10 Feb 2009 08:00
TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii):
Braemar Shipping Services Plc
2. Reason for the notification (please state Yes/No): ( )
An acquisition or disposal of voting rights: (Yes)
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: (No)
An event changing the breakdown of voting rights: (No)
Other (please specify): (No)
3. Full name of person(s) subject to the notification obligation (iii):
JP Morgan Chase & Co
4. Full name of shareholder(s) (if different from 3.) (iv):
JP Morgan Asset Management (UK) Limited
5. Date of the transaction (and date on which the threshold is crossed or reached if different) (v):
06 February 2009
6. Date on which issuer notified:
09 February 2009
7. Threshold(s) that is/are crossed or reached:
5% downwards
8. Notified details:
A: Voting rights attached to shares
| Class/type of shares if possible using the ISIN CODE | Situation previous to the Triggering transaction (vi) | |
|
| Number of shares | Number of voting Rights (viii) |
| GB0000600931 | 1,116,439 | 1,116,439 |
Resulting situation after the triggering transaction (vii)
| Class/type of shares if possible using the ISIN CODE | Number of shares | Number of voting rights (ix) | % of voting rights | ||
|
| Direct | Direct (x) | Indirect (xi) | Direct | Indirect |
| GB0000600931 | 1,016,757 | 1,016,757 | 4.83% | ||
B: Financial Instruments
Resulting situation after the triggering transaction (xii)
| Type of financial instrument | Expiration Date (xiii) | Exercise/Conversion Period/ Date (xiv) | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights |
Total (A+B)
| Number of voting rights | % of voting rights |
| 1,016,757 | 4.83% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv):
Total disclosable holdings for JP Morgan Chase & Co: 1,016,757 (4.83%)
JP Morgan Asset Management (UK) Limited
Proxy Voting:
10. Name of the proxy holder:
N/A
11. Number of voting rights proxy holder will cease to hold:
N/A
12. Date on which proxy holder will cease to hold voting rights:
N/A
13. Additional information:
Please note the group has other holdings which are covered by exemptions.
14. Contact name:
Jay Supaya
15. Contact telephone number:
020 7325 4513