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LONDON - Braemar Plc (LSE:BMS), a provider of investment, chartering, and risk management advice to the shipping and energy markets, has awarded nil-cost options to two senior executives under its Long-Term Incentive Plan (LTIP).
According to a company statement released Friday, Group Chief Executive Officer James Gundy received options for 231,128 ordinary shares, while Group Chief Financial & Operating Officer Grant Foley was granted options for 184,902 shares.
The awards, made on July 2, come with no consideration for the grant and zero exercise price. They will vest on July 2, 2028, subject to performance criteria being met.
The vesting conditions are tied to Braemar’s growth in underlying Earnings Per Share (EPS) over a three-year performance period ending February 29, 2028. The company noted that the EPS measure will be adjusted to eliminate 50% of the impact of USD foreign exchange rate changes during this period.
Any shares acquired through these LTIP awards will be subject to an additional two-year holding period after vesting.
The company made the disclosure in accordance with EU Market Abuse Regulation requirements, which remain part of UK law following Brexit. Further details about the LTIP structure are available in Braemar’s 2025 Annual Report published on May 29.
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