BRAEMAR PLC

Director's Dealing • Sep 13, 2022

National Storage Mechanism | Additional information

RNS Number : 3227Z

Braemar Shipping Services PLC

13 September 2022

 

13 September 2022

BRAEMAR SHIPPING SERVICES PLC

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

Director/PDMR Shareholding - Correction

The Company notifies a correction to the Director/PDMR Shareholding announcement released by the Company on 8 September 2022 with RNS Number 7434Y (the "Announcement").

The relevant dates for the exercises of options by Nick Stone and Sebastian Davenport-Thomas under the Company's Save as You Earn scheme ("SAYE") were incorrectly stated in the Announcement as 16 August 2022 and 1 August 2022 respectively. The correct dates of exercise were 27 July 2022 and 18 July 2022 respectively.

All other details remain as previously announced. The full amended notifications (reflecting the correct exercise dates) are set out below 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.

Further information on the SAYE is contained in the Company's 2022 Annual Report.

For further information, contact:

Braemar Shipping Services Plc
James Gundy, Group Chief Executive Officer		Tel +44 (0) 20 3142 4100
Nick Stone, Group Chief Financial Officer
Investec Bank Plc
Gary Clarence / Harry Hargreaves / Alice King		Tel +44 (0) 20 7597 5970
Cenkos Securities plc Ben Jeynes / Max Gould (Corporate Finance) Alex Pollen / Leif Powis (Sales)		Tel +44 (0) 20 7397 8900
Buchanan
Charles Ryland/ Stephanie Whitmore / Jack Devoy		Tel +44 (0) 20 7466 5000

Notes to Editors:

About Braemar

Braemar provides expert advice in shipping investment, chartering, and risk management to enable its clients to secure sustainable returns and mitigate risk in the volatile world of shipping.

Braemar's experienced brokers work in tandem with specialist professionals to form teams tailored to its customers' needs, and provides an integrated service supported by a collaborative culture.

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, please visit www.braemar.com and follow Braemar on LinkedIn.

Details of the person discharging managerial responsibilities / person closely associated

Name

Nick Stone

Reason for the notification

Position/status  

Group Chief Financial Officer

Initial notification /Amendment

Amendment

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 

Name  

Braemar Shipping Services Plc

LEI

213800EV6IKTTHJ83C19

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  

Description of the financial instrument, type of instrument

Identification code  

Ordinary shares of 10p each 

GB0000600931

Nature of the transaction 

Exercise of Save as You Earn ("SAYE") options with an exercise price of 160p per share.

Price(s) and volume(s)

Price(s)	Volume(s)
1.60	4,500

Aggregated information

- Aggregated volume

- Price  

4,500 ordinary shares of 10p each 

£7,200

Date of the transaction  

27 July 2022

Place of the transaction 

Outside of a trading venue

Details of the person discharging managerial responsibilities / person closely associated

Name

Sebastian Davenport-Thomas

Reason for the notification

Position/status  

Global Head of Sale & Purchase, Shipbroking Division 

Initial notification /Amendment

Amendment

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 

Name  

Braemar Shipping Services Plc

LEI

213800EV6IKTTHJ83C19

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  

Description of the financial instrument, type of instrument

Identification code  

Ordinary shares of 10p each 

GB0000600931

Nature of the transaction 

Exercise of Save as You Earn ("SAYE") options with an exercise price of 160p per share.

Price(s) and volume(s)

Price(s)	Volume(s)
1.60	5,625

Aggregated information

- Aggregated volume

- Price  

5,625 ordinary shares of 10p each 

£9,000 

Date of the transaction  

18 July 2022

Place of the transaction 

Outside of a trading venue

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