BRAEMAR PLC

AGM Information • Aug 19, 2020

National Storage Mechanism | Additional information

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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