TIDMBMS
RNS Number : 4317E
Braemar Shipping Services PLC
04 July 2019
4 July 2019
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, port and marine
consulting services principally to the shipping and energy
industries, is pleased to announce that each of the resolutions
proposed at its Annual General Meeting (the "AGM"), held yesterday,
3 July 2019, 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 11,353,126 99.99 1,200 0.01 11,354,326 36.12% 36,946
------------------------ ----------- ------ -------------- ---------- ------------ ------- ---------------
Receipt of
the directors'
remuneration
report (other
than the remuneration
2 policy) 11,235,071 99.15 96,867 0.85 11,331,938 36.05% 59,334
------------------------ ----------- ------ -------------- ---------- ------------ ------- ---------------
Declare a final
3 dividend 11,354,274 99.97 3,322 0.03 11,357,596 36.13% 33,676
------------------------ ----------- ------ -------------- ---------- ------------ ------- ---------------
Re-election
of Ronald Series
4 as a director 11,308,694 99.68 36,199 0.32 11,344,893 36.09% 46,379
------------------------ ----------- ------ -------------- ---------- ------------ ------- ---------------
Re-election
of Jürgen
Breuer as a
5 director 11,241,343 99.57 49,103 0.43 11,290,446 35.92% 100,826
------------------------ ----------- ------ -------------- ---------- ------------ ------- ---------------
Re-election
of Steve Kunzer
6 as a director 11,311,661 99.70 34,116 0.30 11,345,777 36.09% 45,495
------------------------ ----------- ------ -------------- ---------- ------------ ------- ---------------
Re-election
of Lesley Watkins
7 as a director 11,304,101 99.65 39,292 0.35 11,343,393 36.08% 47,879
------------------------ ----------- ------ -------------- ---------- ------------ ------- ---------------
Re-election
of James Kidwell
8 as a director 8,367,983 74.11 2,923,863 25.89 11,291,846 35.92% 99,426
------------------------ ----------- ------ -------------- ---------- ------------ ------- ---------------
Re-election
of Nicholas
Stone as a
9 director 11,312,119 99.71 32,367 0.29 11,344,486 36.09% 46,786
------------------------ ----------- ------ -------------- ---------- ------------ ------- ---------------
Re-appointment
of BDO LLP
10 as auditors 11,318,674 99.77 26,379 0.23 11,345,053 36.09% 46,219
------------------------ ----------- ------ -------------- ---------- ------------ ------- ---------------
Authority to
determine the
11 auditor's remuneration 11,327,966 99.91 10,534 0.09 11,338,500 36.07% 52,772
------------------------ ----------- ------ -------------- ---------- ------------ ------- ---------------
Authority to
allot share
12 capital 11,249,571 99.21 90,024 0.79 11,339,595 36.07% 51,677
------------------------ ----------- ------ -------------- ---------- ------------ ------- ---------------
Authority to
disapply pre-emption
13 rights* 8,547,597 75.66 2,750,469 24.34 11,298,066 35.94% 93,206
------------------------ ----------- ------ -------------- ---------- ------------ ------- ---------------
Authority of
directors to
further disapply
pre-emption
14 rights* 8,595,784 75.76 2,749,719 24.24 11,345,503 36.09% 45,769
------------------------ ----------- ------ -------------- ---------- ------------ ------- ---------------
Authority to
purchase own
15 shares* 11,283,005 99.36 72,231 0.64 11,355,236 36.12% 36,036
------------------------ ----------- ------ -------------- ---------- ------------ ------- ---------------
Authority to
call a general
meeting (other
than the Annual
General Meeting)
on 14 clear
16 days' notice* 11,331,193 99.82 20,193 0.18 11,351,386 36.11% 39,886
------------------------ ----------- ------ -------------- ---------- ------------ ------- ---------------
* indicates special resolutions requiring a 75% majority.
In accordance with the 2018 UK Corporate Governance Code, the
Board notes that although Resolution 8 (Re-election of James
Kidwell as a director) and Resolutions 13 and 14 (authorities to
disapply pre-emption rights) passed with the requisite majority,
they received 20% or more votes against the Board's recommendation.
The Board appreciates the feedback it has received to date on these
matters and will look to continue to engage in a dialogue with the
Company's shareholders in the coming months in relation to
them.
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 31,436,351.
For further information, contact:
Braemar Shipping Services
James Kidwell, Chief Executive Tel +44 (0) 20 3142 4100
Nick Stone, Finance Director
Peter Mason, Company Secretary
Shore Capital
Robert Finlay / Antonio Bossi / Henry Tel +44 (0) 20 7601 6100
Willcocks
Buchanan
Charles Ryland / Vicky Hayns / Stephanie Tel +44 (0) 20 7466 5000
Watson
Notes to Editors:
About Braemar Shipping Services plc
Braemar Shipping Services plc is a leading international
provider of shipbroking, financial advisory, port and marine
consulting services principally to the shipping and energy
industries. Founded in 1972, Braemar employs approximately 530
people in 30 locations 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
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contact rns@lseg.com or visit www.rns.com.
END
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