Braemar Shipping Services PLC Results of Annual General Meeting (3081S)

TIDMBMS

RNS Number : 3081S

Braemar Shipping Services PLC

22 June 2018

22 June 2018

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 broking, financial, consultancy, technical and logistics services to the shipping, marine, energy, offshore and insurance 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              10,773,132   99.98       1,822         0.02      10,774,954    34.28        17,294 
     ------------------------  -----------  ------  --------------  ----------  ------------  -------  --------------- 
      Receipt of 
       the directors' 
       remuneration 
       report (other 
       than the remuneration 
 2     policy)                  9,439,421    87.60     1,336,496       12.40     10,775,917    34.28        16,331 
     ------------------------  -----------  ------  --------------  ----------  ------------  -------  --------------- 
      Declare a final 
 3     dividend                 10,778,692   99.99        622          0.01      10,779,314    34.29        12,934 
     ------------------------  -----------  ------  --------------  ----------  ------------  -------  --------------- 
      Re-election 
       of David Moorhouse 
 4     as a director            9,486,754    87.92     1,303,897       12.08     10,790,651    34.33        1,597 
     ------------------------  -----------  ------  --------------  ----------  ------------  -------  --------------- 
      Re-election 
       of Mark Tracey 
 5     as a director            8,942,252    82.97     1,835,278       17.03     10,777,530    34.28        14,718 
     ------------------------  -----------  ------  --------------  ----------  ------------  -------  --------------- 
      Re-election 
       of Jürgen 
       Breuer as a 
 6     director                 9,432,711    98.34      159,329        1.66       9,592,040    30.51      1,200,208 
     ------------------------  -----------  ------  --------------  ----------  ------------  -------  --------------- 
      Re-election 
       of Lesley Watkins 
 7     as a director            10,623,974   98.58      153,556        1.42      10,777,530    34.28        14,718 
     ------------------------  -----------  ------  --------------  ----------  ------------  -------  --------------- 
      Re-election 
       of James Kidwell 
 8     as a director            9,469,145    88.92     1,179,992       11.08     10,649,137    33.88       143,111 
     ------------------------  -----------  ------  --------------  ----------  ------------  -------  --------------- 
      Re-appointment 
       of KPMG LLP 
 9     as auditors              10,590,219   98.29      184,628        1.71      10,774,847    34.28        17,401 
     ------------------------  -----------  ------  --------------  ----------  ------------  -------  --------------- 
      Authority to 
       determine the 
 10    auditor's remuneration   10,767,011   99.91       9,177         0.09      10,776,188    34.28        16,060 
     ------------------------  -----------  ------  --------------  ----------  ------------  -------  --------------- 
      Authority to 
       allot share 
 11    capital                  9,470,019    87.77     1,319,470       12.23     10,789,489    34.32        2,759 
     ------------------------  -----------  ------  --------------  ----------  ------------  -------  --------------- 
      Authority to 
       dis-apply pre-emption 
 12    rights*                  9,439,536    87.52     1,345,538       12.48     10,785,074    34.31        7,174 
     ------------------------  -----------  ------  --------------  ----------  ------------  -------  --------------- 
      Authority of 
       directors to 
       further dis-apply 
       pre-emption 
 13    rights*                  9,440,977    87.53     1,344,597       12.47     10,785,574    34.31        6,674 
     ------------------------  -----------  ------  --------------  ----------  ------------  -------  --------------- 
      Authority to 
       purchase own 
 14    shares*                  10,742,454   99.72      30,428         0.28      10,772,882    34.27        19,366 
     ------------------------  -----------  ------  --------------  ----------  ------------  -------  --------------- 
      Authority to 
       call a general 
       meeting (other 
       than the Annual 
       General Meeting) 
       on 14 clear 
 15    days' notice*            9,486,912    87.93     1,302,636       12.07     10,789,548    34.32        2,700 
     ------------------------  -----------  ------  --------------  ----------  ------------  -------  --------------- 
 

* indicates special resolutions requiring a 75% majority.

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, please contact:

 
 Braemar Shipping Services plc 
  James Kidwell, Chief Executive      Tel [phone] 
  Peter Mason, Company Secretary      Tel [phone] 
 
 Stockdale Securities 
  Robert Finlay / Antonio Bossi /     Tel [phone] 
   Henry Willcocks 
 
 Buchanan 
  Charles Ryland / Stephanie Watson   Tel [phone] 
   / Tilly Abraham 
 

Notes to Editors:

About Braemar Shipping Services plc

Braemar Shipping Services plc is a leading international provider of knowledge and skill-based services to the shipping, marine, energy, offshore and insurance industries. Founded in 1972, Braemar employs approximately 800 people in more than 70 locations worldwide across its Shipbroking, Technical, Logistics and Financial 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 presentations, 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 [e-mail] or visit www.rns.com.

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June 22, 2018 11:48 ET (15:48 GMT)