Director/PDMR Shareholding

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Regulatory News | 09 Jul, 2024

RNS Number : 7433V
Braemar PLC
09 July 2024
 

 

9 July 2024

BRAEMAR PLC

("Braemar" or the "Company")

 

Director/PDMR Shareholding

Braemar Plc (LSE: BMS), a leading international shipbroker and provider of expert investment, chartering, and risk management advice to the shipping and energy markets announces the following Director/PDMR share dealing transactions:

On 8 July 2024, the trustee of the Braemar Employee Share Ownership Plan approved the release of ordinary shares of 10p each in the Company ("Ordinary Shares") to certain employees of Braemar following the vesting of share awards granted under the Company's Deferred Bonus Plan ("DBP"), including three persons discharging managerial responsibilities ("PDMRs") of the Company, as follows:

Director/PDMR

Number of ordinary shares released

James Gundy - Group Chief Executive Officer

169,925

Tris Simmonds - Group Chief Operating Officer

26,315

Alistair Borthwick - Group Finance Director

18,796

 

Following the above DBP vesting, James Gundy sold 80,156 Ordinary Shares, Tris Simmonds sold 12,425 Ordinary Shares and Alistair Borthwick sold 8,875 Ordinary Shares, in each case being the amount equivalent to cover their liability to income tax and employee national insurance arising in relation to the settlement of their awards and at a price of £2.997.

 

Following the above transactions, the total holding of Ordinary Shares of each of James Gundy, Tris Simmonds and Alistair Borthwick (including those of persons closely associated with them) will be as follows:

 

PDMR

Total number of Ordinary Shares

James Gundy - Group Chief Executive Officer

868,534

Tris Simmonds - Group Chief Operating Officer

333,970

Alistair Borthwick - Group Finance Director

66,369

 

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 DBP is contained in the Company's 2024 Annual Report, published on 23 May 2024.

 

ENDS

 

For further information, contact:

 

Braemar Plc


James Gundy, Group Chief Executive Officer

Tel +44 (0) 20 3142 4100

Grant Foley, Group Chief Financial Officer


Rebecca-Joy Wekwete, Company Secretary


 


Burson Buchanan


Charles Ryland / Stephanie Whitmore / Jack Devoy / Abby Gilchrist

Tel +44 (0) 20 7466 5000



Investec Bank plc


Gary Clarence / Alice King

Tel +44 (0) 20 7597 5970



Cavendish Capital Markets Limited

Ben Jeynes / Matt Lewis (Corporate Finance)

Leif Powis / Dale Bellis / Charlie Combe (Sales & ECM)

 

Tel +44 (0) 20 7220 0500



 

Notes to Editors:

 

About Braemar Plc


Braemar provides expert investment, chartering, and risk management advice 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.

 


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 /Amendment

Initial

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 financial instrument, type of instrument

Ordinary shares of 10p each 

Identification code  

GB0000600931


Nature of the transaction 


Sale of shares acquired from the vesting of share awards granted under the Braemar Plc Deferred Bonus Plan

Price(s) and volume(s)

Price:  £2.997

Volume: 80,156

Aggregated information

 - Aggregated volume

- Price  

 

80,156

£240,227.53


Date of the transaction  


8 July 2024


Place of the transaction 


London Stock Exchange (XLON)

 

Details of the person discharging managerial responsibilities / person closely associated

Name

Tris Simmonds

Reason for the notification

Position/status  

Group Chief Operations Officer

Initial notification /Amendment

Initial

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 financial instrument, type of instrument

Ordinary shares of 10p each 

Identification code  

GB0000600931


Nature of the transaction 


Sale of shares acquired from the vesting of share awards granted under the Braemar Plc Deferred Bonus Plan

Price(s) and volume(s)

 

Price: £2.997

Volume: 12,425

Aggregated information

 - Aggregated volume

- Price  

 

12,425

£37,237.73

Date of the transaction  

8 July 2024


Place of the transaction 


London Stock Exchange (XLON)

 

Details of the person discharging managerial responsibilities / person closely associated

Name

Alistair Borthwick 

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 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

Ordinary shares of 10p each 

Identification code  

GB0000600931


Nature of the transaction 


Sale of shares acquired from the vesting of share awards granted under the Braemar Plc Deferred Bonus Plan

Price(s) and volume(s)

Price: £2.997

Volume: 8,875

Aggregated information

 - Aggregated volume

- Price  

 

8,875

£26,598.38

Date of the transaction  

8 July 2024


Place of the transaction 


London Stock Exchange (XLON)

 

 

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