Director/PDMR Shareholding

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RNS Number : 7433V

Braemar PLC

09 July 2024

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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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