BRAEMAR PLC

Remuneration Information • Jul 13, 2020

National Storage Mechanism | Additional information

RNS Number : 8714S

Braemar Shipping Services PLC

13 July 2020

BRAEMAR SHIPPING SERVICES PLC

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

13 July 2020

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 has granted the following awards over ordinary shares of 10p each in the Company ("Ordinary Shares") under the Company's Deferred Bonus Plan (the "DBP") on 9 July 2020 to certain Persons Discharging Managerial Responsibilities ("PDMRs") of the Company in relation to the individuals' annual bonuses in respect of the 2019/2020 financial year:

James Gundy, CEO, Shipbroking - 386,195

Peter Mason, General Counsel & Company Secretary - 24,650

Nicholas Stone, Group Finance Director & Group Chief Operating Officer - 28,245

These awards will ordinarily vest in three years from the date of grant in accordance with the rules of the DBP.

Nicholas Stone and James Gundy have also been given corresponding options under the Company Share Option Plan ("CSOP") over 24,650 Ordinary Shares each, which will vest on the same date as the DBP awards above.  The exercise price for the options is £1.22 per share, which is the average of the middle-market quotations of the Ordinary Shares over the three days immediately preceding the grant date.  The number of shares in respect of which the DBP award will vest will be reduced to take account of any gain in value, as at exercise, of the CSOP options.

Further information on the DBP and the CSOP is contained in the Company's 2020 Annual Report.

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

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.

The notification below, made in accordance with requirements of the EU Market Abuse Regulation, provides further details.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

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 deferred share award over ordinary shares of 10p each pursuant to the Company's Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	386,195 shares

d)

Aggregated information

- Aggregated volume

- Price  

386,195 ordinary shares of 10p each 

Nil

e)

Date of the transaction  

9 July 2020

f)

Place of the transaction 

Outside of a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Nicholas Stone

2

Reason for the notification

a)

Position/status  

Group Finance Director & Group Chief Operating 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 

Grant of deferred share award over ordinary shares of 10p each pursuant to the Company's Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	28,245 shares

d)

Aggregated information

- Aggregated volume

- Price  

28,245 ordinary shares of 10p each 

Nil

e)

Date of the transaction  

9 July 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 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 deferred share award over ordinary shares of 10p each pursuant to the Company's Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	24,650 shares

d)

Aggregated information

- Aggregated volume

- Price  

24,650 ordinary shares of 10p each 

Nil

e)

Date of the transaction  

9 July 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

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 options over ordinary shares of 10p each pursuant to the Company Share Option Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
122p	24,650 shares

d)

Aggregated information

- Aggregated volume

- Price  

24,650 ordinary shares of 10p each 

122p

e)

Date of the transaction  

9 July 2020

f)

Place of the transaction 

Outside of a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Nicholas Stone

2

Reason for the notification

a)

Position/status  

Group Finance Director & Group Chief Operating 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 

Grant of options over ordinary shares of 10p each pursuant to the Company Share Option Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
122p	24,650 shares

d)

Aggregated information

- Aggregated volume

- Price  

24,650 ordinary shares of 10p each 

122p

e)

Date of the transaction  

9 July 2020

f)

Place of the transaction 

Outside of a trading venue

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