Braemar Shipping Services PLC Director/PDMR Shareholding (5644E)

TIDMBMS

RNS Number : 5644E

Braemar Shipping Services PLC

04 July 2019

4 July 2019

BRAEMAR SHIPPING SERVICES PLC

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

Director / PDMR Shareholding

Braemar Shipping Services plc (LSE:BMS), a leading international provider of shipbroking, financial advisory, port and marine consulting services principally to the shipping and energy industries, announces that it granted awards under its Long Term Incentive Plan ("LTIP") to certain PDMRs of the Company on 1 July 2019, as follows:

James Gundy, CEO, Shipbroking - 184,210

James Kidwell, Group CEO - 184,210

Nick Stone, Group Finance Director - 105,263

Peter Mason, General Counsel & Company Secretary - 42,105

Peter Wilson, Managing Director, Logistics Division - 63,157

These awards are nil cost options to acquire ordinary shares of 10p each in the Company and will vest in three years subject to certain performance criteria based on the Company's adjusted earnings per share and, for James Gundy and Peter Wilson, the underlying operating profit of the Shipbroking and Logistics Divisions respectively.

Further information in relation to the LTIP is contained in the Company's 2019 Annual Report.

For further information, contact:

 
 Braemar Shipping Services 
  James Kidwell, Chief Executive             Tel [phone] 
  Nick Stone, Finance Director 
  Peter Mason, Company Secretary 
 Shore Capital 
  Robert Finlay / Antonio Bossi / Henry      Tel [phone] 
   Willcocks 
 Buchanan 
  Charles Ryland / Vicky Hayns / Stephanie   Tel [phone] 
   Watson 
 

Notes to Editors:

About Braemar Shipping Services plc

Braemar Shipping Services plc is a leading international provider of shipbroking, financial advisory, port and marine consulting services principally to the shipping and energy industries. Founded in 1972, Braemar employs approximately 530 people in 30 locations worldwide across its Shipbroking, Financial, Logistics and Engineering 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

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

 
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 
                                GB0000600931 
     Identification code 
b)  Nature of the transaction  Grant of LTIP awards of nil cost options 
                                over ordinary shares of 10p each 
c)  Price(s) and volume(s)      Transaction  Price(s)  Volume(s) 
                                 LTIP         Nil       184,210 shares 
d)  Aggregated information 
 
     - Aggregated volume         184,210 ordinary shares of 10p each 
 
     - Price                     Nil 
e)  Date of the transaction    1 July 2019 
f)  Place of the transaction   London Stock Exchange, Main Market 
1   Details of the person discharging managerial responsibilities 
     / person closely associated 
a)  Name                       James Kidwell 
2   Reason for the notification 
a)  Position/status            Group CEO 
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  Grant of LTIP awards of nil cost options 
                                over ordinary shares of 10p each 
c)  Price(s) and volume(s)      Transaction  Price(s)  Volume(s) 
                                 LTIP         Nil       184,210 shares 
d)  Aggregated information 
 
     - Aggregated volume         184,210 ordinary shares of 10p each 
 
     - Price                     Nil 
e)  Date of the transaction    1 July 2019 
f)  Place of the transaction   London Stock Exchange, Main Market 
1   Details of the person discharging managerial responsibilities 
     / person closely associated 
a)  Name                       Nick Stone 
2   Reason for the notification 
a)  Position/status            Group Finance Director 
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  Grant of LTIP awards of nil cost options 
                                over ordinary shares of 10p each 
c)  Price(s) and volume(s)      Transaction  Price(s)  Volume(s) 
                                 LTIP         Nil       105,263 shares 
d)  Aggregated information 
 
     - Aggregated volume         105,263 ordinary shares of 10p each 
 
     - Price                     Nil 
e)  Date of the transaction    1 July 2019 
f)  Place of the transaction   London Stock Exchange, Main Market 
1   Details of the person discharging managerial responsibilities 
     / person closely associated 
a)  Name                       Peter Mason 
2   Reason for the notification 
a)  Position/status            General Counsel & Company Secretary 
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  Grant of LTIP awards of nil cost options 
                                over ordinary shares of 10p each 
c)  Price(s) and volume(s)      Transaction  Price(s)  Volume(s) 
                                 LTIP         Nil       42,105 shares 
d)  Aggregated information 
 
     - Aggregated volume         42,105 ordinary shares of 10p each 
 
     - Price                     Nil 
e)  Date of the transaction    1 July 2019 
f)  Place of the transaction   London Stock Exchange, Main Market 
1   Details of the person discharging managerial responsibilities 
     / person closely associated 
a)  Name                       Peter Wilson 
2   Reason for the notification 
a)  Position/status            Managing Director, Logistics Division 
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  Grant of LTIP awards of nil cost options 
                                over ordinary shares of 10p each 
c)  Price(s) and volume(s)      Transaction  Price(s)  Volume(s) 
                                 LTIP         Nil       63,157 shares 
d)  Aggregated information 
 
     - Aggregated volume         63,157 ordinary shares of 10p each 
 
     - Price                     Nil 
e)  Date of the transaction    1 July 2019 
f)  Place of the transaction   London Stock Exchange, Main Market 
 

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July 04, 2019 11:31 ET (15:31 GMT)