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Braemar Plc granted nil-cost options under its Long-Term Incentive Plan to two Persons Discharging Managerial Responsibility (PDMRs) on 2 July 2025. James Gundy, Group Chief Executive Officer, received options over 231,128 ordinary shares, and Grant Foley, Group Chief Financial & Operating Officer, received options over 184,902 ordinary shares. These awards have an exercise price of nil and are scheduled to vest on 2 July 2028.
| Date | 4 Jul 2025 |
| Time | 14:47:43 |
| Category | Director/PDMR dealings |
| ID | 8637P |
4 July 2025
BRAEMAR PLC
("Braemar" or the "Company")
Grant of Share Incentives to PDMRs
Braemar Plc (LSE: BMS), a leading provider of expert investment, chartering, and risk management advice to the shipping and energy markets, announces that the following grants of nil-cost options were made under the Braemar Long-Term Incentive Plan (the "LTIP") over the Company's ordinary shares of 10p to the following Persons Discharging Managerial Responsibility ("PDMRs") on 2 July 2025:
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PDMR |
Number of ordinary shares over which options were granted |
|
James Gundy - Group Chief Executive Officer |
231,128
|
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Grant Foley - Group Chief Financial & Operating Officer |
184,902
|
In all cases, there is no consideration for the grant of the awards and the exercise price is nil. The awards will vest on 2 July 2028, subject to the rules of the LTIP and the performance criteria being satisfied. The performance criteria is based on the Company's growth in underlying Earnings Per Share ("EPS"), measured over a three-year performance period ending on 29 February 2028. The EPS measure will be adjusted to eliminate 50% of the impact of changes in the USD foreign exchange rate over the three-year performance period. Any shares acquired under such LTIP awards are subject to a further two-year holding period.
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 LTIP is contained in the Company's 2025 Annual Report, published on 29 May 2025.
Enquiries:
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Braemar Plc |
Tel: +44 (0)20 3142 4100 |
|
James Gundy, Group Chief Executive Officer |
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Grant Foley, Group Chief Financial & Operating Officer |
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Rebecca-Joy Wekwete, Company Secretary |
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Houston |
Tel: +44 (0)20 4529 0549 |
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Kate Hoare / Charlie Barker / Ben Robinson |
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Canaccord Genuity |
Tel: +44 (0) 20 7523 8000 |
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Adam James / Harry Rees |
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About Braemar Plc
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. Our experienced brokers work in tandem with specialist professionals to form teams tailored to our customers' needs, and provide 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, visit www.braemar.com and follow Braemar on LinkedIn.
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