BRAEMAR PLC

Director's Dealing • Dec 22, 2022

National Storage Mechanism | Additional information

RNS Number : 6580K

Braemar PLC

22 December 2022

 

22 December 2022

BRAEMAR PLC

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

Director/PDMR Shareholding

Braemar, a leading international Shipbroker and provider of expert advice in shipping investment, chartering and risk management announces that options to acquire ordinary shares of 10p each in the Company ("Ordinary Shares") have been exercised by two persons discharging managerial responsibilities ("PDMRs") of the Company, as follows:

Name	Title	Ordinary shares released
James Gundy	Group Chief Executive Officer	5,625
Alistair Borthwick	Group Finance Director	5,625

The exercise of options occurred in connection with the Company's Save as You Earn scheme ("SAYE") on 21 December 2022 by James Gundy and Alistair Borthwick. Under the terms of the SAYE, the exercise price for the options was £1.60 per Ordinary Share, and the new Ordinary Shares will be allotted and issued under the Company's existing block listing arrangements in early January 2023.

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.

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

For further information, contact:

Braemar 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

James Gundy

Reason for the notification

Position/status  

Group Chief Executive Officer

Initial notification /Amendment

Initial

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

Name  

Braemar 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  

21 December 2022

Place of the transaction 

Outside of a trading venue

Details of the person discharging managerial responsibilities / person closely associated

Name

Alistair Borthwick

Reason for the notification

Position/status  

Group Finance Director 

Initial notification /Amendment

Initial

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

Name  

Braemar 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  

21 December 2022

Place of the transaction 

Outside of a trading venue

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