Braemar Shipping Services PLC Results of Annual General Meeting (9343J)

TIDMBMS

RNS Number : 9343J

Braemar Shipping Services PLC

26 August 2021

26 August 2021

BRAEMAR SHIPPING SERVICES PLC

("Braemar", the "Company" or the "Group")

Results of Annual General Meeting

Braemar Shipping Services Plc (LSE: BMS), a leading international Shipbroker and provider of expert advice in shipping investment, chartering, risk management and logistics services , 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              8,099,680   99.96       3,517         0.04       8,103,197    25.33        5,872 
     ------------------------  ----------  ------  --------------  ----------  ------------  -------  --------------- 
      Approval of 
       the directors' 
       remuneration 
       report (other 
       than the remuneration 
 2     policy)                  6,749,027   83.51     1,333,085       16.49      8,082,112    25.26        26,957 
     ------------------------  ----------  ------  --------------  ----------  ------------  -------  --------------- 
      Approval of 
 3     the final dividend       8,106,004   99.97       2,096         0.03       8,108,100    25.34         969 
     ------------------------  ----------  ------  --------------  ----------  ------------  -------  --------------- 
      Re-election 
       of Elizabeth 
       Gooch as a 
 4     director                 7,206,409   99.51      35,333         0.49       7,241,742    22.63       867,327 
     ------------------------  ----------  ------  --------------  ----------  ------------  -------  --------------- 
      Re-election 
       of James Gundy 
 5     as a director            7,774,406   96.17      309,954        3.83       8,084,360    25.27        24,709 
     ------------------------  ----------  ------  --------------  ----------  ------------  -------  --------------- 
      Re-election 
       of Stephen 
       Kunzer as a 
 6     director                 8,064,735   99.76      19,594         0.24       8,084,329    25.27        24,740 
     ------------------------  ----------  ------  --------------  ----------  ------------  -------  --------------- 
      Re-election 
       of Nigel Payne 
 7     as a director            7,798,976   96.47      285,384        3.53       8,084,360    25.27        24,709 
     ------------------------  ----------  ------  --------------  ----------  ------------  -------  --------------- 
      Re-election 
       of Tristram 
       Simmonds as 
 8     a director               7,805,115   96.57      277,205        3.43       8,082,320    25.26        26,749 
     ------------------------  ----------  ------  --------------  ----------  ------------  -------  --------------- 
      Re-election 
       of Nicholas 
       Stone as a 
 9     director                 7,813,518   96.65      270,842        3.35       8,084,360    25.27        24,709 
     ------------------------  ----------  ------  --------------  ----------  ------------  -------  --------------- 
      Re-election 
       of Lesley Watkins 
 10    as a director            7,811,551   96.64      271,314        3.36       8,082,865    25.26        26,204 
     ------------------------  ----------  ------  --------------  ----------  ------------  -------  --------------- 
      Re-appointment 
       of BDO LLP 
 11    as auditors              8,061,826   99.74      21,087         0.26       8,082,913    25.26        26,156 
     ------------------------  ----------  ------  --------------  ----------  ------------  -------  --------------- 
      Authority to 
       determine the 
 12    auditor's remuneration   8,065,351   99.81      15,463         0.19       8,080,814    25.26        28,255 
     ------------------------  ----------  ------  --------------  ----------  ------------  -------  --------------- 
      Authority to 
       allot share 
 13    capital                  8,040,054   99.27      59,329         0.73       8,099,383    25.31        9,686 
     ------------------------  ----------  ------  --------------  ----------  ------------  -------  --------------- 
      Approval of 
       the Deferred 
 14    Bonus Plan               8,011,205   99.18      66,118         0.82       8,077,323    25.25        31,746 
     ------------------------  ----------  ------  --------------  ----------  ------------  -------  --------------- 
      Authority to 
       disapply pre-emption 
 15    rights*                  7,993,046   98.86      92,205         1.14       8,085,251    25.27        23,818 
     ------------------------  ----------  ------  --------------  ----------  ------------  -------  --------------- 
      Authority to 
       further disapply 
       pre-emption 
 16    rights*                  6,846,738   84.69     1,237,821       15.31      8,084,559    25.27        24,510 
     ------------------------  ----------  ------  --------------  ----------  ------------  -------  --------------- 
      Authority to 
       purchase own 
 17    shares*                  8,065,204   99.50      40,628         0.50       8,105,832    25.33        3,237 
     ------------------------  ----------  ------  --------------  ----------  ------------  -------  --------------- 
      Authority to 
       call a general 
       meeting (other 
       than the Annual 
       General Meeting) 
       on 14 clear 
 18    days' notice*            8,079,811   99.82      14,789         0.18       8,094,600    25.30        14,469 
     ------------------------  ----------  ------  --------------  ----------  ------------  -------  --------------- 
 

* 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 31,995,335.

For further information, contact:

 
 Braemar Shipping Services Plc 
 James Gundy, Group Chief Executive            Tel [phone] 
  Officer 
 Nick Stone, Chief Financial Officer 
 Peter Mason, Company Secretary 
 finnCap 
 Matt Goode/ James Thompson 
 Buchanan                                      Tel [phone] 
 Charles Ryland / Victoria Hayns / Stephanie 
  Watson / Matilda Abraham 
                                               Tel [phone] 
 

Notes to Editors:

About Braemar

Braemar is a leading international Shipbroker and provider of expert advice in shipping investment, chartering and risk management. Braemar employs approximately 520 people in 30 locations worldwide across its Shipbroking, Financial and Logistics 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

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August 26, 2021 10:52 ET (14:52 GMT)