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Braemar agrees terms over ESOP trading plan

02 March 2017 13:52

Braemar Shipping Services has announced that SG Kleinwort Hambros Trust Company (CI) Ltd, as trustee of the Braemar Shipping Services ESOP, has entered into a trading plan with the Company.

The Company said:

"Under the trading plan, which will run from 6th March 2017 to 9th May 2017, the Trustee will instruct Stockdale Securities, as broker, to acquire Ordinary Shares of 10 pence in the Company for the ESOP.

"Purchases under the trading plan will be limited to a total of 250,000 Ordinary Shares during the period of operation with a maximum number of Ordinary Shares per transaction of 10,000.

"The maximum price paid per Ordinary Share shall be 5% above the average of the middle market quotations for such Ordinary Shares for the five business days immediately preceding the day on which the purchase is made."

At 1:52pm: (LON:BMS) Braemar Shipping Services PLC share price was -1p at 260.75p

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