REG - Braemar PLC - Results of General Meeting

BraemarAnnouncement

18/04/2023 12:15

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RNS Number : 6128W  Braemar PLC  18 April 2023

 

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   8,223,217  99.63  30,605         0.37       8,253,822    12,914
     Shares.
 5   To authorise the directors to cancel the B Ordinary Shares and credit the       8,222,723  99.65  28,850         0.35       8,251,573    15,163
     cancellation amount to the reserves of the Company.
 6   To appropriate distributable profits to the relevant accounting periods during  7,471,513  99.84  11,717         0.16       7,483,230    783,506
     which the dividends were declared and paid.
 7   To ratify and authorise the entry into deeds of release for shareholders        7,114,012  99.86  9,646          0.14       7,123,658    1,143,078
     relating to the relevant dividends.
 8   To ratify and authorise the entry into deeds of release for directors relating  7,104,928  99.65  24,781         0.35       7,129,709    1,137,027
     to the relevant dividends.

 

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

                                                   Tel +44 (0) 20 7397 8900

 Ben Jeynes / Max Gould (Corporate Finance)

 Alex Pollen / Leif Powis (Sales)
 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 (http://www.braemar.com/)  and
follow Braemar on LinkedIn (https://www.linkedin.com/company/braemar-ltd/) .

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