastian Davenport-Thomas
Reason for the notification
Position/status Global Head of Sale & Purchase, Shipbroking
Division
Initial notification Initial
/Amendment
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
Name Braemar Shipping Services 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 Ordinary shares of 10p each
financial instrument,
type of instrument
GB0000600931
Identification code
Nature of the transaction Sale of shares to settle income tax
liability and national insurance
in connection with vesting of shares
under Deferred Bonus Plan and exercise
of options under Company Share Option
Plan ("CSOP")
Price(s) and volume(s) Price(s) Volume(s)
GBP3.29 46,411
Aggregated information
- Aggregated volume 46,411 ordinary shares of 10p each
- Price GBP152,845.02
Date of the transaction 31 August 2022
Place of the transaction London Stock Exchange
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END
DSHBKPBQNBKDNCK
(END) Dow Jones Newswires
September 05, 2022 09:45 ET (13:45 GMT)
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