Dalata Hotel Gp Regulatory News (DAL)

AGM RESULTS

ISE: DHG LSE: DAL

Dublin, 2 May 2019 | Dalata Hotel Group plc ("Dalata" or the "Group"), Ireland's largest hotel operator, today announces that all resolutions proposed at the Annual General Meeting of the Company were passed. Voting on all resolutions was conducted by poll and the results are set out below. The full text of each resolution was included in the notice of the Annual General Meeting of the Company circulated to shareholders on 01 April 2019 and made available on the Company's website www.dalatahotelgroup.com 

In accordance with the Listing Rules copies of the resolutions passed at the Annual General Meeting of the Company have been forwarded to both the Irish Stock Exchange and the UK National Storage Mechanism and will shortly be available for inspection at the following locations: -

Companies Announcements Office,

Euronext Dublin

28 Anglesea Street

Dublin 2

And

http://www.morningstar.co.uk/uk/NSM

The results of the proxy voting received for each resolution, are outlined below.

Resolution 1:

To receive and consider the annual report and accounts for the year ended 31 December 2018 together with the reports of the Directors and Auditors.

Resolution 2:

Recommendation for the payment of a final dividend.

Resolution 3:

To receive and consider the Director's Report on Remuneration for the year ended 31 December 2018.

Resolution 4 (a):

To re-appoint John Hennessy as a Director

Resolution 4 (b):

To re-appoint Pat McCann as a Director

Resolution 4 (c):

To re-appoint Stephen McNally as a Director.

Resolution 4 (d):

To re-appoint Dermot Crowley as a Director.

Resolution 4 (e):

To re-appoint Robert Dix as a Director.

Resolution 4 (f):

To re-appoint Alf Smiddy as a Director.

Resolution 4 (g):

To re-appoint Margaret Sweeney as a Director.

Resolution 5:

To authorise the Directors to determine the remuneration of the Auditors.

Resolution 6:

To authorise the Directors to allot shares.

Resolution 7:

Special resolution to authorise the Directors to dis-apply statutory

pre-emption rights.

Resolution 8:

Special resolution to authorise the Directors to dis-apply statutory

pre-emption rights in additional circumstances

Resolution 9:

Special resolution to authorise the Directors to make market purchases of the Company's shares

Resolution 10:

Special resolution to authorise the Directors to re-allot treasury shares

Resolution 11:

Special resolution to allow the Director's to call a general meeting using the shorter notice period (14 clear days)

The "Vote Withheld" option is provided to enable abstention on any particular resolution. However, it should be noted that a "Vote Withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "For" and "Against" a resolution.

ENDS

Upcoming events

Dalata expects to announce its results for the six months to 30 June 2019 on Tuesday 3 September 2019. Dalata will host a Capital Markets Day for analysts and institutional investors in London on Tuesday 5 November 2019. 

About Dalata

Dalata Hotel Group plc was founded in August 2007 and listed as a plc in March 2014. Dalata has a strategy of owning or leasing its hotels and also has a small number of management contracts. The Group's portfolio consists of 30 owned hotels, ten leased hotels and three management contracts with a total of 9,046 bedrooms. In addition to this, the Group is currently developing eight new hotels with a total of 2,193 bedrooms and these will open over the next three years. This will bring the total number of bedrooms in Dalata to over 11,000. Dalata now has close to 5,000 employees. For the full year 2018, Dalata reported revenue of €393.7 million and a profit after tax of €75.2 million. Dalata is listed on the Main Market of Euronext Dublin (DHG) and the London Stock Exchange (DAL). For further information visit: www.dalatahotelgroup.com.