Braemar Shipping Services PLC Director/PDMR Shareholding (6976J)

TIDMBMS

RNS Number : 6976J

Braemar Shipping Services PLC

21 August 2019

21 August 2019

BRAEMAR SHIPPING SERVICES PLC

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

Notification of transaction by Person Discharging Managerial Responsibility

Braemar Shipping Services plc (LSE:BMS) announces that it was notified on 19 August 2019 that James Gundy, Chief Executive of the Company's Shipbroking division, had exercised, on 19 August 2019, the nil cost options awarded to him under the Company's Restricted Share Plan that had vested on 25 July 2019. Following such exercise, the Company shall allot and issue 18,750 ordinary shares of 10 pence each in the Company (the "Shares") to James Gundy under its existing block listing arrangements.

Following the issue of these Shares, James Gundy's total holding of Shares will be 525,278 representing approximately 1.67% of the Company's issued ordinary share capital.

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

For further information, contact:

 
 Braemar Shipping Services plc 
  Ron Series, Executive Chairman             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, logistics and engineering 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

 
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    Exercise of options pursuant to the 
                                  Braemar Shipping Services plc 2014 
                                  Restricted Share Plan 
c)  Price(s) and volume(s)        Price(s)   Volume(s) 
                                   Nil        18,750 
d)  Aggregated information 
 
     - Aggregated volume           18,750 
 
     - Price                       Nil 
e)  Date of the transaction      19 August 2019 
f)  Place of the transaction     Outside of a trading venue 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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August 21, 2019 02:00 ET (06:00 GMT)