TIDMBMS

RNS Number : 2654H

Braemar Shipping Services PLC

25 May 2011

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or the             Braemar Shipping Services PLC 
 underlying issuer of existing shares to 
 which voting rights are attached: 
----------------------------------------  ------------------------------------ 
 2 Reason for the notification (please tick the appropriate box or boxes): 
------------------------------------------------------------------------------ 
 An acquisition or disposal of voting rights 
---------------------------------------------------------------------  ------- 
 An acquisition or disposal of qualifying financial instruments 
  which may result in the acquisition of shares already issued to 
  which voting rights are attached 
---------------------------------------------------------------------  ------- 
 An acquisition or disposal of instruments with similar economic          X 
  effect to qualifying financial instruments 
---------------------------------------------------------------------  ------- 
 An event changing the breakdown of voting rights 
---------------------------------------------------------------------  ------- 
 Other (please specify): 
-------------------------------------------------------------  ------  ------- 
 3. Full name of person(s) subject to      BlackRock UK Emerging Companies 
  the                                                 Hedge Fund 
  notification obligation: 
-------------------------------------  --------------------------------------- 
 4. Full name of shareholder(s) (if 
  different from 3.): 
-------------------------------------  --------------------------------------- 
 5. Date of the transaction and date               19(th) May 2011 
 on which the threshold is crossed or 
 reached: 
-------------------------------------  --------------------------------------- 
 6. Date on which issuer notified:                 24(th) May 2011 
-------------------------------------  --------------------------------------- 
 7. Threshold(s) that is/are crossed          Holding has gone below 3% 
  or 
  reached: 
-------------------------------------  --------------------------------------- 
 
 
 
 8. Notified details: 
--------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
--------------------------------------------------------------------------------------------------------------------------- 
 Class/type of 
 shares if 
 possible        Situation previous 
 using the        to the triggering                      Resulting situation after the triggering 
 ISIN CODE        transaction                             transaction 
--------------  --------------------------------------  ------------------------------------------------------------------- 
                                 Number 
                 Number           of                     Number 
                  of              Voting                 of         Number of voting 
                  Shares          Rights                 shares      rights                     % of voting rights 
--------------  --------------  ----------------------  ---------  --------------------------  ---------------------------- 
                                                         Direct     Direct          Indirect    Direct          Indirect 
--------------   -----  ------  -------  ------  -----  ---------  --------------  ----------  --------------  ------------ 
 GB00B0PPFY88    N/A                      N/A              N/A           N/A           N/A           N/A            N/A 
                --------------  ----------------------  ---------  --------------  ----------  --------------  ------------ 
 
 B: Qualifying Financial Instruments 
--------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------------------------------------------- 
                                                                           Number of voting 
                                                                            rights that may 
                                                                            be 
                                                                            acquired if the 
 Type of financial       Expiration       Exercise/                         instrument is                 % of voting 
  instrument              date             Conversion Period                exercised/ converted.          rights 
----------------------  ---------------  -------------------------------  -----------------------------  ------------------ 
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments 
--------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------------------------------------------- 
 Type of                                          Exercise/         Number of voting 
 financial        Exercise       Expiration        Conversion        rights instrument 
 instrument        price          date             period            refers to                       % of voting rights 
---------------  -------------  ---------------  ----------------  -------------------------------  ----------------------- 
 CFD                                                                632,317                          Nominal     Delta 
---------------  -------------  ---------------  ----------------  -------------------------------  ----------  ----------- 
                                                                                                     2.997%      2.997% 
            --------------------------------------------------------------------------------------  ----------  ----------- 
 
 Total (A+B+C) 
--------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                           Percentage of voting rights 
----------------------------------------------------------------  --------------------------------------------------------- 
 632,317                                                           2.997% 
----------------------------------------------------------------  --------------------------------------------------------- 
 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: 
------------------------------------------------------------------------------ 
 
 
 Proxy Voting: 
------------------------------------------------------------------------------ 
 10. Name of the proxy holder: 
-------------------------------------------------  --------------------------- 
 11. Number of voting rights proxy holder will 
  cease 
  to hold: 
-------------------------------------------------  --------------------------- 
 12. Date on which proxy holder will cease to 
  hold 
  voting rights: 
-------------------------------------------------  --------------------------- 
 
                                         BlackRock International Threshold 
 13. Additional information:              Reporting Team 
--------------------------------------  -------------------------------------- 
 14. Contact name:                       Andrew Manchester 
--------------------------------------  -------------------------------------- 
 15. Contact telephone number:           020 7743 5773 
--------------------------------------  -------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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