RNS Number : 5146X
Braemar PLC
20 December 2023

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20 December 2023

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 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 Chief Executive Officer

397,073

Tris Simmonds - Group Chief Operating Officer

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 Chief Executive Officer

772,165

Tris Simmonds - Group Chief Operating Officer

320,080

Alistair Borthwick - Group Finance Director

56,448

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.

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




Buchanan


Charles Ryland / Stephanie Whitmore / Jamie Hooper

Tel +44 (0) 20 7466 5000

Investec Bank plc


Gary Clarence / Harry Hargreaves / Alice King

Tel +44 (0) 20 7597 5970



Cavendish Securities PLC

Ben Jeynes / Matt Lewis (Corporate Finance)

Leif Powis /Dale Bellis/ Charlie Combe (Sales & ECM)

Tel +44 (0) 20 7220 0500

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

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Braemar Plc

LEI

213800EV6IKTTHJ83C19

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

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)

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

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

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Braemar Plc

LEI

213800EV6IKTTHJ83C19

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

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)

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

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

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Braemar Plc

LEI

213800EV6IKTTHJ83C19

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

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)

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

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)

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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