BRAEMAR PLC

Director's Dealing • Aug 18, 2020

National Storage Mechanism | Additional information

RNS Number : 4511W

Braemar Shipping Services PLC

18 August 2020

18 August 2020

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, logistics and engineering services to the shipping and energy industries, announces that it was notified on 13 August 2020 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 two PDMRs of the Company, as follows:

Name	Title	Ordinary Shares transferred
James Gundy	CEO, Shipbroking Division	32,581
Peter Wilson	Managing Director, Logistics Division	1,700

The release of the Ordinary Shares occurred on 13 August 2020 following the vesting of nil cost awards under the Company's Deferred Bonus Plan in relation to the year ended 28 February 2017.

In addition to the Ordinary Shares released as noted above, Peter Wilson's award was partly settled in cash in the amount equivalent to 1,231 shares, being the extent needed to cover his liability to income tax and employee national insurance arising in relation to the settlement of his award.

The Company was also notified on 14 August 2020 that James Gundy had exercised on 14 August 2020, the nil cost options awarded to him under the Company's Restricted Share Plan that had vested on 25 July 2020. Following such exercise, the Company shall issue and allot 6,250 Ordinary Shares of 10 pence each in the Company to James Gundy under its existing block listing arrangements.

Following the release of these Ordinary Shares, the total holding of Ordinary Shares of each of James Gundy and Peter Wilson (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	CEO, Shipbroking Division	594,109	1.87
Peter Wilson	Managing Director, Logistics Division	4,250	0.01

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

For further information, contact:

Braemar Shipping Services Plc
Ron Series, Executive Chairman	Tel +44 (0) 20 3142 4100
Nick Stone, Finance Director
Peter Mason, Company Secretary
finnCap
Matt Goode/ James Thompson/ Kate Washington	Tel +44 (0) 20 7220 0500
Buchanan
Charles Ryland / Victoria Hayns / Stephanie Watson / Matilda Abraham	Tel +44 (0) 20 7466 5000

Notes to Editors:

About Braemar Shipping Services Plc

Braemar Shipping Services Plc is a leading international provider of shipbroking, financial advisory, logistics and engineering services principally to the shipping and energy industries.  Founded in 1972, Braemar employs approximately 530 people in 28 offices 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

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 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 award under Deferred Bonus Plan involving acquisition of ordinary shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	32,581

d)

Aggregated information

- Aggregated volume

- Price  

32,581 ordinary shares of 10p each 

Nil

e)

Date of the transaction  

13 August 2020

f)

Place of the transaction 

Outside of a trading venue

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 /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	1,700

d)

Aggregated information

- Aggregated volume

- Price  

1,700 ordinary shares of 10p each 

Nil

e)

Date of the transaction  

13 August 2020

f)

Place of the transaction 

Outside of a trading venue

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 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 

Exercise of options under Restricted Share Plan involving acquisition of ordinary shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	6,250

d)

Aggregated information

- Aggregated volume

- Price  

6,250 ordinary shares of 10p each 

Nil

e)

Date of the transaction  

14 August 2020

f)

Place of the transaction 

Outside of a trading venue

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