DJ Dalata Hotel Group PLC: AGM Results
Dalata Hotel Group PLC (DAL,DHG)
Dalata Hotel Group PLC: AGM Results
30-Apr-2025 / 16:26 GMT/BST
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AGM RESULTS
ISE: DHG LSE: DAL
Dublin and London | 30 April 2025: Dalata Hotel Group plc ('Dalata' or the 'Group'), the UK and Ireland's largest
independent four-star hotel operator, with a growing presence in Continental Europe, today announces that all
resolutions proposed at the Annual General Meeting of the Company were passed, apart from one resolution which was not
passed as detailed further below.
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 28 March 2025 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 Euronext Dublin and the UK National Storage Mechanism and will shortly be available for inspection
at;
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
The results of the proxy voting received for each resolution, are outlined below.
Resolution 1:
To receive and consider the annual report and financial statements of the company for the year ended 31 December 2024
together with the Directors and Auditors Reports and a review of the affairs of the Company.
Total Votes
Votes For Votes Against Total including withheld
Votes Withheld
No. % No. % Votes
71,295,644 100.00% - 0% 71,295,644 611,979 71,907,623
Resolution 2:
To receive and consider the Directors' Report on Remuneration for the year ended 31 December 2024
Total Votes
Votes For Votes Against Total including withheld
Votes Withheld
No. % No. % Votes
71,363,831 99.24% 543,792 0.76% 71,907,623 - 71,907,623
Resolution 3:
To receive and consider the Company's Remuneration Policy
Total Votes
Votes For Votes Against Total including withheld
Votes Withheld
No. % No. % Votes
71,186,400 99.24% 543,792 0.76% 71,730,192 177,431 71,907,623
Resolution 4:
To declare a final dividend of 8.4 cent per ordinary share for the year ended 31 December 2024
Total Votes
Votes For Votes Against Total including withheld
Votes Withheld
No. % No. % Votes
71,907,623 100% - 0% 71,907,623 - 71,907,623
Resolution 5 (a):
To re-appoint John Hennessy as a Director
Total Votes
Votes For Votes Against Total including withheld
Votes Withheld
No. % No. % Votes
64,530,516 89.74% 7,377,107 10.26% 71,907,623 - 71,907,623
Resolution 5 (b):
To re-appoint Dermot Crowley as a Director.
Total Votes
Votes For Votes Against Total including withheld
Votes Withheld
No. % No. % Votes
70,714,597 98.34% 1,193,026 1.66% 71,907,623 - 71,907,623
Resolution 5 (c):
To re-appoint Elizabeth McMeikan as a Director.
Total Votes
Votes For Votes Against Total including withheld
Votes Withheld
No. % No. % Votes
60,252,330 83.79% 11,655,293 16.21% 71,907,623 - 71,907,623
Resolution 5 (d):
To re-appoint Cathriona Hallahan as a Director.
Total Votes
Votes For Votes Against Total including withheld
Votes Withheld
No. % No. % Votes
70,519,294 98.07% 1,388,329 1.93% 71,907,623 - 71,907,623
Resolution 5 (e):
To re-appoint Gervaise Slowey as a Director.
Total Votes
Votes For Votes Against Total including withheld
Votes Withheld
No. % No. % Votes
70,867,667 98.55% 1,039,956 1.45% 71,907,623 - 71,907,623
Resolution 5 (f):
To re-appoint Shane Casserly as a Director.
Total Votes
Votes For Votes Against Total including withheld
Votes Withheld
No. % No. % Votes
70,138,097 97.54% 1,769,526 2.46% 71,907,623 - 71,907,623
Resolution 5 (g):
To re-appoint Carol Phelan as a Director.
Total Votes
Votes For Votes Against Total including withheld
Votes Withheld
No. % No. % Votes
70,714,597 98.34% 1,193,026 1.66% 71,907,623 - 71,907,623
Resolution 5 (h):
To re-appoint Jon Mortimore as a Director.
Total Votes
Votes For Votes Against Total including withheld
Votes Withheld
No. % No. % Votes
70,980,401 98.71% 927,222 1.29% 71,907,623 - 71,907,623
Resolution 5 (i):
To re-appoint Des McCann as a Director.
