Braemar Shipping Services PLC Director/PDMR Shareholding (7434Y)

TIDMBMS

RNS Number : 7434Y

Braemar Shipping Services PLC

08 September 2022

8 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 announces that on 3 August 2022 and 24 August 2022, ordinary shares of 10p each in the Company ("Ordinary Shares") were allotted to certain employees of Braemar, including two persons discharging managerial responsibilities ("PDMRs") of the Company, as follows:

 
Name                         Title                                 Ordinary 
                                                                shares released 
---------------------------  --------------------------------  ---------------- 
Nick Stone                   Group Chief Financial Officer          4,500 
                             Global Head of Sale & Purchase, 
Sebastian Davenport-Thomas    Shipbroking Division                  5,625 
 

The allotment of the Ordinary Shares occurred on 3 August 2022 and 24 August 2022 following the exercise of options under the Company's Save as You Earn scheme ("SAYE") on 1 August 2022 by Sebastian Davenport-Thomas and on 16 August by Nick Stone. Under the terms of the SAYE, the exercise price for the options was GBP1.60 per Ordinary Share, and the new Ordinary Shares were issued under the Company's existing block listing arrangements.

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 SAYE is contained in the Company's 2022 Annual Report.

For further information, contact:

 
 Braemar Shipping Services Plc 
 James Gundy, Group Chief Executive                Tel [phone] 
  Officer 
 Nick Stone, Group Chief Financial Officer 
 
 Investec Bank Plc 
 Gary Clarence / Harry Hargreaves /                Tel [phone] 
  Alice King 
 Cenkos Securities plc 
  Ben Jeynes / Max Gould (Corporate Finance)       Tel [phone] 
  Alex Pollen / Leif Powis (Sales) 
 
   Buchanan 
 Charles Ryland/ Stephanie Whitmore                Tel [phone] 
  / 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 . 
 Details of the person discharging managerial responsibilities 
   / person closely associated 
  Name                       Nick Stone 
  Reason for the notification 
  Position/status            Group Chief Financial 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 Save as You Earn ("SAYE") 
                              options with an exercise price of 160p 
                              per share. 
  Price(s) and volume(s)     Price(s)  Volume(s) 
                              1.60      4,500 
  Aggregated information 
 
   - Aggregated volume        4,500 ordinary shares of 10p each 
 
   - Price                    GBP7,200 
  Date of the transaction    16 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 Save as You Earn ("SAYE") 
                            options with an exercise price of 160p 
                            per share. 
Price(s) and volume(s)      Price(s)  Volume(s) 
                             1.60      5,625 
Aggregated information 
 
 - Aggregated volume         5,625 ordinary shares of 10p each 
 
 - Price                     GBP9,000 
Date of the transaction    1 August 2022 
Place of the transaction   Outside of a trading venue 
 

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September 08, 2022 02:45 ET (06:45 GMT)