Results of 2024 Annual General Meeting

Source: RNS
RNS Number : 0317V
Braemar PLC
03 July 2024
 

 

       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.

 

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