Grant of Share Incentives to PDMRs
Share incentive awards granted to CEO and CFO under Long-Term Incentive Plan, vesting in July 2028.
- Shares granted to CEO (James Gundy) 231,128
- Shares granted to CFO (Grant Foley) 184,902
- Vesting date 2 July 2028
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Braemar Plc (LSE: BMS), a leading provider of expert investment, chartering, and risk management advice to the shipping and energy markets, announces that the following grants of nil-cost options were made under the Braemar Long-Term Incentive Plan (the "LTIP") over the Company's ordinary shares of 10p to the following Persons Discharging Managerial Responsibility ("PDMRs") on 2 July 2025:
| PDMR | Number of ordinary shares over which options were granted |
|---|---|
| James Gundy - Group Chief Executive Officer | 231,128 |
| Grant Foley - Group Chief Financial & Operating Officer | 184,902 |
In all cases, there is no consideration for the grant of the awards and the exercise price is nil. The awards will vest on 2 July 2028, subject to the rules of the LTIP and the performance criteria being satisfied. The performance criteria is based on the Company's growth in underlying Earnings Per Share ("EPS"), measured over a three-year performance period ending on 29 February 2028. The EPS measure will be adjusted to eliminate 50% of the impact of changes in the USD foreign exchange rate over the three-year performance period. Any shares acquired under such LTIP awards are subject to a further two-year holding period.
Further information on the LTIP is contained in the Company's 2025 Annual Report, published on 29 May 2025.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.