2 July 2026
BRAEMAR PLC
(the "Company")
Results of 2026 Annual General Meeting
Braemar Plc (LSE: BMS), a leading provider of expert chartering, investment 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 2026 (incorporating the directors' report and auditor's report). |
9,727,971 |
99.92 |
7,494 |
0.08 |
9,735,465 |
2,106 |
|
2. |
To approve the directors' remuneration report for the year ended 28 February 2026. |
8,649,872 |
88.86 |
1,083,990 |
11.14 |
9,733,862 |
3,709 |
|
3. |
To approve the directors' remuneration policy. |
8,480,374 |
87.16 |
1,248,740 |
12.84 |
9,729,114 |
8,457 |
|
4. |
To approve a final dividend of 4.5 pence per ordinary share for the year ended 28 February 2026, to be paid on 7 September 2026. |
9,733,846 |
99.97 |
3,219 |
0.03 |
9,737,065 |
506 |
|
5. |
To re-elect Grant Foley as a director of the Company. |
9,692,693 |
99.64 |
35,141 |
0.36 |
9,727,834 |
9,737 |
|
6. |
To re-elect Elizabeth Gooch as a director of the Company. |
9,498,719 |
97.63 |
230,615 |
2.37 |
9,729,334 |
8,237 |
|
7. |
To re-elect Joanne Lake as a director of the Company. |
9,502,450 |
97.67 |
226,884 |
2.33 |
9,729,334 |
8,237 |
|
8. |
To re-elect Nigel Payne as a director of the Company. |
9,483,816 |
97.48 |
245,518 |
2.52 |
9,729,334 |
8,237 |
|
9. |
To elect Richard Prince as a director of the Company. |
9,713,630 |
99.84 |
15,704 |
0.16 |
9,729,334 |
8,237 |
|
10. |
To re-appoint BDO LLP as auditor to the Company. |
8,578,334 |
88.21 |
1,146,298 |
11.79 |
9,724,632 |
12,939 |
|
11. |
To authorise the Audit & Risk Committee of the Company to determine BDO LLP's remuneration. |
9,705,301 |
99.80 |
19,860 |
0.20 |
9,725,161 |
12,410 |
|
12. |
Authority to allot share capital. |
9,668,490 |
99.31 |
67,199 |
0.69 |
9,735,689 |
1,882 |
|
13. |
To approve the Braemar Plc Restricted Share Plan. |
8,692,708 |
89.31 |
1,040,013 |
10.69 |
9,732,721 |
4,850 |
|
14. |
Authority to disapply pre-emption rights* |
9,613,119 |
98.74 |
122,570 |
1.26 |
9,735,689 |
1,882 |
|
15. |
Authority to further disapply pre-emption rights* |
9,616,497 |
98.80 |
117,188 |
1.20 |
9,733,685 |
3,886 |
|
16. |
Authority to purchase own shares* |
9,706,358 |
99.71 |
28,285 |
0.29 |
9,734,643 |
2,928 |
|
17. |
Authority to call a general meeting (other than the Annual General Meeting) on 14 clear days' notice* |
9,707,220 |
99.70 |
29,539 |
0.30 |
9,736,759 |
812 |
* 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 as at 2 July 2026 is 33,067,603.
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.
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 14 to 17 will be filed with Companies House.
For further information, contact:
|
Braemar Plc |
Tel: +44 (0)20 3142 4100 |
|
Grant Foley, Group Chief Executive Officer |
|
|
Richard Heading, Group Chief Financial Officer |
|
|
Rebecca-Joy Wekwete, Company Secretary |
|
|
|
|
|
Houston |
Tel: +44 (0)20 4529 0549 |
|
Kate Hoare / Charlie Barker / Polly Clarke |
Tel: +44 (0)77 3303 2695 |
|
|
|
|
|
|
|
Canaccord Genuity |
Tel: +44 (0) 20 7523 8000 |
|
Adam James / Harry Rees |
|
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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