Braemar Shipping Services PLC Issue of Shares to Employee Share Ownership Plan (7394C)
June 22 2021 - 9:10AM
UK Regulatory
TIDMBMS
RNS Number : 7394C
Braemar Shipping Services PLC
22 June 2021
22 June 2021
BRAEMAR SHIPPING SERVICES PLC
("Braemar", the "Company" or the "Group")
Issue of Shares to Employee Share Ownership Plan
Braemar (LSE: BMS), a leading international provider of
shipbroking, financial advisory, risk management and logistics
services, announces that application has been made for 227,281 new
ordinary shares of 10p each in the capital of Braemar ('Ordinary
Shares') to be admitted to the Official List of the UK Listing
Authority and to trading on London Stock Exchange's Main Market for
listed securities ('Admission'). It is expected Admission will
become effective and trading will commence at 8.00 a.m. on 28 June
2021. The new Ordinary Shares will rank pari passu with the
existing Ordinary Shares of the Company.
The new Ordinary Shares have been allotted to the Company's
Employee Share Ownership Plan to be used to satisfy share awards
under the Company's employee incentive schemes (including the
Braemar Shipping Services Plc Long-Term Incentive Plan; the Braemar
Shipping Services Plc Restricted Share Plan and the Braemar
Shipping Services Plc 2010 Company Share Option Plan).
Following Admission, the Company's issued share capital will
comprise 31,974,899 Ordinary Shares, which figure may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the FCA's Disclosure and Transparency Rules. The
Company does not hold any shares in treasury.
For further information, contact:
Braemar Shipping Services
James Gundy, Group Chief Executive Officer Tel +44 (0) 20
3142 4100
Nick Stone, Group Chief Operating Officer &
Finance Director
Peter Mason, Company Secretary
finnCap
Matt Goode / James Thompson Tel +44 (0) 20
7220 0500
Buchanan
Charles Ryland / Victoria Hayns / Stephanie Tel +44 (0) 20
Watson / Matilda Abraham 7466 5000
Notes to Editors:
About Braemar Shipping Services Plc
Braemar is a leading international Shipbroker and provider of
expert advice in shipping investment, chartering and risk
management. Braemar employs approximately 520 people in 30 offices
worldwide across its Shipbroking, Financial and Logistics
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
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END
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