UK shipbroker Braemar Shipping Services has awarded a series of shares to top executives worth £1.28m ($1.8m).

The stock has been assigned under the London-listed company's long-term incentive plan.

Chief executive James Gundy has received 300,884 shares, while chief operating officer and finance director Nick Stone was awarded 88,495.

Peter Mason, general counsel and company secretary, received 47,787 shares.