Braemar Shipping Services PLC Results of General Meeting (8469R)
September 26 2017 - 5:17AM
UK Regulatory
TIDMBMS
RNS Number : 8469R
Braemar Shipping Services PLC
26 September 2017
THIS ANNOUNCMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER
JURISDICTION IN WHICH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL.
26 September 2017
BRAEMAR SHIPPING SERVICES PLC
Results of General Meeting
Further to the announcement by Braemar Shipping Services plc
("Braemar") on 7 September 2017 in connection with the conditional
acquisition of the entire issued share capital of NAVES Corporate
Finance GmbH (the "Acquisition"), Braemar announces that all
resolutions put to the Shareholders at the General Meeting held
today in connection with the Acquisition were duly passed by the
required majority on a show of hands.
Proxy votes received by Braemar from Shareholders before the
General Meeting are summarised below. There were 30,173,759
Ordinary Shares in issue as at the close of business on 22
September 2017 (being the total number of shares entitling holders
to attend and vote at the General Meeting).
Resolution Total % Total % Total Total
Votes Votes Votes Votes
For Against Withheld Cast
------------- ---------- ------ --------- ----- ---------- ----------
Proposed
1 acquisition 7,285,522 96.89 234,647 3.11 2,806 7,538,451
------------- ---------- ------ --------- ----- ---------- ----------
Section 551
authority
2 to allot 7,268,047 96.82 239,319 3.18 9,630 7,538,451
------------- ---------- ------ --------- ----- ---------- ----------
Notes
1. Any proxy appointments which gave discretion to the Chairman
have been included in the "for" total.
2. A "vote withheld" is not a vote in law and is not counted in
the calculation of the proposition of the votes "for" and "against"
a resolution.
A copy of the above resolutions passed at the General Meeting
will be submitted to the National Storage Mechanism and will
shortly be available for inspection at
www.morningstar.co.uk/uk/NSM.
It is expected that Completion of the Acquisition will take
place later today. Braemar will make a further announcement once
Completion has occurred.
Unless otherwise defined, capitalised terms shall have the
meaning as those set out in the "Definitions" section of the
announcement issued by Braemar at 7.00 a.m. on 7 September.
Enquiries:
Braemar Shipping Services
plc
James Kidwell, Chief Executive
Louise Evans, Group Finance
Director +44 (0) 20 3142 4100
PricewaterhouseCoopers
LLP
Financial Adviser
Coolin Desai
Jon Raggett +44 (0) 20 7583 5000
Stockdale Securities Limited
Sponsor and Financial
Adviser
Robert Finlay
Antonio Bossi
Edward Thomas +44 (0) 20 7601 6100
Buchanan Communications
Financial PR for Braemar
Charles Ryland
Vicky Hayns +44 (0) 20 7466 5000
Notes to Editors:
About Braemar Shipping Services plc
Braemar Shipping Services plc is a leading international
provider of knowledge and skill-based services to the shipping,
marine, energy, offshore and insurance industries. Founded in 1972,
Braemar employs approximately 850 in more than 70 locations
worldwide across its Shipbroking, Technical and Logistics
divisions.
Braemar joined the Official List of the London Stock Exchange in
November 1997 and trades under the symbol BMS.
For more information, visit www.braemar.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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