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BRAEMAR PLC
Remuneration Information • Aug 18, 2021
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 9531I
Braemar Shipping Services PLC
18 August 2021
18 August 2021
BRAEMAR SHIPPING SERVICES PLC
("Braemar", the "Company" or the "Group")
Director/PDMR Shareholding
Braemar Shipping Services Plc (LSE: BMS), a leading international Shipbroker and provider of expert advice in shipping investment, chartering, risk management and logistics services, announces that it was notified on 17 August 2021 that the trustee of the Braemar Employee Share Ownership Plan had approved the transfer of ordinary shares of 10p each in the Company ("Ordinary Shares") to certain employees of Braemar, including three PDMRs of the Company, as follows:
| Name | Title | Ordinary shares transferred |
| James Gundy | Group Chief Executive Officer | 20,327 |
| Alistair Borthwick | Finance Director, Shipbroking Division | 4,841 |
| Sebastian Davenport-Thomas | Global Head of Sale & Purchase, Shipbroking Division | 4,384 |
The release of the Ordinary Shares occurred on 17 August 2021 following the vesting of nil cost awards under the Company's Deferred Bonus Plan in relation to the year ended 28 February 2018 and, for Alistair Borthwick and Sebastian Davenport-Thomas, linked awards under the Company Share Option Plan.
In addition to the Ordinary Shares released as noted above, James Gundy's award was partly settled in cash in the amount equivalent to 18,026 shares, Alistair Borthwick's award was partly settled in cash in the amount equivalent to 4,050 shares and Sebastian Davenport-Thomas' award was partly settled in cash in the amount equivalent to 3,634 shares, being the extent needed to cover their liability to income tax and employee national insurance arising in relation to the settlement of their awards.
Following the release of these Ordinary Shares, the total holding of Ordinary Shares of each of James Gundy, Alistair Borthwick and Sebastian Davenport-Thomas (including those of persons closely associated with them) will be as follows:
| Name | Title | Total Ordinary Shares | % of Company's issued share capital |
| James Gundy | Group Chief Executive Officer | 634,436 | 1.98% |
| Alistair Borthwick | Finance Director, Shipbroking Division | 13,041 | 0.04% |
| Sebastian Davenport-Thomas | Global Head of Sale & Purchase, Shipbroking Division | 137,385 | 0.43% |
The notifications set out below are provided 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 Plc | |
| James Gundy, Group Chief Executive Officer | Tel +44 (0) 20 3142 4100 |
| Nick Stone, Chief Financial Officer | |
| Peter Mason, Company Secretary | |
| finnCap | |
| Matt Goode/ James Thompson | |
| Buchanan | Tel +44 (0) 20 7220 0500 |
| Charles Ryland / Victoria Hayns / Stephanie Watson / Matilda Abraham | |
| Tel +44 (0) 20 7466 5000 |
Notes to Editors:
About Braemar
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 locations 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 /Amendment
Initial
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 financial instrument, type of instrument
Identification code
Ordinary shares of 10p each
GB0000600931
b)
Nature of the transaction
Settlement of award under Deferred Bonus Plan involving acquisition of ordinary shares and cash in lieu of ordinary shares
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 20,327 |
d)
Aggregated information
- Aggregated volume
- Price
20,327 ordinary shares of 10p each
Nil
e)
Date of the transaction
17 August 2021
f)
Place of the transaction
Outside of a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Alistair Borthwick
2
Reason for the notification
a)
Position/status
Finance Director, Shipbroking Division
b)
Initial notification /Amendment
Initial
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 financial instrument, type of instrument
Identification code
Ordinary shares of 10p each
GB0000600931
b)
Nature of the transaction
Settlement of linked awards under Deferred Bonus Plan and Company Share Option Plan ("CSOP") involving acquisition of ordinary shares and cash in lieu of ordinary shares. (Prior to the PDMR being designated a PDMR, 7,685 CSOP awards with an exercise price of 275.33p were exercised and 7,410 of the resulting shares were sold at a price of 287p per share to fund the exercise price.)
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 4,841 |
d)
Aggregated information
- Aggregated volume
- Price
4,841 ordinary shares of 10p each
Nil
e)
Date of the transaction
17 August 2021
f)
Place of the transaction
Outside of a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Sebastian Davenport-Thomas
2
Reason for the notification
a)
Position/status
Global Head of Sale & Purchase, Shipbroking Division
b)
Initial notification /Amendment
Initial
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 financial instrument, type of instrument
Identification code
Ordinary shares of 10p each
GB0000600931
b)
Nature of the transaction
Settlement of linked awards under Deferred Bonus Plan and Company Share Option Plan ("CSOP") involving acquisition of ordinary shares and cash in lieu of ordinary shares. (Prior to the PDMR being designated a PDMR, 8,019 CSOP awards with an exercise price of 275.33p were exercised and 7,732 of the resulting shares were sold at a price of 287p per share to fund the exercise price.)
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 4,384 |
d)
Aggregated information
- Aggregated volume
- Price
4,384 ordinary shares of 10p each
Nil
e)
Date of the transaction
17 August 2021
f)
Place of the transaction
Outside of a trading venue
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