TIDMBMS
RNS Number : 6277W
Braemar Shipping Services PLC
19 August 2020
19 August 2020
BRAEMAR SHIPPING SERVICES PLC
("Braemar", the "Company" or the "Group")
Results of Annual General Meeting
Braemar Shipping Services Plc (LSE:BMS), a leading international
provider of shipbroking, financial advisory, logistics and
engineering services to the shipping and energy industries, is
pleased to announce that each of the resolutions proposed at its
Annual General Meeting (the "AGM") held earlier today were duly
passed by means of a poll vote.
The poll results were as follows:
Resolution Votes For % For Votes Against % Against Total Votes % of Votes Withheld
ISC
voted
Receipt of
the audited
annual accounts
1 and reports 8,189,856 99.80 16,465 0.20 8,206,321 25.88 1,152,774
----------------------- ------------ ------ -------------- ---------- ------------ ------- ---------------
Receipt of
the directors'
remuneration
report (other
than the remuneration
2 policy) 5,179,104 66.00 2,668,132 34.00 7,847,236 24.75 1,511,859
----------------------- ------------ ------ -------------- ---------- ------------ ------- ---------------
Approval of
the directors'
remuneration
3 policy 7,623,464 97.50 195,386 2.50 7,818,850 24.66 1,540,245
----------------------- ------------ ------ -------------- ---------- ------------ ------- ---------------
Re-election
of Jürgen
Breuer as a
4 director 7,725,090 98.33 131,436 1.67 7,856,526 24.78 1,502,569
----------------------- ------------ ------ -------------- ---------- ------------ ------- ---------------
Re-election
of Stephen
Kunzer as a
5 director 7,830,283 99.67 26,243 0.33 7,856,526 24.78 1,502,569
----------------------- ------------ ------ -------------- ---------- ------------ ------- ---------------
Re-election
of Ronald Series
6 as a director 7,740,573 98.54 114,683 1.46 7,855,256 24.77 1,503,839
----------------------- ------------ ------ -------------- ---------- ------------ ------- ---------------
Re-election
of Nicholas
Stone as a
7 director 7,744,573 98.59 110,683 1.41 7,855,256 24.77 1,503,839
----------------------- ------------ ------ -------------- ---------- ------------ ------- ---------------
Re-election
of Lesley Watkins
8 as a director 7,840,513 99.80 16,013 0.20 7,856,526 24.78 1,502,569
----------------------- ------------ ------ -------------- ---------- ------------ ------- ---------------
Re-appointment
of BDO LLP
9 as auditors 7,811,969 99.52 37,479 0.48 7,849,448 24.75 1,509,647
----------------------- ------------ ------ -------------- ---------- ------------ ------- ---------------
Authority to
determine the
10 auditor's remuneration 7,815,701 99.44 44,116 0.56 7,859,817 24.79 1,499,278
----------------------- ------------ ------ -------------- ---------- ------------ ------- ---------------
Authority to
allot share
11 capital 7,780,880 99.10 71,059 0.90 7,851,939 24.76 1,507,156
----------------------- ------------ ------ -------------- ---------- ------------ ------- ---------------
Authority to
disapply pre-emption
12 rights* 6,518,779 83.12 1,323,884 16.88 7,842,663 24.73 1,516,432
----------------------- ------------ ------ -------------- ---------- ------------ ------- ---------------
Authority to
further disapply
pre-emption
13 rights* 6,420,452 81.86 1,422,287 18.14 7,842,739 24.73 1,516,356
----------------------- ------------ ------ -------------- ---------- ------------ ------- ---------------
Authority to
purchase own
14 shares* 7,760,840 98.71 101,646 1.29 7,862,486 24.80 1,496,609
----------------------- ------------ ------ -------------- ---------- ------------ ------- ---------------
Authority to
call a general
meeting (other
than the Annual
General Meeting)
on 14 clear
15 days' notice* 7,834,434 99.62 29,717 0.38 7,864,151 24.80 1,494,944
----------------------- ------------ ------ -------------- ---------- ------------ ------- ---------------
* indicates special resolutions requiring a 75% majority.
In accordance with the 2018 UK Corporate Governance Code, the
Board notes that although Resolution 2 (Directors' remuneration
report) passed with the requisite majority, it received 20% or more
votes against the Board's recommendation. The Board is working to
identify and understand the reasons behind these votes and will
look to engage with the Company's shareholders as appropriate in
relation to the matter.
Please note that a vote withheld is not a vote under English law
and is not counted in the calculation of the votes "for" and
"against" a resolution. The total voting rights that members were
entitled to exercise at the AGM were 31,709,205.
For further information, contact:
Braemar Shipping Services Plc
Ron Series, Executive Chairman Tel +44 (0) 20 3142 4100
Nick Stone, Finance Director
Peter Mason, Company Secretary
finnCap
Matt Goode/ James Thompson/ Kate Washington Tel +44 (0) 20 7220 0500
Buchanan
Charles Ryland / Victoria Hayns / Stephanie Tel +44 (0) 20 7466 5000
Watson / Matilda Abraham
Notes to Editors:
About Braemar Shipping Services Plc
Braemar Shipping Services Plc is a leading international
provider of shipbroking, financial advisory, logistics and
engineering services principally to the shipping and energy
industries. Founded in 1972, Braemar employs approximately 530
people in 28 offices worldwide across its Shipbroking, Financial,
Logistics and Engineering divisions.
Braemar joined the Official List of the London Stock Exchange in
November 1997 and trades under the symbol BMS.
For more information, including our investor presentation, visit
www.braemar.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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