Results of 2018 AGM

RNS Number : 9998Q

Hostelworld Group PLC

11 June 2018

 

LEI: 213800OC94PF2D675H41

Hostelworld Group plc

(the "Company")

RESULTS OF 2018 ANNUAL GENERAL MEETING

The Annual General Meeting ("AGM") of Hostelworld Group Plc (the "Company") was held at the offices of the Company, Floor 2, One Central Park, Leopardstown, Dublin 18, Ireland at 12 noon today.

At the AGM resolutions 1 - 3 and 5 - 15 that were set out in the notice of AGM were duly passed on a show of hands.  Following the announcement by the Company on 14 May 2018 that Feargal Mooney would step down as a director of the Company following the AGM, a motion was put to the meeting to withdraw Resolution 4 seeking his re-election as a director. This motion was approved at the AGM and Resolution 4 was duly withdrawn.

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 2017	86,493,682 (99.99%)	5,723 (0.01%)	1,500		86,499,405	90.51%
2.      To approve the Directors' remuneration report	82,397,515 (96.74%)	2,777,512 (3.26%)	1,325,878		85,175,027	89.12%
3.      To declare a final dividend of  €0.12  per ordinary share	85,404,778 (98.73%)	1,096,128 (1.27%)	0		86,500,906	90.51%
4.      To re-elect Feargal Mooney as a director	Resolution withdrawn
5.      To re-elect Michael Cawley as a director	84,607,815 (99.33%)	568,946 (0.67%)		1,324,143	85,176,761	89.12%
6.      To re-elect Andy McCue as a director	85,033,867 (98.30%)	1,467,038 (1.70%)		0	86,500,905	90.51%
7.      To elect Carl Shepherd as a director	86,398,279 (99.88%)	102,627 (0.12%)		0	86,500,906	90.51%
8.      To elect Éimear Moloney  as a director	86,188,320 (99.64%)	312,586 (0.36%)		0	86,500,906	90.51%
9.      To re-appoint Deloitte as  auditors to the Company	85,165,406 (98.46%)	1,335,499 (1.54%)		0	86,500,905	90.51%
10.    To authorise the Directors to fix the auditors' remuneration	86,499,406 (100%)	1,500 (0.00%)		0	86,500,906	90.51%
11.    To authorise the directors to allot shares	71,371,623 (82.51%)	15,129,033 (17.49%)		250	86,500,656	90.51%
12.    To authorise the directors to dis-apply pre-emption rights	86,114,156 (99.55%)	386,500 (0.45%)		250	86,500,656	90.51%
13.    To authorise the Company to  purchase its own shares	84,056,542 (97.18%)	2,430,377 (2.81%)		13,986	86,486,919	90.50%
14.    To authorise the Company to make political donations and incur political expenditure	84,778,026 (99.53%)	398,736 (0.47%)		1,324,143	85,176,762	89.12%
15.    To authorise the calling of a general meeting other than an Annual General Meeting on not less than 14 clear days' notice	85,763,322 (99.15%)	736,099 (0.85%)		1,485	86,499,421	90.51%

Notes:

(i)               Votes 'For' include those votes giving the Chairman discretion.

(ii)              The number of ordinary shares in issue on 11 June 2018 (excluding shares held in treasury) was 95,570,778.  Shareholders are entitled to one vote per share. 

(iii)            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 3, 5 to 11 and 14 were passed as ordinary resolutions and Resolutions 12, 13 and 15 were passed as special resolutions.

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

 

 

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