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On 17 April 2026, Braemar PLC's Group Chief Executive Officer, James Gundy, exercised 218,750 nil cost options granted under the Company's 2020 Long Term Incentive Plan award. To cover tax and national insurance liabilities, Mr. Gundy sold 103,088 shares and retained 115,662 shares, resulting in a total shareholding of 1,139,695 shares, representing 3.4% of the Company's issued share capital.
| Date | 20 Apr 2026 |
| Time | 16:32:21 |
| Category | Director/PDMR dealings |
| ID | 1867B |
20 April 2026
BRAEMAR PLC
("Braemar" the "Company")
PDMR Share Dealing
Braemar Plc (LSE: BMS), a leading provider of expert investment, chartering and risk management advice to the shipping and energy markets, announces that on 17 April 2026, James Gundy, Group Chief Executive Officer, exercised 218,750 nil cost options ("Options") granted under the Company's Long Term Incentive Plan ("LTIP") as set out below:
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LTIP award grant date
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Vesting date |
Two-year holding period end date
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Number of Options exercised |
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24 July 2020 |
24 July 2023 |
24 July 2025 |
218,750
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The 2020 LTIP award vested following the assessment of the applicable performance conditions which were disclosed in the 2023 remuneration report (page 83), this report is available on the Company's website at Financial Reports - Braemar.
The exercise of the Options under the LTIP, has been satisfied through the allocation of existing ordinary shares held by the Braemar Employee Share Ownership Plan; as such, no new ordinary shares have been issued. In order to cover tax and national insurance liabilities arising from the exercise of the Options, James Gundy sold 103,088 shares on 17 April 2026 and retained the balance of 115,662 shares.
Following the above transactions, James Gundy's total shareholding is now 1,139,695 (being 3.4% of the Company's issued share capital).
The notification set out below is 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.
For further information, contact:
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Braemar Plc |
Tel: +44 (0)20 3142 4100 |
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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 / Polly Clarke |
Tel: +44 (0)77 3303 2695 |
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Canaccord Genuity |
Tel: +44 (0) 20 7523 8000 |
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Adam James / Harry Rees |
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Details of the person discharging managerial responsibilities / person closely associated |
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Name |
James Gundy
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Reason for the notification Position/status |
Group Chief Executive Officer
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Initial notification /Amendment |
Initial
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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Name |
Braemar Plc
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LEI |
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
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Ordinary shares of 10 pence each |
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Identification code
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GB0000600931 |
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Nature of the transaction
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Exercise of Options granted under the Company's LTIP in 2020 |
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Price(s) and volume(s) |
Price: £0.00
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Volume: 218,750
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Aggregated information - Price
- Aggregated volume
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Price: £0.00
Volume: 218,750 |
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Date of the transaction |
17 April 2026
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Place of the transaction |
Exercise of Options occurred outside a trading venue
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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
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Ordinary shares of 10 pence each |
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Identification code
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GB0000600931 |
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Nature of the transaction
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Sale of shares to cover tax and national insurance following exercise of Options granted under the Company's LTIP in 2020
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Price(s) and volume(s) |
Price: £2.202792
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Volume: 103,088
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Aggregated information - Price
- Aggregated volume
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Price: £227,081.42
Volume: 103,088 |
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Date of the transaction |
17 April 2026
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Place of the transaction |
London Stock Exchange (XLON)
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Notes to Editors:
About Braemar Plc
Braemar provides expert investment, chartering, and risk management advice to the shipping and energy markets that enable its clients to secure sustainable returns and mitigate risk in the volatile world of shipping and energy. 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.