Source - RNS
RNS Number : 7747G
Braemar Shipping Services PLC
01 June 2017
 

 

  

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

 

Braemar Shipping Services plc

("Braemar" or the "Company")

 

Employee Share Scheme and PDMR Dealing

 

Braemar Shipping Services plc (LSE: BMS), a leading international provider of broking, consultancy, technical and other services to the shipping, marine, energy, offshore and insurance industries, is pleased to announce that it has launched a Save as You Earn share scheme for all employees (the "SAYE Scheme"). Under the SAYE Scheme, employees have been offered the opportunity to participate in the future growth of the Company through the granting of share options.

 

Eligible employees were invited to subscribe for options over ordinary shares of 10 pence each in the Company ("Ordinary Shares") with an exercise price of 245.04 pence per share, representing a 20% discount to the closing mid-market price of the Ordinary Shares over the three days prior to the invitation to participate which was made on 24 May 2017. The options have a savings contract start date of 1 August 2017 and are exercisable between 1 August 2020 and 1 February 2021.

 

Certain Executive Directors and PDMRs have elected to participate in the scheme as follows:

 

Name

Title

SAYE Share Options Granted

James Kidwell

Group Chief Executive

3,672

Louise Evans

Group Finance Director

3,672

James Gundy

Chief Executive, Shipbroking division

3,672

Kevin Gorman

Managing Director, Logistics division

3,672

 

Non-Executive Directors were not eligible to participate.

 

 

In addition, on 31 May 2017 Braemar granted share awards under the Company's Deferred Bonus Plan.

Awards were made to the following PDMRs in relation to their annual bonus payments in respect of the 2016/2017 financial year, of which a portion was deferred into Company shares which vest in three years from the date of grant:

Name

Title

Deferred share awards granted

James Gundy

Chief Executive, Shipbroking division

32,581

Kevin Gorman

Managing Director, Logistics division

2,000

 

Further details of interests held by Executive Directors and of the Deferred Bonus Plan are disclosed in the Annual Report 2017 which is available on our website www.braemar.com/investors.

For further information, contact:

 

Braemar Shipping Services

 

James Kidwell, Chief Executive

Tel +44 (0) 20 3142 4100

Louise Evans, Finance Director

 

Tel +44 (0) 20 3142 4100

 

 

Stockdale Securities

 

Robert Finlay / Antonio Bossi / Henry Willcocks

 

Tel +44 (0) 20 7601 6100

 

 

Buchanan

 

Charles Ryland / Victoria Hayns / Stephanie Watson

Tel +44 (0) 20 7466 5000

 

 

 

About Braemar Shipping Services plc

Braemar Shipping Services plc is a leading international provider of knowledge and skill-based services to the shipping, marine, energy, offshore and insurance industries. Founded in 1972, Braemar employs approximately 850 people in more than 70 locations worldwide across its Shipbroking, Technical and Logistics 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

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCA") with them.

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

James Kidwell

2

Reason for the notification

a)

 

Position/status

Executive Director

b)

Initial notification  / Amendment

Initial Notification

3

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

a)

 

Name

 

       Braemar Shipping Services plc

b)

 

LEI

 

       N/A

4

 

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

a)

 

Description of the financial instrument, type of instrument

 

Identification code:

 Options over Ordinary shares of 10pence each

 

  ISIN: GB0000600931

b)

 

Nature of the transaction

 

Grant of SAYE Options

 

c)

 

Price(s) and volume(s)

 

 Price(s)

  Volume(s)

245.04p

  3,672

 

d)

 

Aggregated information

 

 

 N/A

e)

 

Date of the transaction

31 May 2017

f)

Place of the transaction

Off market

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

Louise Evans

2

Reason for the notification

a)

 

Position/status

Executive Director

b)

Initial notification  / Amendment

Initial Notification

3

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

a)

 

Name

 

       Braemar Shipping Services plc

b)

 

LEI

 

       N/A

4

 

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

a)

 

Description of the financial instrument, type of instrument

 

Identification code:

 Options over Ordinary shares of 10pence each

 

  ISIN: GB0000600931

b)

 

Nature of the transaction

 

Grant of SAYE Options

c)

 

Price(s) and volume(s)

 

 Price(s)

  Volume(s)

245.04p

  3,672

 

d)

 

Aggregated information

 

 

 N/A

e)

 

Date of the transaction

31 May 2017

f)

Place of the transaction

Off market

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

 James Gundy

2

Reason for the notification

a)

 

Position/status

PDMR

b)

Initial notification  / Amendment

Initial Notification

3

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

a)

 

Name

 

       Braemar Shipping Services plc

b)

 

LEI

 

       N/A

4

 

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

a)

 

Description of the financial instrument, type of instrument

 

Identification code:

 Options over Ordinary shares of 10 pence each

 

  ISIN: GB0000600931

b)

 

Nature of the transaction

 

Grant of SAYE Options

c)

 

Price(s) and volume(s)

 

 Price(s)

  Volume(s)

245.04p

  3,672

 

d)

 

Aggregated information

 

 

 N/A

e)

 

Date of the transaction

31 May 2017

f)

Place of the transaction

Off market

 

 

 

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

Kevin Gorman

2

Reason for the notification

a)

 

Position/status

 

PDMR

b)

Initial notification  / Amendment

Initial Notification

3

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

a)

 

Name

 

       Braemar Shipping Services plc

b)

 

LEI

 

       N/A

4

 

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

a)

 

Description of the financial instrument, type of instrument

 

Identification code:

 Options over Ordinary shares of 10 pence each

 

  ISIN: GB0000600931

b)

 

Nature of the transaction

 

Grant of SAYE Options

c)

 

Price(s) and volume(s)

 

 Price(s)

  Volume(s)

245.04p

  3,672

 

d)

 

Aggregated information

 

 

 N/A

e)

 

Date of the transaction

31 May 2017

f)

Place of the transaction

Off market

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

 James Gundy

2

Reason for the notification

a)

 

Position/status

PDMR

b)

Initial notification  / Amendment

Initial Notification

3

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

a)

 

Name

 

       Braemar Shipping Services plc

b)

 

LEI

 

       N/A

4

 

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

a)

 

Description of the financial instrument, type of instrument

 

Identification code:

 Options over Ordinary shares of 10 pence each

 

  ISIN: GB0000600931

b)

 

Nature of the transaction

 

Grant of deferred share awards

c)

 

Price(s) and volume(s)

 

 Price(s)

  Volume(s)

0.00p

 32,581

 

d)

 

Aggregated information

 

 

 N/A

e)

 

Date of the transaction

31 May 2017

f)

Place of the transaction

Off market

 

 

 

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

Kevin Gorman

2

Reason for the notification

a)

 

Position/status

 

PDMR

b)

Initial notification  / Amendment

Initial Notification

3

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

a)

 

Name

 

       Braemar Shipping Services plc

b)

 

LEI

 

       N/A

4

 

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

a)

 

Description of the financial instrument, type of instrument

 

Identification code:

 Options over Ordinary shares of 10 pence each

 

  ISIN: GB0000600931

b)

 

Nature of the transaction

 

Grant of deferred share awards

c)

 

Price(s) and volume(s)

 

 Price(s)

  Volume(s)

0.00p

  2,000

 

d)

 

Aggregated information

 

 

 N/A

e)

 

Date of the transaction

31 May 2017

f)

Place of the transaction

Off market

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHOKDDKFBKDDPN