Braemar Shipping Services PLC Director/PDMR Shareholding (9502C)

TIDMBMS

RNS Number : 9502C

Braemar Shipping Services PLC

20 June 2019

BRAEMAR SHIPPING SERVICES PLC

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

20 June 2019

Director / PDMR Shareholding

Braemar Shipping Services plc (LSE:BMS), a leading international provider of broking, financial, consultancy, technical and logistics services to the shipping, marine, energy, offshore and insurance industries, announces that it granted an award of 194,000 ordinary shares of 10p each in the Company ("Ordinary Shares") to James Gundy, a PDMR of the Company, under the Company's Deferred Bonus Plan (the "DBP") on 17 June 2019. This award was in relation to James Gundy's annual bonus payment in respect of the 2018/19 financial year, of which a portion was deferred into Ordinary Shares that vest in three years from the date of grant in accordance with the rules of the DBP. Further information on the DBP 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   Tel +44 (0) 20 7601 6100 
   Willcocks 
 
 Buchanan 
  Charles Ryland / Stephanie Watson /     Tel +44 (0) 20 7466 5000 
   Matilda Abraham

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 750 people in more than 60 locations (although this will fall by around 250 people and 30 locations following the announced disposal of the Technical business units) worldwide across its Shipbroking, Financial, Logistics and Technical 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

 
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       Initial 
     /Amendment 
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         Ordinary shares of 10p each 
     financial instrument, 
     type of instrument 
 
     Identification code        GB0000600931 
b)  Nature of the transaction  Grant of deferred share award of ordinary 
                                shares of 10p each pursuant to the 
                                Company's Deferred Bonus Plan 
c)  Price(s) and volume(s)      Price(s)  Volume(s) 
 
                                  Nil       194,000 shares 
d)  Aggregated information 
 
     - Aggregated volume         194,000 ordinary shares of 10p each 
 
     - Price                     Nil 
e)  Date of the transaction    17 June 2019 
f)  Place of the transaction   London Stock Exchange, Main Market

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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