9 July 2024
BRAEMAR PLC
("Braemar" or the "Company")
Director/PDMR Shareholding
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 Chief Executive Officer | 169,925 |
| Tris Simmonds - Group Chief Operating Officer | 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 Chief Executive Officer | 868,534 |
| Tris Simmonds - Group Chief Operating Officer | 333,970 |
| Alistair Borthwick - Group Finance Director | 66,369 |
The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation, which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.
Further information on the DBP is contained in the Company's 2024 Annual Report, published on 23 May 2024.
ENDS
For further information, contact:
| Braemar Plc | |
| James Gundy, Group Chief Executive Officer | Tel +44 (0) 20 3142 4100 |
| Grant Foley, Group Chief Financial Officer | |
| Rebecca-Joy Wekwete, Company Secretary | |
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| |
| Burson Buchanan | |
| Charles Ryland / Stephanie Whitmore / Jack Devoy / Abby Gilchrist | Tel +44 (0) 20 7466 5000 |
| | |
| Investec Bank plc | |
| Gary Clarence / Alice King | Tel +44 (0) 20 7597 5970 |
| | |
| Cavendish Capital Markets Limited Ben Jeynes / Matt Lewis (Corporate Finance) Leif Powis / Dale Bellis / Charlie Combe (Sales & ECM) |
Tel +44 (0) 20 7220 0500 |
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Notes to Editors:
About Braemar Plc
Braemar provides expert investment, chartering, and risk management advice that enable its clients to secure sustainable returns and mitigate risk in the volatile world of shipping and energy. Our experienced brokers work in tandem with specialist professionals to form teams tailored to our customers' needs, and provide an integrated service supported by a collaborative culture.
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 and follow Braemar on LinkedIn.
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