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02 July 2025 16:08:25
- Source: Sharecast
2 July 2025
BRAEMAR PLC
(the "Company")
Results of 2025 Annual General Meeting
Braemar Plc (LSE: BMS), a leading provider of expert investment, chartering, and risk management advice to the shipping and energy markets, is pleased to announce that each of the resolutions proposed at its Annual General Meeting held earlier today were duly passed by means of a poll vote as set out below.
|
|
Resolution |
Votes For |
% For |
Votes Against |
% Against |
Total Votes |
Votes Withheld |
|
1. |
To receive the Company's audited accounts for the year ended 28 February 2025 (incorporating the directors' report and auditor's report). |
11,377,850 |
99.90 |
10,875 |
0.10 |
11,388,725 |
15,327 |
|
2. |
To approve the directors' remuneration report for the year ended 28 February 2025. |
9,682,739 |
85.10 |
1,695,406 |
14.90 |
11,378,145 |
25,907 |
|
3. |
To approve a final dividend of 2.5 pence per ordinary share for the year ended 28 February 2025, to be paid on 8 September 2025. |
10,564,821 |
92.76 |
824,303 |
7.24 |
11,389,124 |
14,928 |
|
4. |
To re-elect Grant Foley as a director of the Company. |
11,362,422 |
99.78 |
25,224 |
0.22 |
11,387,646 |
16,406 |
|
5. |
To re-elect Elizabeth Gooch as a director of the Company. |
9,541,834 |
84.54 |
1,745,476 |
15.46 |
11,287,310 |
116,742 |
|
6. |
To re-elect James Gundy as a director of the Company. |
7,874,034 |
76.80 |
2,379,122 |
23.20 |
10,253,156 |
1,150,896 |
|
7. |
To re-elect Joanne Lake as a director of the Company. |
10,350,928 |
91.70 |
936,382 |
8.30 |
11,287,310 |
116,742 |
|
8. |
To re-elect Nigel Payne as a director of the Company. |
9,769,863 |
85.81 |
1,616,033 |
14.19 |
11,385,896 |
18,156 |
|
9. |
To re-elect Catriona Valentine as a director of the Company. |
10,350,929 |
91.70 |
936,381 |
8.30 |
11,287,310 |
116,742 |
|
10. |
To re-appoint BDO LLP as auditor to the Company. |
8,581,721 |
82.79 |
1,784,221 |
17.21 |
10,365,942 |
1,038,110 |
|
11. |
To authorise the Audit & Risk Committee of the Company to determine BDO LLP's remuneration. |
10,461,889 |
99.86 |
14,595 |
0.14 |
10,476,484 |
927,568 |
|
12. |
Authority to allot share capital. |
11,245,944 |
99.68 |
36,405 |
0.32 |
11,282,349 |
121,703 |
|
13. |
Authority to disapply pre-emption rights* |
9,976,240 |
98.36 |
166,381 |
1.64 |
10,142,621 |
1,261,431 |
|
14. |
Authority to further disapply pre-emption rights* |
9,993,807 |
88.52 |
1,295,496 |
11.48 |
11,289,303 |
114,749 |
|
15. |
Authority to purchase own shares* |
11,201,659 |
99.22 |
88,308 |
0.78 |
11,289,967 |
114,085 |
|
16. |
Authority to call a general meeting (other than the Annual General Meeting) on 14 clear days' notice* |
10,795,445 |
99.90 |
11,210 |
0.10 |
10,806,655 |
597,397 |
* Special resolution requiring 75% majority.
Notes:
1. Any proxy appointments which give discretion to the Chair have been included in the "for" total.
2. The total number of shares in issue as at 2 July 2025 is 32,595,877.
3. A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "for" or "against" a resolution.
UK Corporate Governance Code - statement regarding voting result
The board notes that resolution 6 to approve the re-election of James Gundy was passed with 76.8% support. The board appreciates the support received from most shareholders. The board has noted a pattern of voting among certain shareholders that is consistent with prior years; the board continues to encourage an open and constructive dialogue directly with shareholders and the board will continue to engage with shareholders over the year ahead.
Availability of documents
In accordance with Listing Rule 9.6.2R, full details of the resolutions will be submitted to the National Storage Mechanism and will shortly be available for inspection at: National Storage Mechanism | FCA. In addition, copies of resolution 13 to 16 will be filed with Companies House.
Enquiries:
|
Braemar Plc |
Tel: +44 (0)20 3142 4100 |
|
James Gundy, Group Chief Executive Officer |
|
|
Grant Foley, Group Chief Financial & Operating Officer |
|
|
Rebecca-Joy Wekwete, Company Secretary |
|
|
|
|
|
Houston |
Tel: +44 (0)20 4529 0549 |
|
Kate Hoare / Charlie Barker / Ben Robinson |
|
|
|
|
|
Canaccord Genuity |
Tel: +44 (0) 20 7523 8000 |
|
Adam James / Harry Rees |
|
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, visit www.braemar.com and follow Braemar on LinkedIn.
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