Braemar Shipping Services PLC Director/PDMR Shareholding (9981B)
June 22 2016 - 10:25AM
UK Regulatory
TIDMBMS
RNS Number : 9981B
Braemar Shipping Services PLC
22 June 2016
22 June 2016
BRAEMAR SHIPPING SERVICES PLC
("Braemar" or the "Company")
Director / PDMR Shareholding
Braemar Shipping Services PLC (LSE: BMS), a leading
international provider of knowledge and skills-based services to
the shipping, marine, energy, offshore and insurance industries
announces that the Company was informed on 21 June 2016 that on 20
June 2016 the trustee of the Employee Share Ownership Plan ("ESOP")
released 17,440 ordinary shares of 10 pence each in the Company
("Shares") to James Kidwell, Chief Executive of the Company.
The release of the Shares was made following the vesting, on 14
May 2016, of the Shares awarded to James Kidwell at nil cost under
the Company's Deferred Bonus Plan in relation to the year ended 28
February 2013.
James Kidwell elected to have 7,848 Shares withheld by the ESOP
in order to satisfy the tax liability arising over the vesting of
this award. Accordingly, the trustee transferred 9,592 Shares to
James Kidwell.
Following this announcement, James Kidwell holds 124,217 Shares,
equivalent to 0.4% of the Company's issued ordinary share
capital.
22 June 2016
For further information please contact:
Braemar Shipping Services
James Kidwell, Chief Executive Tel +44 (0) 20 3142
4100
Louise Evans, Finance Director
Stockdale Securities
Robert Finlay / Antonio Tel +44 (0) 20 7601
Bossi / Richard Johnson 6100
/ Henry Willcocks
Buchanan
Charles Ryland Tel +44 (0) 20 7466
Victoria Watkins 5000
Stephanie Watson
Notes to Editors:
About Braemar Shipping Services plc
Braemar Shipping Services plc is a leading international
provider of knowledge and skill-based services to the shipping,
marine, energy, offshore and insurance industries. Founded in 1972,
Braemar employs approximately 1,000 people in more than 70
locations worldwide across its Shipbroking, Technical and Logistics
divisions. In July 2014 Braemar merged with ACM Shipping Group
PLC.
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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