LONDON - Braemar Plc (LSE: BMS), a prominent advisory firm in the shipping and energy sectors, reported that its Group Chief Operating Officer, Tristram Simmonds, sold 11,634 company shares on Monday. The transaction was executed on the London Stock Exchange (LON:LSEG) (XLON) at a price of £2.45 per share, totaling approximately £28,503.30.
Following the sale, Simmonds retains a stake of 292,620 shares in the company. This move was disclosed in compliance with the EU Market Abuse Regulation, a mandate for transparency in the financial activities of Persons Discharging Managerial Responsibilities (PDMRs) within publicly traded companies.
Braemar, which has been listed on the London Stock Exchange since November 1997, specializes in providing investment, chartering, and risk management advice. The company aims to facilitate sustainable returns and risk mitigation for its clients in the volatile shipping and energy markets. Teams at Braemar combine the expertise of experienced brokers with specialist professionals to offer tailored services to customers.
The details of the share sale, including the identification code for the ordinary shares (GB0000600931), were made public as part of the regulatory requirements. The firm has not provided any additional commentary on the reasons behind Simmonds' decision to sell a portion of his holdings.
This report is based on a press release statement and presents the facts surrounding the transaction without speculation on the motivations or potential impact on Braemar's market performance.
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