Result of AGM

25 March 2020

easyHotel plc

("easyHotel")

Result of Annual General Meeting

and

Result of General Meeting

easyHotel, the owner, developer, operator and franchisor of "super budget" branded hotels, announces the following:

Annual General Meeting

At its Annual General Meeting held earlier today all resolutions were all duly passed. 

General Meeting

At the General Meeting held earlier today in respect of the conditional £11 million (gross) fundraising by way of subscription all resolutions were all duly passed.

The Subscription remains conditional, inter alia, upon Admission. Admission is expected to become effective at 8.00 a.m. on 26 March 2020.

Following Admission the number of Ordinary Shares in issue is expected to be 157,533,494 (the "Voting Rights Figure"). The Company has no shares in treasury at the date of this announcement. The Voting Rights Figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their voting rights interest, or a change to that interest, in the Company under the FCA's Disclosure Guidance and Transparency Rules.

A summary of the votes submitted by proxy before both the Annual General Meeting and the General Meeting will be provided on the Company's website at http://ir.easyhotel.com. 

Terms defined in the circular dated 6 March 2020 have the same meaning in this announcement, save where the context otherwise requires.

Enquiries:

Notes to Editors:

www.easyhotel.com http://ir.easyhotel.com

easyHotel is the owner, developer, operator and franchisor of branded hotels. Its strategy is to target the super budget segment of the hotel industry by marketing "clean, comfortable and safe" hotel rooms to its customers. 

Operating hotels

easyHotel has an estate of 40 hotels with 3,759 rooms, comprising 27 franchised hotels (2,332 rooms) and 13 owned hotels (1,427 rooms).

Owned hotels:

United Kingdom: Old Street (London), Glasgow, Croydon, Birmingham, Manchester, Liverpool, Newcastle*, Leeds, Sheffield, Ipswich, Milton Keynes.

Spain: Barcelona

France: Nice

Franchise locations:

United Kingdom: Edinburgh, London Heathrow, Central London, Luton, Reading and Belfast.

Europe: Belgium (Brussels), Bulgaria (Sofia), Germany (Berlin, Frankfurt, Bernkastel-Kues), Hungary (Budapest), The Netherlands (Amsterdam: City, Arena & Zaandam, Amsterdam Schiphol Airport, Rotterdam, The Hague, The Hague Scheveningen Beach, Maastricht), Portugal (Lisbon), Switzerland (Basel, Zurich).

International: UAE (Dubai).

Hotel development pipeline

Owned hotels:

United Kingdom: Chester, Cardiff, Oxford*, Blackpool, Cambridge* and Bristol#.

Europe: Ireland (Dublin), France (Paris-Charles de Gaulle Airport*), Spain (Madrid)

Franchise hotels:

United Kingdom: Derby

Europe: Spain (Malaga), Switzerland (Zurich: City Centre, Limmatplatz).

International: Israel (Tel Aviv - three locations)

* Hotels under an operating lease.

# Subject to planning permission.

-ends-