Last checked at 22 Jun 2018 16:48
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 ISC voted | Votes Withheld | |
1 | Receipt of the audited annual accounts and reports | 10,773,132 | 99.98 | 1,822 | 0.02 | 10,774,954 | 34.28 | 17,294 |
2 | Receipt of the directors' remuneration report (other than the remuneration policy) | 9,439,421 | 87.60 | 1,336,496 | 12.40 | 10,775,917 | 34.28 | 16,331 |
3 | Declare a final dividend | 10,778,692 | 99.99 | 622 | 0.01 | 10,779,314 | 34.29 | 12,934 |
4 | Re-election of David Moorhouse as a director | 9,486,754 | 87.92 | 1,303,897 | 12.08 | 10,790,651 | 34.33 | 1,597 |
5 | Re-election of Mark Tracey as a director | 8,942,252 | 82.97 | 1,835,278 | 17.03 | 10,777,530 | 34.28 | 14,718 |
6 | Re-election of Jürgen Breuer as a director | 9,432,711 | 98.34 | 159,329 | 1.66 | 9,592,040 | 30.51 | 1,200,208 |
7 | Re-election of Lesley Watkins as a director | 10,623,974 | 98.58 | 153,556 | 1.42 | 10,777,530 | 34.28 | 14,718 |
8 | Re-election of James Kidwell as a director | 9,469,145 | 88.92 | 1,179,992 | 11.08 | 10,649,137 | 33.88 | 143,111 |
9 | Re-appointment of KPMG LLP as auditors | 10,590,219 | 98.29 | 184,628 | 1.71 | 10,774,847 | 34.28 | 17,401 |
10 | Authority to determine the auditor's remuneration | 10,767,011 | 99.91 | 9,177 | 0.09 | 10,776,188 | 34.28 | 16,060 |
11 | Authority to allot share capital | 9,470,019 | 87.77 | 1,319,470 | 12.23 | 10,789,489 | 34.32 | 2,759 |
12 | Authority to dis-apply pre-emption rights* | 9,439,536 | 87.52 | 1,345,538 | 12.48 | 10,785,074 | 34.31 | 7,174 |
13 | Authority of directors to further dis-apply pre-emption rights* | 9,440,977 | 87.53 | 1,344,597 | 12.47 | 10,785,574 | 34.31 | 6,674 |
14 | Authority to purchase own shares* | 10,742,454 | 99.72 | 30,428 | 0.28 | 10,772,882 | 34.27 | 19,366 |
15 | Authority to call a general meeting (other than the Annual General Meeting) on 14 clear 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 +44 (0) 20 3142 4100 |
Peter Mason, Company Secretary | Tel +44 (0) 20 3142 4100 |
Stockdale Securities | |
Robert Finlay / Antonio Bossi / Henry Willcocks | Tel +44 (0) 20 7601 6100 |
Buchanan | |
Charles Ryland / Stephanie Watson / Tilly Abraham | Tel +44 (0) 20 7466 5000
|
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.