Results of General Meeting

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 Votes For	%	Total Votes Against	%	Total Votes Withheld	Total Votes Cast
1	Proposed acquisition	7,285,522	96.89	234,647	3.11	2,806	7,538,451
2	Section 551 authority 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	[phone]
PricewaterhouseCoopers LLP Financial Adviser Coolin Desai Jon Raggett	[phone]
Stockdale Securities Limited Sponsor and Financial Adviser Robert Finlay Antonio Bossi Edward Thomas	[phone]
Buchanan Communications Financial PR for Braemar Charles Ryland Vicky Hayns	[phone]

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

 

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