REG - Braemar PLC - Director/PDMR Shareholding

BraemarAnnouncement

20/04/2026 16:45

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RNS Number : 1867B  Braemar PLC  20 April 2026

 

20 April 2026

BRAEMAR PLC

("Braemar" the "Company")

 

PDMR Share Dealing

 

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 (https://braemar.com/financial-reports/) .

 

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).

The notification set out below is 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                                                 Tel: +44 (0)20 3142 4100
 James Gundy, Group Chief Executive Officer
 Grant Foley, Group Chief Financial & Operating Officer
 Rebecca-Joy Wekwete, Company Secretary

 Houston                                                     Tel: +44 (0)20 4529 0549
 Kate Hoare / Charlie Barker / Polly Clarke                  Tel: +44 (0)77 3303 2695
 braemar@houston.co.uk (mailto:braemar@houston.co.uk)

 Canaccord Genuity                                           Tel: +44 (0) 20 7523 8000
 Adam James / Harry Rees

 

 

 

 Details of the person discharging managerial responsibilities / person closely
 associated
 Name                                                         James Gundy

 Reason for the notification                                  Group Chief Executive Officer

 Position/status
 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 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                                                     Price: £0.00

 - Aggregated volume                                          Volume: 218,750

 Date of the transaction                                      17 April 2026

 Place of the transaction                                     Exercise of Options occurred outside a trading venue

 

 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 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                                                     Price: £227,081.42

 - Aggregated volume                                          Volume: 103,088

 Date of the transaction                                      17 April 2026

 Place of the transaction                                     London Stock Exchange (XLON)

 

 

Notes to Editors:

 

About Braemar Plc

Braemar provides expert investment, chartering, and risk management advice to
the shipping and energy markets 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 (http://www.braemar.com/)  and follow Braemar
on LinkedIn (https://www.linkedin.com/company/braemar-ltd) .

 

 

 

 

 

 

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