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Employee Share Scheme & Director/PDMR Shareholding

RNS Announcement

RNS Number : 8601E

Braemar Shipping Services PLC

08 July 2019

8 July 2019

BRAEMAR SHIPPING SERVICES PLC

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

Employee Share Scheme and Director / PDMR Shareholding

Braemar Shipping Services plc (LSE:BMS), a leading international provider of shipbroking, financial advisory, port and marine consulting services principally to the shipping and energy industries, is pleased to announce the grant, on 5 July 2019, of options to certain of its employees under its Save as You Earn scheme (the "SAYE Scheme").

Eligible employees were invited to subscribe for a limited number of options over ordinary shares of 10 pence each in the Company ("Ordinary Shares") through a monthly subscription limited to £250 per employee per month, commencing on 1 August 2019 for 36 months. The options have an exercise price of 160 pence per Ordinary Share, representing a 20% discount to the middle market quotations of the Ordinary Shares over the three days immediately preceding the invitation to participate on 14 June 2019, and are exercisable from 1 August 2022.

The following PDMRs of the Company have elected to participate in the SAYE Scheme as follows:

Name	Title	SAYE Share Options Granted
James Gundy	CEO, Shipbroking	5,625
Nick Stone	Group Finance Director	5,625
Peter Mason	General Counsel & Company Secretary	5,625

Director / PDMR Shareholding

In addition, Braemar is pleased to announce that Steve Kunzer, a non-executive director of the Company, bought 10,000 Ordinary Shares at 179.75 pence per Ordinary Share on 5 July 2019, following which his total holding of Ordinary Shares (including those of persons closely associated with him) is 10,000, representing approximately 0.03% of the Company's issued share capital.

For further information, contact:

Braemar Shipping Services
James Kidwell, Chief Executive	Tel +44 (0) 20 3142 4100
Nick Stone, Finance Director
Peter Mason, Company Secretary
Shore Capital
Robert Finlay / Antonio Bossi / Henry Willcocks	Tel +44 (0) 20 7601 6100
Buchanan
Charles Ryland / Vicky Hayns / Stephanie Watson	Tel +44 (0) 20 7466 5000

Notes to Editors:

About Braemar Shipping Services plc

Braemar Shipping Services plc is a leading international provider of shipbroking, financial advisory, port and marine consulting services principally to the shipping and energy industries. Founded in 1972, Braemar employs approximately 530 people in 30 locations worldwide across its Shipbroking, Financial, Logistics and Engineering 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

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

Details of the person discharging managerial responsibilities / person closely associated

Name

James Gundy

Reason for the notification

Position/status

CEO, Shipbroking

Initial notification /Amendment

Initial

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Braemar Shipping Services 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 financial instrument, type of instrument

Identification code

Options over ordinary shares of 10p each

GB0000600931

Nature of the transaction

Grant of options over ordinary shares of 10p each under SAYE Scheme

Price(s) and volume(s)

Transaction	Price(s)	Volume(s)
SAYE option	160p	5,625

Aggregated information

- Aggregated volume

- Price

Options over 5,625 ordinary shares of 10p each

N/A

Date of the transaction

5 July 2019

Place of the transaction

London Stock Exchange, Main Market

Details of the person discharging managerial responsibilities / person closely associated

Name

Nick Stone

Reason for the notification

Position/status

Group Finance Director

Initial notification /Amendment

Initial

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Braemar Shipping Services 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 financial instrument, type of instrument

Identification code

Options over ordinary shares of 10p each

GB0000600931

Nature of the transaction

Grant of options over ordinary shares of 10p each under SAYE Scheme

Price(s) and volume(s)

Transaction	Price(s)	Volume(s)
SAYE option	160p	5,625

Aggregated information

- Aggregated volume

- Price

Options over 5,625 ordinary shares of 10p each

N/A

Date of the transaction

5 July 2019

Place of the transaction

London Stock Exchange, Main Market

Details of the person discharging managerial responsibilities / person closely associated

Name

Peter Mason

Reason for the notification

Position/status

General Counsel & Company Secretary

Initial notification /Amendment

Initial

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Braemar Shipping Services 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 financial instrument, type of instrument

Identification code

Options over ordinary shares of 10p each

GB0000600931

Nature of the transaction

Grant of options over ordinary shares of 10p each under SAYE Scheme

Price(s) and volume(s)

Transaction	Price(s)	Volume(s)
SAYE option	160p	5,625

Aggregated information

- Aggregated volume

- Price

Options over 5,625 ordinary shares of 10p each

N/A

Date of the transaction

5 July 2019

Place of the transaction

London Stock Exchange, Main Market

Details of the person discharging managerial responsibilities / person closely associated

Name

Steve Kunzer

Reason for the notification

Position/status

Non-executive Director

Initial notification /Amendment

Initial

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Braemar Shipping Services 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 financial instrument, type of instrument

Identification code

Ordinary shares of 10p each

GB0000600931

Nature of the transaction

Acquisition

Price(s) and volume(s)

Price(s)	Volume(s)
179.75p	10,000

Aggregated information

- Aggregated volume

- Price

10,000 ordinary shares of 10p each

£17,975

Date of the transaction

5 July 2019

Place of the transaction

London Stock Exchange, Main Market

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

END

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RNS metadata

Title: Employee Share Scheme & Director/PDMR Shareholding
Time: 19:04:43
Date: 8 Jul 2019
Category: Director/PDMR dealings
ID: 8601E