BofA’s Hartnett says concentrated U.S. stock returns are likely to persist
LONDON - Braemar Plc (LSE:BMS), a provider of investment, chartering, and risk management advice to the shipping and energy markets, announced Wednesday that all resolutions proposed at its Annual General Meeting were approved by shareholders.
The company’s final dividend of 2.5 pence per ordinary share for the year ended February 28, 2025, was approved with 92.76% support. The dividend will be paid on September 8, 2025.
Shareholders voted to re-elect all board members, with Grant Foley receiving the highest approval rate at 99.78%. James Gundy’s re-election passed with 76.8% support, the lowest among the directors. The board noted this result follows "a pattern of voting among certain shareholders that is consistent with prior years" and stated it would "continue to engage with shareholders over the year ahead."
The company’s audited accounts for the fiscal year ended February 28, 2025, were approved by 99.9% of votes cast. BDO LLP was re-appointed as the company’s auditor with 82.79% support.
Special resolutions requiring a 75% majority were also passed, including authorities to disapply pre-emption rights, purchase the company’s own shares, and call general meetings on 14 days’ notice.
The total number of shares in issue as of July 2, 2025, is 32,595,877, according to the press release statement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.