Director/PDMR Shareholding
Braemar Plc announced that on April 17, 2026, Group Chief Executive Officer James Gundy exercised 218,750 nil cost options granted under the Company's Long Term Incentive Plan. These options, granted in 2020, vested after performance conditions were met. To cover tax liabilities, Gundy sold 103,088 shares at £2.202792 each, retaining 115,662 shares. Following these transactions, Gundy's total shareholding is 1,139,695, representing 3.4% of the company's issued share capital. No new ordinary shares were issued as the exercise was satisfied by existing shares held in the employee share ownership plan.
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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 on 17 April 2026, James Gundy, Group Chief Executive Officer, exercised 218,750 nil cost options ("Options") granted under the Company's Long Term Incentive Plan ("LTIP") as set out below:
| LTIP award grant date | Vesting date | Two-year holding period end date | Number of Options exercised |
|---|---|---|---|
| 24 July 2020 | 24 July 2023 | 24 July 2025 | 218,750 |
The 2020 LTIP award vested following the assessment of the applicable performance conditions which were disclosed in the 2023 remuneration report (page 83), this report is available on the Company's website at Financial Reports - Braemar.
The exercise of the Options under the LTIP, has been satisfied through the allocation of existing ordinary shares held by the Braemar Employee Share Ownership Plan; as such, no new ordinary shares have been issued. In order to cover tax and national insurance liabilities arising from the exercise of the Options, James Gundy sold 103,088 shares on 17 April 2026 and retained the balance of 115,662 shares.
Following the above transactions, James Gundy's total shareholding is now 1,139,695 (being 3.4% of the Company's issued share capital).
| Description of the financial instrument, type of instrument | Ordinary shares of 10 pence each | |
| Identification code | GB0000600931 | |
| Nature of the transaction | Exercise of Options granted under the Company's LTIP in 2020 | |
| Price(s) and volume(s) | Price: £0.00 | Volume: 218,750 |
| Aggregated information - Price - Aggregated volume | Price: £ 0.00 Volume: 218,750 | |
| Date of the transaction | 17 April 2026 | |
| Place of the transaction | Exercise of Options occurred outside a trading venue | |
| Description of the financial instrument, type of instrument | Ordinary shares of 10 pence each | |
| Identification code | GB0000600931 | |
| Nature of the transaction | Sale of shares to cover tax and national insurance following exercise of Options granted under the Company's LTIP in 2020 | |
| Price(s) and volume(s) | Price: £2.202792 | Volume: 103,088 |
| Aggregated information - Price - Aggregated volume | Price: £227,081.42 Volume: 103,088 | |
| Date of the transaction | 17 April 2026 | |
| Place of the transaction | London Stock Exchange ( XLON) |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.