TIDMBMS
RNS Number : 6322S
Braemar Shipping Services PLC
26 June 2018
26 June 2018
BRAEMAR SHIPPING SERVICES PLC
("Braemar", the "Company" or the "Group")
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 share
awards to certain PDMRs of the Company on 22 June 2018, as
follows:
Long Term Incentive Plan ("LTIP")
113,606 awards to James Kidwell in respect of the awards that
were to be granted last year, but were not due to regulatory
restrictions. These awards are nil cost options to acquire ordinary
shares of 10p each in the Company ("Ordinary Shares") and will vest
in two years subject to certain performance criteria based on the
Company's earnings per share.
A further 127,120 awards were made to James Kidwell, and 90,800
awards were made to Grant Smith, in respect of this year. These
awards are nil cost options to acquire Ordinary Shares and will
vest in three years subject to certain performance criteria based
on the Company's earnings per share and, in the case of Grant
Smith, the Technical division's underlying operating profit
performance.
Further information in relation to the LTIP is contained in the
Company's 2018 Annual Report.
Deferred Bonus Plan ("DBP")
The following awards of Ordinary Shares were made in relation to
the individual's annual bonus payments in respect of the 2017/2018
financial year, of which a portion was deferred into Ordinary
Shares that vest in three years from the date of grant:
Louise Evans - 16,344
James Gundy - 38,354
James Kidwell - 21,186
Further information in relation to the DBP is contained in the
Company's 2018 Annual Report.
For further information, please contact:
Braemar Shipping Services plc
James Kidwell, Chief Executive Tel +44 (0) 20 3142 4100
Peter Mason, Company Secretary Tel +44 (0) 20 3142 4100
Stockdale Securities
Robert Finlay / Antonio Bossi / Tel +44 (0) 20 7601 6100
Henry Willcocks
Buchanan
Charles Ryland / Stephanie Watson Tel +44 (0) 20 7466 5000
/ Tilly 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 800 people in more than 70 locations
worldwide across its Shipbroking, Technical, Logistics and
Financial 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 presentations,
visit www.braemar.com.
The notifications set out below are provided in accordance with
the requirements of the EU Market Abuse Regulation.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name James Kidwell
2 Reason for the notification
a) Position/status CEO
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
GB0000600931
Identification code
b) Nature of the transaction Grant of LTIP awards of nil cost options
over ordinary shares of 10p each and
a deferred share award of ordinary
shares of 10p each pursuant to the
Company's Deferred Bonus Plan
c) Price(s) and volume(s) Transaction Price(s) Volume(s)
LTIP Nil 240,726 shares
DBP Nil 21,186 shares
d) Aggregated information
- Aggregated volume 261,912 ordinary shares of 10p each
- Price Nil
e) Date of the transaction 22 June 2018
f) Place of the transaction London Stock Exchange, Main Market
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Grant Smith
2 Reason for the notification
a) Position/status Managing Director, Technical Division
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
GB0000600931
Identification code
b) Nature of the transaction Grant of LTIP awards of nil cost options
over ordinary shares of 10p each
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 90,800 shares
d) Aggregated information
- Aggregated volume 90,800 ordinary shares of 10p each
- Price Nil
e) Date of the transaction 22 June 2018
f) Place of the transaction London Stock Exchange, Main Market
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
GB0000600931
Identification code
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 38,354 shares
d) Aggregated information
- Aggregated volume 38,354 ordinary shares of 10p each
- Price Nil
e) Date of the transaction 22 June 2018
f) Place of the transaction London Stock Exchange, Main Market
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Louise Evans
2 Reason for the notification
a) Position/status Group Finance Director
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
GB0000600931
Identification code
b) Nature of the transaction Grant of a 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 16,344 shares
d) Aggregated information
- Aggregated volume 16,344 ordinary shares of 10p each
- Price Nil
e) Date of the transaction 22 June 2018
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
DSHFKADNDBKDAAB
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June 26, 2018 07:38 ET (11:38 GMT)
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