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BMS Braemar Plc

263.00
0.50 (0.19%)
Last Updated: 14:24:30
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Braemar Plc LSE:BMS London Ordinary Share GB0000600931 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.50 0.19% 263.00 256.00 269.00 263.00 263.00 263.00 15,974 14:24:30
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Water Transport Svcs, Nec 152.91M 4.6M 0.1396 18.84 86.59M

Braemar Shipping Services PLC Results of Annual General Meeting (4317E)

04/07/2019 7:00am

UK Regulatory


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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 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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July 04, 2019 02:00 ET (06:00 GMT)

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