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BMS Braemar Plc

274.00
2.00 (0.74%)
Last Updated: 10:15:32
Delayed by 15 minutes
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
  2.00 0.74% 274.00 270.00 275.00 275.00 274.00 275.00 26,615 10:15:32
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Water Transport Svcs, Nec 152.91M 4.6M 0.1396 19.70 90.54M

Braemar Shipping Services PLC Director/PDMR Shareholding (7042B)

11/06/2021 5:07pm

UK Regulatory


TIDMBMS

RNS Number : 7042B

Braemar Shipping Services PLC

11 June 2021

   BRAEMAR   SHIPPING SERVICES PLC 

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

11 June 2021

Director / PDMR Shareholding

Braemar Shipping Services Plc (LSE: BMS), a leading international provider of shipbroking, financial advisory and logistics services to the shipping and energy industries, announces that it has granted the following awards over ordinary shares of 10p each in the Company ("Ordinary Shares") under the Company's Deferred Bonus Plan (the "DBP") on 8 June 2021 to certain Persons Discharging Managerial Responsibilities ("PDMRs") of the Company in relation to the individuals' annual bonuses in respect of the 2020/2021 financial year:

James Gundy, CEO, Shipbroking - 169,925

Nicholas Stone, Group COO & Finance Director - 25,398

Peter Mason, General Counsel & Company Secretary - 12,138

These awards will ordinarily vest in three years from the date of grant in accordance with the rules of the DBP.

Peter Mason has also been given corresponding options under the Company Share Option Plan ("CSOP") over 11,278 Ordinary Shares each, which will vest on the same date as the DBP awards above. The exercise price for the options is GBP2.66 per share, which is the average of the middle-market quotations of the Ordinary Shares over the three days immediately preceding the grant date. The number of shares in respect of which the DBP award will vest will be reduced to take account of any gain in value, as at exercise, of the CSOP options.

Further information on the DBP and the CSOP is contained in the Company's 2020 Annual Report.

The Company also announces that an error has been identified in a Director / PDMR notification made by the Company on 8 July 2019. The amount of options granted to Nick Stone, the Group's COO & Finance Director, under the Company's Save as you Earn scheme (the "SAYE Scheme") on 5 July 2019 was stated in error as 5,625. The correct number was 4,500.

The notifications set out below provide further details 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.

For further information, contact:

 
 Braemar Shipping Services 
  James Gundy, Group Chief Executive    Tel +44 (0) 20 3142 4100 
   Officer 
  Nick Stone, Group Chief Operating 
   Officer & Finance Director 
  Peter Mason, Company Secretary 
 finnCap 
  Matt Goode / James Thompson           Tel +44 (0) 20 7220 0500 
 
 
  Buchanan 
  Charles Ryland / Victoria Hayns /     Tel +44 (0) 20 7466 5000 
   Stephanie Watson / Matilda Abraham 
 

Notes to Editors:

About Braemar Shipping Services Plc

Braemar is a leading international Shipbroker and provider of expert advice in shipping investment, chartering and risk management. Braemar employs approximately 520 people in 30 offices worldwide across its Shipbroking, Financial and Logistics 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             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   Grant of deferred share award over 
                                   ordinary shares of 10p each pursuant 
                                   to the Company's Deferred Bonus Plan 
     --------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)       Price(s)   Volume(s) 
                                    Nil        169,925 
     --------------------------  -------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume          169,925 ordinary shares of 10p each 
       - Price                      Nil 
     --------------------------  -------------------------------------- 
 e)   Date of the transaction     08/06/2021 
     --------------------------  -------------------------------------- 
 f)   Place of the transaction    Outside of a trading venue 
     --------------------------  -------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Nick Stone 
     --------------------------  -------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------ 
 a)   Position/status             Group COO and 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 deferred share award over 
                                   ordinary shares of 10p each pursuant 
                                   to the Company's Deferred Bonus Plan 
     --------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)       Price(s)   Volume(s) 
                                    Nil        25,398 
     --------------------------  -------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume          25,398 ordinary shares of 10p each 
       - Price                      Nil 
     --------------------------  -------------------------------------- 
 e)   Date of the transaction     08/06/2021 
     --------------------------  -------------------------------------- 
 f)   Place of the transaction    Outside of a trading venue 
     --------------------------  -------------------------------------- 
 
 
 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 and 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 deferred share award over 
                                   ordinary shares of 10p each pursuant 
                                   to the Company's Deferred Bonus Plan 
     --------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)       Price(s)   Volume(s) 
                                    Nil        12,138 
     --------------------------  -------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume          12,138 ordinary shares of 10p each 
       - Price                      Nil 
     --------------------------  -------------------------------------- 
 e)   Date of the transaction     08/06/2021 
     --------------------------  -------------------------------------- 
 f)   Place of the transaction    Outside of a trading venue 
     --------------------------  -------------------------------------- 
 
 
 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 and 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 options over ordinary shares 
                                   of 10p each pursuant to the Company 
                                   Share Option Plan 
     --------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)       Price(s)  Volume(s) 
                                    266p      11,278 
     --------------------------  -------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume          Options over 11,278 ordinary shares 
       - Price                      of 10p each 
                                    N/A 
     --------------------------  -------------------------------------- 
 e)   Date of the transaction     08/06/2021 
     --------------------------  -------------------------------------- 
 f)   Place of the transaction    Outside of a trading venue 
     --------------------------  -------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Nick Stone 
     --------------------------  -------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------ 
 a)   Position/status             Group COO and Finance Director 
     --------------------------  -------------------------------------- 
 b)   Initial notification        Amendment 
       /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          Options over ordinary shares of 10p 
       financial instrument,       each 
       type of instrument 
 
       Identification code         GB0000600931 
     --------------------------  -------------------------------------- 
 b)   Nature of the transaction   Grant of options over ordinary shares 
                                   of 10p each under SAYE Scheme 
     --------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)      Transaction   Price(s)  Volume(s) 
                                   SAYE option   160p      4,500 
     --------------------------  -------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume          Options over 4,500 ordinary shares 
       - Price                      of 10p each 
                                    N/A 
     --------------------------  -------------------------------------- 
 e)   Date of the transaction     05/07/2019 
     --------------------------  -------------------------------------- 
 f)   Place of the transaction    Outside of a trading venue 
     --------------------------  -------------------------------------- 
 

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END

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