REG - Braemar PLC - Results of 2025 Annual General Meeting

BraemarAnnouncement

Wed 16:15

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RNS Number : 4785P  Braemar PLC  02 July 2025

 

       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   11,377,850  99.90  10,875         0.10       11,388,725   15,327
             (incorporating the directors' report and auditor's report).
 2.          To approve the directors' remuneration report for the year ended 28 February    9,682,739   85.10  1,695,406      14.90      11,378,145   25,907
             2025.
 3.          To approve a final dividend of 2.5 pence per ordinary share for the year ended  10,564,821  92.76  824,303        7.24       11,389,124   14,928
             28 February 2025, to be paid on 8 September 2025.
 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         10,461,889  99.86  14,595         0.14       10,476,484   927,568
             LLP's remuneration.
 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  10,795,445  99.90  11,210         0.10       10,806,655   597,397
             14 clear days' notice*

 

* 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
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) . 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 (http://www.braemar.com/)  and follow Braemar
on LinkedIn (https://www.linkedin.com/company/braemar-ltd) .

 

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