BRAEMAR PLC

Remuneration Information • Jul 4, 2019

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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 Willcocks	Tel +44 (0) 20 7601 6100
Buchanan
Charles Ryland / Vicky Hayns / Stephanie Watson	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, 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 /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 

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

- Price  

184,210 ordinary shares of 10p each 

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 /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 

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

- Price  

184,210 ordinary shares of 10p each 

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 /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 

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

- Price  

105,263 ordinary shares of 10p each 

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 /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 

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

- Price  

42,105 ordinary shares of 10p each 

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 /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 

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

- Price  

63,157 ordinary shares of 10p each 

Nil

e)

Date of the transaction  

1 July 2019

f)

Place of the transaction 

London Stock Exchange, Main Market

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