Braemar PLC Director/PDMR Shareholding (6580K)

TIDMBMS

RNS Number : 6580K

Braemar PLC

22 December 2022

BRAEMAR PLC

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

Director/PDMR Shareholding

Braemar, a leading international Shipbroker and provider of expert advice in shipping investment, chartering and risk management announces that options to acquire ordinary shares of 10p each in the Company ("Ordinary Shares") have been exercised by two persons discharging managerial responsibilities ("PDMRs") of the Company, as follows:

 
Name                 Title                               Ordinary 
                                                      shares released 
-------------------  ------------------------------  ---------------- 
James Gundy          Group Chief Executive Officer        5,625 
Alistair Borthwick   Group Finance Director               5,625

The exercise of options occurred in connection with the Company's Save as You Earn scheme ("SAYE") on 21 December 2022 by James Gundy and Alistair Borthwick. Under the terms of the SAYE, the exercise price for the options was GBP1.60 per Ordinary Share, and the new Ordinary Shares will be allotted and issued under the Company's existing block listing arrangements in early January 2023.

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation, which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

Further information on the SAYE is contained in the Company's 2022 Annual Report.

For further information, contact:

 
 Braemar Plc 
 James Gundy, Group Chief Executive                Tel +44 (0) 20 3142 4100 
  Officer 
 Nick Stone, Group Chief Financial Officer 
 
 Investec Bank Plc 
 Gary Clarence / Harry Hargreaves /                Tel +44 (0) 20 7597 5970 
  Alice King 
 Cenkos Securities plc 
  Ben Jeynes / Max Gould (Corporate Finance)       Tel +44 (0) 20 7397 8900 
  Alex Pollen / Leif Powis (Sales) 
 
   Buchanan 
 Charles Ryland/ Stephanie Whitmore                Tel +44 (0) 20 7466 5000 
  / Jack Devoy

Notes to Editors:

About Braemar

Braemar provides expert advice in shipping investment, chartering, and risk management to enable its clients to secure sustainable returns and mitigate risk in the volatile world of shipping.

Braemar's experienced brokers work in tandem with specialist professionals to form teams tailored to its customers' needs, and provides an integrated service supported by a collaborative culture.

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, please 
 visit www.braemar.com 
 and follow Braemar 
 on LinkedIn . 
 Details of the person discharging managerial responsibilities 
   / person closely associated 
  Name                       James Gundy 
  Reason for the notification 
  Position/status            Group Chief Executive Officer 
  Initial notification       Initial 
   /Amendment 
  Details of the issuer, emission allowance market participant, 
   auction platform, auctioneer or auction monitor 
  Name                       Braemar Plc 
  LEI                        213800EV6IKTTHJ83C19 
  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 
  Description of the         Ordinary shares of 10p each 
   financial instrument, 
   type of instrument 
                              GB0000600931 
   Identification code 
  Nature of the transaction  Exercise of Save as You Earn ("SAYE") 
                              options with an exercise price of 160p 
                              per share. 
  Price(s) and volume(s)     Price(s)  Volume(s) 
                              1.60      5,625 
  Aggregated information 
 
   - Aggregated volume        5,625 ordinary shares of 10p each 
 
   - Price                    GBP9,000 
  Date of the transaction    21 December 2022 
  Place of the transaction   Outside of a trading venue 
 
 
  Details of the person discharging managerial responsibilities 
  / person closely associated 
Name                         Alistair Borthwick 
Reason for the notification 
Position/status              Group Finance Director 
Initial notification         Initial 
 /Amendment 
Details of the issuer, emission allowance market participant, 
 auction platform, auctioneer or auction monitor 
Name                         Braemar Plc 
LEI                          213800EV6IKTTHJ83C19 
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 
Description of the           Ordinary shares of 10p each 
 financial instrument, 
 type of instrument 
                              GB0000600931 
 Identification code 
Nature of the transaction    Exercise of Save as You Earn ("SAYE") 
                              options with an exercise price of 160p 
                              per share. 
Price(s) and volume(s)        Price(s)  Volume(s) 
                               1.60      5,625 
Aggregated information 
 
 - Aggregated volume           5,625 ordinary shares of 10p each 
 
 - Price                       GBP9,000 
Date of the transaction      21 December 2022 
Place of the transaction     Outside of a trading venue

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