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).