3 July 2024
BRAEMAR PLC
(the
"Company")
Results of 2024 Annual
General Meeting
Braemar Plc (LSE: BMS), a leading
provider of expert investment, chartering, and risk management
advice to the shipping and energy markets, is pleased to announce that each of
the resolutions proposed at its Annual General Meeting held earlier
today were duly passed by means of a poll vote as set out
below.
|
|
Resolution
|
Votes For
|
% For
|
Votes
Against
|
% Against
|
Total Votes
|
Votes
Withheld
|
|
1.
|
To receive the Company's audited
accounts for the year ended 29 February 2024 (incorporating the
directors' report and auditor's report).
|
10,556,402
|
96.03
|
436,360
|
3.97
|
10,992,762
|
56,246
|
|
2.
|
To approve the directors'
remuneration report for the year ended 29 February 2024.
|
6,034,754
|
54.90
|
4,958,251
|
45.10
|
10,993,005
|
56,003
|
|
3.
|
To approve a final dividend of nine
pence per ordinary share for the year ended 29 February 2024, to be
paid on 9 September 2024.
|
10,866,710
|
98.37
|
179,880
|
1.63
|
11,046,590
|
2,418
|
|
4.
|
To re-elect Grant Foley as a
director of the Company.
|
10,717,905
|
97.09
|
321,373
|
2.91
|
11,039,278
|
9,730
|
|
5.
|
To re-elect Elizabeth Gooch as a
director of the Company.
|
8,652,699
|
78.34
|
2,392,766
|
21.66
|
11,045,465
|
3,543
|
|
6.
|
To re-elect James Gundy as a
director of the Company.
|
9,356,925
|
84.87
|
1,668,597
|
15.13
|
11,025,522
|
23,486
|
|
7.
|
To re-elect Joanne Lake as a
director of the Company.
|
8,847,683
|
80.10
|
2,197,782
|
19.90
|
11,045,465
|
3,543
|
|
8.
|
To re-elect Nigel Payne as a
director of the Company.
|
8,673,028
|
78.63
|
2,357,494
|
21.37
|
11,030,522
|
18,486
|
|
9.
|
To re-elect Tristram Simmonds as a
director of the Company.
|
8,190,607
|
74.20
|
2,847,940
|
25.80
|
11,038,547
|
10,461
|
|
10.
|
To re-elect Catriona Valentine as a
director of the Company.
|
10,776,411
|
97.57
|
267,867
|
2.43
|
11,044,278
|
4,730
|
|
11.
|
To re-appoint BDO LLP as auditor to
the Company.
|
8,902,456
|
80.67
|
2,133,474
|
19.33
|
11,035,930
|
13,078
|
|
12.
|
To authorise the Audit & Risk
Committee of the Company to determine BDO LLP's
remuneration.
|
9,836,295
|
89.11
|
1,201,818
|
10.89
|
11,038,113
|
10,895
|
|
13.
|
Authority to allot share
capital.
|
10,455,090
|
95.06
|
543,135
|
4.94
|
10,998,225
|
50,783
|
|
14.
|
To approve the rules of the
Long-Term incentive plan.
|
8,699,813
|
79.17
|
2,289,077
|
20.83
|
10,988,890
|
60,118
|
|
15.
|
Authority to disapply pre-emption
rights*
|
9,299,800
|
84.46
|
1,711,231
|
15.54
|
11,011,031
|
37,977
|
|
16.
|
Authority to further disapply
pre-emption rights*
|
9,331,375
|
84.70
|
1,686,246
|
15.30
|
11,017,621
|
31,387
|
|
17.
|
Authority to purchase own
shares*
|
10,980,615
|
99.41
|
65,323
|
0.59
|
11,045,938
|
3,070
|
|
18.
|
Authority to call a general meeting
(other than the Annual General Meeting) on 14 clear days'
notice*
|
10,758,992
|
97.40
|
287,598
|
2.60
|
11,046,590
|
2,418
|
* Special resolution requiring
75% majority.
Notes:
1. Any
proxy appointments which give discretion to the Chair have been
included in the "for" total.
2. The
total number of shares in issue is 32,924,877.
3. A "vote withheld" is
not a vote in law and is not counted in the calculation of the
proportion of the votes "for" or "against" a resolution.
UK
Corporate Governance Code - statement regarding
voting result
The board notes that although
resolutions 2,5,8,9 and 14 passed with the requisite majorities,
they received more than 20% of votes against the board's
recommendation. The board encourages an open and constructive
dialogue directly with shareholders and continues to be willing to
engage with any shareholder on any relevant topics should they
choose to do so.
ENDS
For
further information, contact:
|
Braemar Plc
|
|
|
James Gundy, Group Chief Executive
Officer
|
Tel +44
(0) 20 3142 4100
|
|
Grant Foley, Group Chief Financial
Officer
|
|
|
Rebecca-Joy Wekwete, Company
Secretary
|
|
|
|
|
|
|
|
|
Burson Buchanan
|
|
|
Charles Ryland / Stephanie Whitmore
/ Jack Devoy / Abby Gilchrist
|
Tel +44
(0) 20 7466 5000
|
|
|
|
|
Investec Bank plc
|
|
|
Gary Clarence / Alice
King
|
Tel +44
(0) 20 7597 5970
|
|
|
|
|
Cavendish Capital Markets Limited
Ben Jeynes / Matt Lewis (Corporate
Finance)
Leif Powis / Dale Bellis / Charlie
Combe (Sales & ECM)
|
Tel +44
(0) 20 7220 0500
|
|
|
|
Notes to Editors:
About Braemar Plc
Braemar provides expert investment,
chartering, and risk management advice that enable its clients to
secure sustainable returns and mitigate risk in the volatile world
of shipping and energy. Our experienced brokers work in tandem with
specialist professionals to form teams tailored to our customers'
needs, and provide an integrated service supported by a
collaborative culture.
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 and
follow Braemar on LinkedIn.