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 +44 (0) 20 3142 4100
Nick Stone, Finance Director
Peter Mason, Company Secretary
Shore Capital
Robert Finlay / Antonio Bossi / Henry Tel +44 (0) 20 7601 6100
Willcocks
Buchanan
Charles Ryland / Vicky Hayns / Stephanie Tel +44 (0) 20 7466 5000
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
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 rns@lseg.com or visit www.rns.com.
END
DSHCKQDBPBKDCOK
(END) Dow Jones Newswires
July 04, 2019 11:31 ET (15:31 GMT)
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