Result of AGM

RNS Number : 9216G

Hostelworld Group PLC

01 June 2017

 

RESULTS OF 2017 ANNUAL GENERAL MEETING

The Annual General Meeting ("AGM") of Hostelworld Group Plc (the "Company") was held at the offices of McCann FitzGerald, Riverside One, 37-42 Sir John Rogerson's Quay, Dublin 2, Ireland at 2 p.m. today.

At the AGM resolutions 1 - 13 and 15-18 that were set out in the notice of AGM were duly passed on a show of hands.  Resolution 14 was defeated on a poll. The proxy votes were cast as follows:

Resolution	For	Against	Votes withheld*	Total proxy votes cast	Percentage of  issued share capital voted (%)
1.      To adopt the reports of the Directors and Auditors and the audited accounts for the financial year ended 31 December 2016	76,174,101 (96.61%)	2,674,555 (3.39%)	0	78,848,656	82.50%
2.      To approve the Directors' remuneration report	78,081,452 (99.03%)	764,544 (0.97%)	2,660	78,845,996	82.50%
3.      To declare a final dividend of  €0.104  per ordinary share	78,848,656 (100%)	0 (0.00%)	0	78,848,656	82.50%
4.      To declare a supplementary dividend of €0.105  per ordinary share	78,848,656 (100%)	0 (0.00%)	0	78,848,656	82.50%
5.      To elect Feargal Mooney as a director	78,809,232 (99.95%)	39,424 (0.05%)	0	78,848,656	82.50%
6.      To elect Mari Hurley as a director	76,115,396 (96.56%)	2,713,979 (3.44%)	19,281	78,829,375	82.48%
7.      To elect Richard Segal as a director	72,193,015 (93.75%)	4,813,837 (6.25%)	1,841,803	77,006,852	80.58%
8.      To elect Michael Cawley as a director	78,764,012 (99.89%)	84,644 (0.11%)	0	78,848,656	82.50%
9.      To elect Andy McCue as a director	78,412,875 (99.45%)	435,781 (0.55%)	0	78,848,656	82.50%
10.    To re-appoint Deloitte as  auditors to the Company	77,933,782 (98.84%)	914,874 (1.16%)	0	78,848,656	82.50%
11.    To authorise the Directors to fix the auditors' remuneration	78,848,656 (100%)	0 (0.00%)	0	78,848,656	82.50%
12.    To authorise the directors to allot shares	59,086,778 (74.94%)	19,761,878 (25.06%)	0	78,848,656	82.50%
13.    To authorise the directors to dis-apply pre-emption rights - general	78,848,656 (100%)	0 (0.00%)	0	78,848,656	82.50%
15.     To authorise the Company to  purchase its own shares	78,436,713 (99.48%)	411,943 (0.52%)	0	78,848,656	82.50%
16.    To approve the rules and implementation of the Hostelworld Group plc Save As You Earn Plan	78,827,685 (99.97%)	20,971 (0.03%)	0	78,848,656	82.50%
17.    To authorise the Company to make political donations and incur political expenditure	75,363,606 (96.07%)	3,085,137 (3.93%)	399,913	78,448,743	82.09%
18.    To authorise the calling of a general meeting other than an Annual General Meeting on not less than 14 clear days' notice	78,286,137 (99.29%)	562,518 (0.71%)	0	78,848,655	82.50%

The poll results for Resolution 14 were as follows:

Resolution	For	Against	Votes withheld*	Total votes cast	Percentage of  issued share capital voted (%)
14.     To authorise the directors to dis-apply pre-emption rights -specific capital expenditure	58,739,965 (74.46%)	20,147,699 (25.54%)	6,850	78,887,664	82.54%

*A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes validly cast.

Resolutions 1 to 12 and 16 and 17 were passed as ordinary resolutions and Resolutions 13, 15 and 18 were passed as special resolutions.

The number of ordinary shares in issue on 1 June 2017 (excluding shares held in treasury) was 95,570,778.  Shareholders are entitled to one vote per share. 

In accordance with UK Listing Rule 9.6.2R copies of the resolutions passed at the AGM have been submitted to the UK Listing Authority via the National Storage Mechanism, and the Irish Stock Exchange, and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM

A copy of this announcement setting out the results of the AGM is also available on the Company's website at www.hostelworldgroup.com.

The full text of each of the resolutions is set out in the notice of AGM, copies of which are available on the Company's website (www.hostelworldgroup.com).

 

END

 

 

RAGOKDDNPBKDFAK