Director/PDMR Shareholding
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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 18 December 2023, 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") and the exercise of linked options granted under the Company Share Option Plan ("CSOP"), including three persons discharging managerial responsibilities ("PDMRs") of the Company, as follows:
| Director/PDMR | Number of ordinary shares released |
|---|---|
| James Gundy - Group Ch ief Ex ecutive Of ficer | 397,073 |
| Tris Simmonds - Group Ch ief Op erating Of ficer | 34,511 |
| Alistair Borthwick - Group Finance Director | 44,043 |
The CSOP awards carried an exercise price of £1.22 per share. Following the DBP vesting and CSOP exercises, James Gundy sold 397,073 Ordinary Shares, Tris Simmonds sold 34,511 Ordinary Shares, Alistair Borthwick sold 20,486 Ordinary Shares at a price of £2.764811. On 18 December 2023, Tris Simmonds also sold 28,367 shares at a price of £2.764811.
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 Ch ief Ex ecutive Of ficer | 772,165 |
| Tris Simmonds - Group Ch ief Op erating Of ficer | 320,080 |
| Alistair Borthwick - Group Finance Director | 56,448 |
| 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: £2.764811 Volume: 397,073 |
| Aggregated information - Aggregated volume - Price | 397,073 £1,095,485.14 |
| Date of the transaction | 18 December 2023 |
| Place of the transaction | London Stock Exchange (XLON) |
| Description of the financial instrument, type of instrument | Ordinary shares of 10p each |
| Identification code | GB0000600931 |
| Nature of the transaction | Exercise of options granted under the Company Share Option Plan with an exercise price of 122p per share. |
| Price(s) and volume(s) | Price: 122p Volume: 24,650 |
| Aggregated information - Aggregated volume - Price | 24,650 £30,073.00 |
| Date of the transaction | 18 December 2023 |
| 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 |
| Name | Braemar Plc |
| LEI | 213800EV6IKTTHJ83C19 |
| 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: £2.764811 Volume: 34,511 |
| Aggregated information - Aggregated volume - Price | 34,511 £95,081.43 |
| Date of the transaction | 18 December 2023 |
| Place of the transaction | London Stock Exchange (XLON) |
| Description of the financial instrument, type of instrument | Ordinary shares of 10p each |
| Identification code | GB0000600931 |
| Nature of the transaction | Sale of shares |
| Price(s) and volume(s) | Price: £2.764811 Volume: 28,367 |
| Aggregated information - Aggregated volume - Price | 28,367 £78,429.39 |
| Date of the transaction | 18 December 2023 |
| 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 |
| Name | Braemar Plc |
| LEI | 213800EV6IKTTHJ83C19 |
| 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: £2.764811 Volume: 20,486 |
| Aggregated information - Aggregated volume - Price | 20,486 £56,440.68 |
| Date of the transaction | 18 December 2023 |
| Place of the transaction | London Stock Exchange (XLON) |
| Description of the financial instrument, type of instrument | Ordinary shares of 10p each |
| Identification code | GB0000600931 |
| Nature of the transaction | Exercise of options granted under the Company Share Option Plan with an exercise price of 122p per share. |
| Price(s) and volume(s) | Price: 122p Volume: 6,705 |
| Aggregated information - Aggregated volume - Price | 6,705 £8,180.10 |
| Date of the transaction | 18 December 2023 |
| Place of the transaction | London Stock Exchange (XLON) |
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