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Braemar Shipping Services PLC issued a correction on 13 September 2022 to its Director/PDMR Shareholding announcement from 8 September 2022. The correct dates for the exercise of Save as You Earn (SAYE) options were 27 July 2022 for Nick Stone and 18 July 2022 for Sebastian Davenport-Thomas, revising the previously stated 16 August 2022 and 1 August 2022, respectively. Nick Stone exercised 4,500 shares for £7,200, and Sebastian Davenport-Thomas exercised 5,625 shares for £9,000, both at an exercise price of 160p per share.
| Date | 13 Sept 2022 |
| Time | 16:01:16 |
| Category | Director/PDMR dealings |
| ID | 3227Z |
13 September 2022
BRAEMAR SHIPPING SERVICES PLC
("Braemar", the "Company" or the "Group")
Director/PDMR Shareholding - Correction
The Company notifies a correction to the Director/PDMR Shareholding announcement released by the Company on 8 September 2022 with RNS Number 7434Y (the "Announcement").
The relevant dates for the exercises of options by Nick Stone and Sebastian Davenport-Thomas under the Company's Save as You Earn scheme ("SAYE") were incorrectly stated in the Announcement as 16 August 2022 and 1 August 2022 respectively. The correct dates of exercise were 27 July 2022 and 18 July 2022 respectively.
All other details remain as previously announced. The full amended notifications (reflecting the correct exercise dates) are set out below 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:
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Braemar Shipping Services Plc |
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James Gundy, Group Chief Executive Officer |
Tel +44 (0) 20 3142 4100 |
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Nick Stone, Group Chief Financial Officer |
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Investec Bank Plc |
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Gary Clarence / Harry Hargreaves / Alice King |
Tel +44 (0) 20 7597 5970
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Cenkos Securities plc Ben Jeynes / Max Gould (Corporate Finance) Alex Pollen / Leif Powis (Sales) |
Tel +44 (0) 20 7397 8900 |
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Buchanan |
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Charles Ryland/ Stephanie Whitmore / Jack Devoy |
Tel +44 (0) 20 7466 5000 |
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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
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Name
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Sebastian Davenport-Thomas
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Reason for the notification
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Position/status
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Global Head of Sale & Purchase, Shipbroking Division |
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Initial notification /Amendment
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Amendment |
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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Name
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Braemar Shipping Services Plc |
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LEI
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213800EV6IKTTHJ83C19 |
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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 |
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Description of the financial instrument, type of instrument
Identification code
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Ordinary shares of 10p each
GB0000600931 |
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Nature of the transaction
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Exercise of Save as You Earn ("SAYE") options with an exercise price of 160p per share. |
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Price(s) and volume(s)
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Aggregated information
- Aggregated volume
- Price
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5,625 ordinary shares of 10p each
£9,000 |
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Date of the transaction
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18 July 2022 |
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Place of the transaction
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Outside of a trading venue
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