Director/PDMR Shareholding
June 24 2010 - 12:08PM
UK Regulatory
TIDMBMS
RNS Number : 2187O
Braemar Shipping Services PLC
24 June 2010
Braemar Shipping Services plc (the "Company")
Director / PDMR Shareholding
The Company announces that on 18 June 2010 the Company's Remuneration Committee
granted the below listed awards of ordinary shares to each of Alan Marsh, James
Kidwell, Quentin Soanes and Denis Petropoulos, all executive directors of the
Company under the Company's Long Term Incentive Plan (LTIP).
+-------------+--------+
| Director | LTIP |
| | award |
+-------------+--------+
| A.R.W. | 75,000 |
| Marsh | |
+-------------+--------+
| J.R.V. | 40,000 |
| Kidwell | |
+-------------+--------+
| Q.B. | 47,500 |
| Soanes | |
+-------------+--------+
| D. | 33,644 |
| Petropoulos | |
+-------------+--------+
The awards have been made at nil cost and will vest over a period of three years
provided certain performance criteria have been fulfilled. The performance
conditions applied to the awards are based on the Company's earnings per share
over a period of three years.
Following these awards under the LTIP the executive directors have the following
interest in ordinary shares subject to options, held and granted under the 1997
Scheme, the SAYE Scheme and the LTIP as set out below:
+-------------+--------+-------+----------+----------+-------------+---------+
| Director | Scheme | Date | Number | Exercise | Date | Date |
| | | of | of | price | options | options |
| | | Grant | ordinary | (p) | exercisable | expire |
| | | | shares | | | |
| | | | under | | | |
| | | | option | | | |
| | | | | | | |
+-------------+--------+-------+----------+----------+-------------+---------+
| A.R.W. | SAYE | 1 | 4,887 | 196.4 | 1 | 1 |
| Marsh | | Feb | | | Feb | July |
| | | 09 | | | 12 | 12 |
+-------------+--------+-------+----------+----------+-------------+---------+
| | LTIP | 11 | 20,000 | - | 11 | 11 |
| | | May | | | May | May |
| | | 07 | | | 10 | 17 |
+-------------+--------+-------+----------+----------+-------------+---------+
| | LTIP | 18 | 75,000 | - | 18 | 18 |
| | | June | | | June | June |
| | | 10 | | | 13 | 20 |
+-------------+--------+-------+----------+----------+-------------+---------+
| | | | 99,887 | | | |
+-------------+--------+-------+----------+----------+-------------+---------+
| | | | | | | |
+-------------+--------+-------+----------+----------+-------------+---------+
| J.R.V. | SAYE | 1 | 4,887 | 196.4 | 1 | 1 |
| Kidwell | | Feb | | | Feb | July |
| | | 09 | | | 12 | 12 |
+-------------+--------+-------+----------+----------+-------------+---------+
| | LTIP | 11 | 20,000 | - | 11 | 11 |
| | | May | | | May | May |
| | | 07 | | | 10 | 17 |
+-------------+--------+-------+----------+----------+-------------+---------+
| | LTIP | 18 | 40,000 | - | 18 | 18 |
| | | June | | | June | June |
| | | 10 | | | 13 | 20 |
+-------------+--------+-------+----------+----------+-------------+---------+
| | | | 64,887 | | | |
+-------------+--------+-------+----------+----------+-------------+---------+
| | | | | | | |
+-------------+--------+-------+----------+----------+-------------+---------+
| Q.B. | SAYE | 1 | 4,887 | 196.4 | 1 | 1 |
| Soanes | | Feb | | | Feb | July |
| | | 09 | | | 12 | 12 |
+-------------+--------+-------+----------+----------+-------------+---------+
| | LTIP | 11 | 20,000 | - | 11 | 11 |
| | | May | | | May | May |
| | | 07 | | | 10 | 17 |
+-------------+--------+-------+----------+----------+-------------+---------+
| | LTIP | 18 | 47,500 | - | 18 | 18 |
| | | June | | | June | June |
| | | 10 | | | 13 | 20 |
+-------------+--------+-------+----------+----------+-------------+---------+
| | | | 72,387 | | | |
+-------------+--------+-------+----------+----------+-------------+---------+
| | | | | | | |
+-------------+--------+-------+----------+----------+-------------+---------+
| D. | SAYE | 1 | 4,887 | 196.4 | 1 | 1 |
| Petropoulos | | Feb | | | Feb | July |
| | | 09 | | | 12 | 12 |
+-------------+--------+-------+----------+----------+-------------+---------+
| | LTIP | 11 | 20,000 | - | 11 | 11 |
| | | May | | | May | May |
| | | 07 | | | 10 | 17 |
+-------------+--------+-------+----------+----------+-------------+---------+
| | LTIP | 18 | 33,644 | - | 18 | 18 |
| | | June | | | June | June |
| | | 10 | | | 13 | 20 |
+-------------+--------+-------+----------+----------+-------------+---------+
| | | | 58,531 | | | |
+-------------+--------+-------+----------+----------+-------------+---------+
24 June 2010
For further information, contact:
+---------------------------+-----------------+
| Braemar Shipping Services | |
| plc | |
+---------------------------+-----------------+
| James Kidwell | Tel 020 7535 |
| | 2881 |
| | |
+---------------------------+-----------------+
| Charles Stanley | |
| Securities | |
+---------------------------+-----------------+
| Mark Taylor / Carl Holmes | Tel 020 7149 |
| | 6000 |
+---------------------------+-----------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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