Braemar Shipping Services PLC Director/PDMR Shareholding (7263K)

TIDMBMS

RNS Number : 7263K

Braemar Shipping Services PLC

30 August 2019

30 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 has received notification of the purchase of a total of 25,000 ordinary shares of 10p each in the Company ("Shares") by James Gundy, Chief Executive of the Company's Shipbroking division, with 5,000 Shares purchased at 198p each and 20,000 shares purchased at 201.475p each.

The Company also announces that it has received notification of an historic shareholding held by a connected person of James Gundy of 5,000 Shares, which were acquired prior to James Gundy becoming a Person Discharging Managerial Responsibility of the Company.

Following these notifications, James Gundy's total holding of Shares (including those of persons closely associated with him) is 555,278 Shares, representing approximately 1.76% 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    Acquisition of ordinary shares of 10p 
                                   each 
c)   Price(s) and volume(s)        Price(s)  Volume(s) 
                                    198p      2,500 
                                    198p      2,500 
     Aggregated information 
 
      - Aggregated volume           5,000 
 
d)    - Price                       198p 
e)   Date of the transaction      28 August 2019 
f)   Place of the transaction     London Stock Exchange 
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    Acquisition of ordinary shares of 10p 
                                   each 
c)   Price(s) and volume(s)        Price(s)  Volume(s) 
                                    2.01475p  10,000 
                                    2.01475p  10,000 
     Aggregated information 
 
      - Aggregated volume           20,000 
 
d)    - Price                       2.01475p 
e)   Date of the transaction      29 August 2019 
f)   Place of the transaction     London Stock Exchange 
 

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 30, 2019 06:16 ET (10:16 GMT)