Braemar PLC - London-based shipbroker and advisor in shipping investment - Confirms its proposed capital reduction was approved by the court, and will become effective once processed at Companies House.

Back in February, Braemar proposed a capital reduction to increase future dividend payments to its shareholders. The reduction required the passing of special resolutions at a general meeting, as well as court approval.

Current stock price: 284.03 pence, flat on Friday

12-month change: up 1.4%

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