Total Votes
Votes For Votes Against Total including withheld
Votes Withheld
No. % No. % Votes
70,714,597 98.34% 1,193,026 1.66% 71,907,623 - 71,907,623
Resolution 6:
To authorise the Directors to determine the remuneration of the Auditors
Total Votes
Votes For Votes Against Total including withheld
Votes Withheld
No. % No. % Votes
71,455,915 99.37% 451,708 0.63% 71,907,623 - 71,907,623
Resolution 7:
Authority to allot relevant securities up to customary limits
Total Votes
Votes For Votes Against Total including withheld
Votes Withheld
No. % No. % Votes
68,984,786 95.94% 2,922,837 4.06% 71,907,623 - 71,907,623
Resolution 8:
To amend the reference in Rule 6.1 of the Dalata Hotel Group plc 2017 Long Term Incentive Plan from 200% to 225%
Total Votes
Votes For Votes Against Total including withheld
Votes Withheld
No. % No. % Votes
71,181,500 99.24% 544,492 0.76% 71,725,992 177,431 71,903,423
Resolution 9:
Disapplication of statutory pre-emption rights in specified circumstances
Total Votes
Votes For Votes Against Total including withheld
Votes Withheld
No. % No. % Votes
71,271,022 99.11% 636,601 0.89% 71,907,623 - 71,907,623
Resolution 10:
Disapplication of statutory pre-emption rights in additional circumstances for financing an acquisition or capital investment by the Company
Total Votes
Votes For Votes Against Total including withheld
Votes Withheld
No. % No. % Votes
63,565,822 88.40% 8,341,801 11.60% 71,907,623 - 71,907,623
Resolution 11:
Authorisation of market purchases of the Company's shares
Total Votes
Votes For Votes Against Total including withheld
Votes Withheld
No. % No. % Votes
65,707,006 91.73% 5,926,340 8.27% 71,633,346 274,277 71,907,623
Resolution 12:
Authorisation for the re-allotment of treasury shares
Total Votes
Votes For Votes Against Total including withheld
Votes Withheld
No. % No. % Votes
71,907,623 100% - 0% 71,907,623 - 71,907,623
Resolution 13:
To authorise the Directors to hold certain general meetings on 14 days' notice
Total Votes
Votes For Votes Against Total including withheld
Votes Withheld
No. % No. % Votes
68,879,356 95.79% 3,028,267 4.21% 71,907,623 - 71,907,623
Resolution 14:
To amend the constitution of the Company as detailed in the Notice of AGM
Total Votes
Votes For Votes Against Total including withheld
Votes Withheld
No. % No. % Votes
42,832,642 59.57% 29,074,981 40.43% 71,907,623 - 71,907,623
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.
Resolution 14
Although the board notes that all other resolutions were approved by significant majorities, Resolution 14 to amend the constitution was not passed. It is acknowledged that many shareholders had concerns about the authority to permit virtual-only AGM's. As indicated in the Notice of AGM, the Company does not currently plan to hold any general meeting solely by electronic communications technology without a physical venue, but the Directors believe it is important to maintain the flexibility to do so in appropriate or exceptional circumstances. The board intends to consult with shareholders in order to understand the reasons behind this result and a summary of the engagement process undertaken will be included in the Company's next annual report, in accordance with the Irish Corporate Governance Code. If applicable, the Company will detail what impact the feedback has had on the decisions the board has taken and any actions or resolutions proposed, in the explanatory notes to resolutions at the next shareholder meeting.
ENDS
About Dalata
Dalata Hotel Group plc is the UK and Ireland's largest independent four-star hotel operator, with a growing presence in Continental Europe. Established in 2007, Dalata is backed by EUR1.7bn in hotel assets with a portfolio of 55 hotels, primarily comprising a mix of owned and leased hotels operating through its two main brands, Clayton and Maldron hotels. Dalata is ambitious to grow its portfolio of 11,990 rooms and pipeline of 1,867 rooms further in excellent locations in select, large cities and is targeting 21,000 rooms, either operational or in development, by 2030. For the year ended 31 December 2024, Dalata reported revenue of EUR652.2 million, basic earnings per share of 35.5 cent and Free Cashflow per Share of 55.8 cent. Dalata is listed on the Main Market of Euronext Dublin (DHG) and the London Stock Exchange (DAL). For further information visit: www.dalatahotelgroup.com
Publication on Website
A copy of this announcement will be available on the Group's website at https://dalatahotelgroup.com/ investor-relations by no later than 12.00 (noon) (Irish/UK time) on the business day following publication of this announcement. The content of the website referred to in this announcement is not incorporated into, and does not form part of, this announcement.
Contacts
Dalata Hotel Group plc investorrelations@dalatahotelgroup.com
Tel +353 1 206 9400
Dermot Crowley, CEO
Carol Phelan, CFO
Sean McKeon, Company Secretary and Head of Risk and Compliance
Niamh Carr, Head of Investor Relations
Joint Group Brokers
Davy: Anthony Farrell Tel +353 1 679 6363
Berenberg: Ben Wright Tel +44 20 3753 3069
Investor Relations and PR | FTI Consulting Tel +353 86 401 5250
Melanie Farrell dalata@fticonsulting.com
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ISIN: IE00BJMZDW83, IE00BJMZDW83 Category Code: RAG TIDM: DAL,DHG LEI Code: 635400L2CWET7ONOBJ04 OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 385711 EQS News ID: 2128272 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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(END) Dow Jones Newswires
April 30, 2025 11:26 ET (15:26 GMT)
