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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 |
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 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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