REG - Braemar Shipping - Result of AGM

BraemarAnnouncement

19/08/2020 17:05

RNS Number : 6277W
  
Braemar Shipping Services PLC
  
19 August 2020
  
 

 
 
 
19 August 2020
 
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 shipbroking, financial advisory, logistics and engineering services to the shipping and energy 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


8,189,856


99.80


16,465


0.20


8,206,321


25.88


1,152,774




2


Receipt of the directors' remuneration report (other than the remuneration policy) 


   5,179,104 


66.00


2,668,132


34.00


7,847,236


24.75


1,511,859       




3


Approval of the directors' remuneration policy


7,623,464


97.50


195,386   


2.50


7,818,850


24.66


1,540,245       




4


Re-election of Jürgen Breuer as a director 


7,725,090


98.33


131,436


1.67


7,856,526


24.78


1,502,569




5


Re-election of Stephen Kunzer as a director 


7,830,283


99.67


26,243


0.33


7,856,526


24.78


1,502,569




6


Re-election of Ronald Series as a director


7,740,573


98.54


114,683


1.46


7,855,256


24.77


1,503,839




7


Re-election of Nicholas Stone as a director


7,744,573


98.59


110,683


1.41


7,855,256


24.77


1,503,839




8


Re-election of Lesley Watkins as a director


7,840,513


99.80


16,013


0.20


7,856,526


24.78


1,502,569




9


Re-appointment of BDO LLP as auditors


7,811,969


99.52


37,479


0.48


7,849,448


24.75


1,509,647




10


Authority to determine the auditor's remuneration 


7,815,701


99.44


44,116


0.56


7,859,817


24.79


1,499,278




11


Authority to allot share capital


7,780,880


99.10


71,059


0.90


7,851,939


24.76


1,507,156




12


Authority to disapply pre-emption rights*


6,518,779


83.12


1,323,884


16.88


7,842,663


24.73


1,516,432




13


Authority to further disapply pre-emption rights*


6,420,452


81.86


1,422,287  


18.14


7,842,739


24.73


1,516,356       




14


Authority to purchase own shares*


7,760,840


98.71


101,646


1.29


7,862,486


24.80


1,496,609




15


Authority to call a general meeting (other than the Annual General Meeting) on 14 clear days' notice*


7,834,434


99.62


29,717


0.38


7,864,151


24.80


1,494,944



* indicates special resolutions requiring a 75% majority.
In accordance with the 2018 UK Corporate Governance Code, the Board notes that although Resolution 2 (Directors' remuneration report) passed with the requisite majority, it received 20% or more votes against the Board's recommendation.  The Board is working to identify and understand the reasons behind these votes and will look to engage with the Company's shareholders as appropriate in relation to the matter.
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 31,709,205.
For further information, contact:



Braemar Shipping Services Plc








Ron Series, Executive Chairman


Tel +44 (0) 20 3142 4100




Nick Stone, Finance Director








Peter Mason, Company Secretary 








finnCap








Matt Goode/ James Thompson/ Kate Washington


Tel +44 (0) 20 7220 0500




Buchanan








Charles Ryland / Victoria Hayns / Stephanie Watson / Matilda 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 shipbroking, financial advisory, logistics and engineering services principally to the shipping and energy industries.  Founded in 1972, Braemar employs approximately 530 people in 28 offices worldwide across its Shipbroking, Financial, Logistics and Engineering 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 presentation, visit www.braemar.com
 
 


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