Last checked at 18 Apr 2023 12:05
18 April 2023
BRAEMAR PLC
("Braemar", the "Company" or the "Group")
Results of General Meeting
Braemar Plc (LSE: BMS), a provider of expert investment, chartering, and risk management advice to the shipping and energy markets, is pleased to announce that each of the special resolutions proposed at its General Meeting held earlier today were duly passed by means of a poll vote.
The total voting rights that members were entitled to exercise at the General Meeting were 32,924,877, the poll results are set out below.
In accordance with Listing Rule 9.6.2, full details of the resolutions will be submitted to the National Storage Mechanism and will shortly be available for inspection.
| Resolution | Votes For | % For | Votes Against | % Against | Total Votes | Votes Withheld |
1 | To authorise the cancellation of the Share Premium Account. | 8,221,674 | 99.69 | 25,270 | 0.31 | 8,246,944 | 19,792 |
2 | To authorise the cancellation of the Capital Redemption Reserve. | 8,235,651 | 99.85 | 12,581 | 0.15 | 8,248,232 | 18,504 |
3 | To authorise the directors to allot the B Ordinary Shares. | 8,220,346 | 99.58 | 34,314 | 0.42 | 8,254,660 | 12,076 |
4 | To authorise the directors to prescribe the rights attached to the B Ordinary Shares. | 8,223,217 | 99.63 | 30,605 | 0.37 | 8,253,822 | 12,914 |
5 | To authorise the directors to cancel the B Ordinary Shares and credit the cancellation amount to the reserves of the Company. | 8,222,723 | 99.65 | 28,850 | 0.35 | 8,251,573 | 15,163 |
6 | To appropriate distributable profits to the relevant accounting periods during which the dividends were declared and paid. | 7,471,513 | 99.84 | 11,717 | 0.16 | 7,483,230 | 783,506 |
7 | To ratify and authorise the entry into deeds of release for shareholders relating to the relevant dividends. | 7,114,012 | 99.86 | 9,646 | 0.14 | 7,123,658 | 1,143,078 |
8 | To ratify and authorise the entry into deeds of release for directors relating to the relevant dividends. | 7,104,928 | 99.65 | 24,781 | 0.35 | 7,129,709 | 1,137,027 |
For further information, contact:
Braemar Plc | |||
Nick Stone, Group Chief Financial Officer | Tel +44 (0) 20 3142 4100 | ||
Rebecca-Joy Wekwete, Company Secretary | |||
Investec Bank plc | |||
Gary Clarence / Harry Hargreaves / Alice King | Tel +44 (0) 20 7597 5970 | ||
Cenkos Securities plc
Ben Jeynes / Max Gould (Corporate Finance)
Alex Pollen / Leif Powis (Sales) |
Tel +44 (0) 20 7397 8900 | ||
Buchanan | |||
Charles Ryland / Jamie Hooper / Jack Devoy | Tel +44 (0) 20 7466 5000 | ||
Notes to Editors:
About Braemar Plc
Braemar provides expert advice in shipping investment, chartering, and risk management to enable its clients to secure sustainable returns and mitigate risk in the volatile world of shipping. Our experienced brokers work in tandem with specialist professionals to form teams tailored to our customers' needs, and provide an integrated service supported by a collaborative culture.
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, please visit www.braemar.com and follow Braemar on LinkedIn.