BRAEMAR PLC

Declaration of Voting Results & Voting Rights Announcements • Jul 3, 2024

National Storage Mechanism | Additional information

RNS Number : 0317V

Braemar PLC

03 July 2024

3 July 2024

BRAEMAR  PLC

(the "Company")

Results of 2024 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 29 February 2024 (incorporating the directors' report and auditor's report).	10,556,402	96.03	436,360	3.97	10,992,762	56,246
2.	To approve the directors' remuneration report for the year ended 29 February 2024.	6,034,754	54.90	4,958,251	45.10	10,993,005	56,003
3.	To approve a final dividend of nine pence per ordinary share for the year ended 29 February 2024, to be paid on 9 September 2024.	10,866,710	98.37	179,880	1.63	11,046,590	2,418
4.	To re-elect Grant Foley as a director of the Company.	10,717,905	97.09	321,373	2.91	11,039,278	9,730
5.	To re-elect Elizabeth Gooch as a director of the Company.	8,652,699	78.34	2,392,766	21.66	11,045,465	3,543
6.	To re-elect James Gundy as a director of the Company.	9,356,925	84.87	1,668,597	15.13	11,025,522	23,486
7.	To re-elect Joanne Lake as a director of the Company.	8,847,683	80.10	2,197,782	19.90	11,045,465	3,543
8.	To re-elect Nigel Payne as a director of the Company.	8,673,028	78.63	2,357,494	21.37	11,030,522	18,486
9.	To re-elect Tristram Simmonds as a director of the Company.	8,190,607	74.20	2,847,940	25.80	11,038,547	10,461
10.	To re-elect Catriona Valentine as a director of the Company.	10,776,411	97.57	267,867	2.43	11,044,278	4,730
11.	To re-appoint BDO LLP as auditor to the Company.	8,902,456	80.67	2,133,474	19.33	11,035,930	13,078
12.	To authorise the Audit & Risk Committee of the Company to determine BDO LLP's remuneration.	9,836,295	89.11	1,201,818	10.89	11,038,113	10,895
13.	Authority to allot share capital.	10,455,090	95.06	543,135	4.94	10,998,225	50,783
14.	To approve the rules of the Long-Term incentive plan.	8,699,813	79.17	2,289,077	20.83	10,988,890	60,118
15.	Authority to disapply pre-emption rights*	9,299,800	84.46	1,711,231	15.54	11,011,031	37,977
16.	Authority to further disapply pre-emption rights*	9,331,375	84.70	1,686,246	15.30	11,017,621	31,387
17.	Authority to purchase own shares*	10,980,615	99.41	65,323	0.59	11,045,938	3,070
18.	Authority to call a general meeting (other than the Annual General Meeting) on 14 clear days' notice*	10,758,992	97.40	287,598	2.60	11,046,590	2,418

* 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 is 32,924,877.

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 although resolutions 2,5,8,9 and 14 passed with the requisite majorities, they received more than 20% of votes against the board's recommendation. The board encourages an open and constructive dialogue directly with shareholders and continues to be willing to engage with any shareholder on any relevant topics should they choose to do so.

ENDS 

For further information, contact:

Braemar Plc
James Gundy, Group Chief Executive Officer	Tel +44 (0) 20 3142 4100
Grant Foley, Group Chief Financial Officer
Rebecca-Joy Wekwete, Company Secretary
Burson Buchanan
Charles Ryland / Stephanie Whitmore / Jack Devoy / Abby Gilchrist	Tel +44 (0) 20 7466 5000
Investec Bank plc
Gary Clarence / Alice King	Tel +44 (0) 20 7597 5970
Cavendish Capital Markets Limited Ben Jeynes / Matt Lewis (Corporate Finance) Leif Powis / Dale Bellis / Charlie Combe (Sales & ECM)	Tel +44 (0) 20 7220 0500

Notes to Editors:

About Braemar Plc

Braemar provides expert investment, chartering, and risk management advice that enable its clients to secure sustainable returns and mitigate risk in the volatile world of shipping and energy. 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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