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 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 Ch ief Ex ecutive Of ficer | 169,925 |
| Tris Simmonds - Group Ch ief Op erating Of ficer | 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 Ch ief Ex ecutive Of ficer | 868,534 |
| Tris Simmonds - Group Ch ief Op erating Of ficer | 333,970 |
| Alistair Borthwick - Group Finance Director | 66,369 |
Further information on the DBP is contained in the Company's 2024 Annual Report, published on 23 May 2024.
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 |
| 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: £2.997 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 |
| 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: £2.997 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 |
| 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: £2.997 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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