Braemar Shipping Services PLC Employee Share Scheme & Director/PDMR Shareholding (8601E)

TIDMBMS

RNS Number : 8601E

Braemar Shipping Services PLC

08 July 2019

8 July 2019

BRAEMAR SHIPPING SERVICES PLC

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

Employee Share Scheme and 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, is pleased to announce the grant, on 5 July 2019, of options to certain of its employees under its Save as You Earn scheme (the "SAYE Scheme").

Eligible employees were invited to subscribe for a limited number of options over ordinary shares of 10 pence each in the Company ("Ordinary Shares") through a monthly subscription limited to GBP250 per employee per month, commencing on 1 August 2019 for 36 months. The options have an exercise price of 160 pence per Ordinary Share, representing a 20% discount to the middle market quotations of the Ordinary Shares over the three days immediately preceding the invitation to participate on 14 June 2019, and are exercisable from 1 August 2022.

The following PDMRs of the Company have elected to participate in the SAYE Scheme as follows:

 
Name          Title                                    SAYE Share 
                                                     Options Granted 
------------  ------------------------------------  ---------------- 
James Gundy   CEO, Shipbroking                           5,625 
Nick Stone    Group Finance Director                     5,625 
Peter Mason   General Counsel & Company Secretary        5,625 
 

Director / PDMR Shareholding

In addition, Braemar is pleased to announce that Steve Kunzer, a non-executive director of the Company, bought 10,000 Ordinary Shares at 179.75 pence per Ordinary Share on 5 July 2019, following which his total holding of Ordinary Shares (including those of persons closely associated with him) is 10,000, representing approximately 0.03% of the Company's issued share capital.

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          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      5,625 
d)  Aggregated information 
 
     - Aggregated volume          Options over 5,625 ordinary shares 
                                  of 10p each 
     - Price 
                                  N/A 
e)  Date of the transaction     5 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          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      5,625 
d)  Aggregated information 
 
     - Aggregated volume          Options over 5,625 ordinary shares 
                                  of 10p each 
     - Price 
                                  N/A 
e)  Date of the transaction     5 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          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      5,625 
d)  Aggregated information 
 
     - Aggregated volume          Options over 5,625 ordinary shares 
                                  of 10p each 
     - Price 
                                  N/A 
e)  Date of the transaction     5 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                        Steve Kunzer 
2   Reason for the notification 
a)  Position/status             Non-executive 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   Acquisition 
c)  Price(s) and volume(s)       Price(s)  Volume(s) 
                                  179.75p   10,000 
d)  Aggregated information 
 
     - Aggregated volume          10,000 ordinary shares of 10p each 
 
     - Price                      GBP17,975 
e)  Date of the transaction     5 July 2019 
f)  Place of the transaction    London Stock Exchange, Main Market 
 

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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July 08, 2019 13:04 ET (17:04 GMT)