Result of AGM
All AGM resolutions passed, including final dividend of 2.5p per share and director re-elections.
- Final dividend per ordinary share 2.5 pence
- Total votes cast 11,389,124
- Shares in issue 32,595,877
- Support for James Gundy re-election 76.8%
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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 (incorporating the directors' report and auditor's report). | 11,377,850 | 99.90 | 10,875 | 0.10 | 11,388,725 | 15,327 |
| 2. | To approve the directors' remuneration report for the year ended 28 February 2025. | 9,682,739 | 85.10 | 1,695,406 | 14.90 | 11,378,145 | 25,907 |
| 3. | To approve a final dividend of 2.5 pence per ordinary share for the year ended 28 February 2025, to be paid on 8 September 2025. | 10,564,821 | 92.76 | 824,303 | 7.24 | 11,389,124 | 14,928 |
| 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 LLP's remuneration. | 10,461,889 | 99.86 | 14,595 | 0.14 | 10,476,484 | 927,568 |
| 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 14 clear days' notice* | 10,795,445 | 99.90 | 11,210 | 0.10 | 10,806,655 | 597,397 |
* Special resolution requiring 75% majority.
Notes:
- Any proxy appointments which give discretion to the Chair have been included in the "for" total.
- The total number of shares in issue as at 2 July 2025 is 32,595,877.
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. In addition, copies of resolution 13 to 16 will be filed with Companies House. |
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