Dalata Hotel Group PLC: Notice of EGM (1158665)

 
 Dalata Hotel Group PLC (DAL,DHG) 
Dalata Hotel Group PLC: Notice of EGM 
 
05-Jan-2021 / 16:20 GMT/BST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
     PUBLICATION OF CIRCULAR CONVENING AN EXTRAORDINARY GENERAL MEETING 
 
                           DALATA HOTEL GROUP PLC 
 
                               (the Company) 
 
                             ISE: DHG LSE: DAL 
 
 Dalata Hotel Group confirms that an Extraordinary General Meeting (the EGM) 
  of the Company will be held at Burton Court, Burton Hall Drive, Sandyford, 
                     Dublin D18 Y2T8, Ireland on 29 January 2021 at 11:30am. 
 
    The business of the EGM will be to consider and, if thought fit, approve 
      certain resolutions relating to the replacement of CREST with a system 
operated by Euroclear Bank SA/NV for the electronic settlement of trading in 
the Company's ordinary shares (the Resolutions). Approval of the Resolutions 
      is necessary to ensure the Company's shares can continue to be settled 
 electronically when they are traded on Euronext Dublin and the London Stock 
 Exchange and remain eligible for continued admission to trading and listing 
on those exchanges, which is crucial to the interests of the Company and its 
                                                    shareholders as a whole. 
 
 The circular which includes the notice of the EGM (the Circular) and a Form 
   of Proxy have been posted to shareholders today. The Board strongly urges 
      shareholders to review the contents of the Circular in their entirety, 
       including the documents referred to therein, and consider the Board's 
                        recommendation to vote in favour of the Resolutions. 
 
  The Circular, the Form of Proxy and copies of the documents referred to in 
                the Circular are available to view on the Company's website, 
www.dalatahotelgroup.com, and will be available for inspection during normal 
   business hours on any business day from the date of this letter until the 
                                EGM at the registered office of the Company. 
 
                                        Public Health Guidelines and the EGM 
 
   The well-being of shareholders and employees is a primary concern for the 
   Directors. We are closely monitoring the COVID-19 situation and will take 
   all recommendations and applicable law into account in the conduct of the 
  EGM. There will likely be very limited ability to attend the EGM in person 
     and the Board therefore strongly encourages shareholders to appoint the 
  chairman of the EGM as a proxy by submitting a proxy form not less than 48 
  hours before the time appointed for the EGM or any adjournment thereof, in 
  order to ensure they can exercise their vote and be represented at the EGM 
                                                without attending in person. 
 
Proxy forms can be submitted in advance of the EGM by availing of one of the 
                                   options set out in the notice of the EGM: 
 
· by post to the Company's registrar, Computershare Investor Services 
(Ireland) Limited, 3100 Lake Drive, Citywest Business Campus, Dublin 24, 
D24 AK82, Ireland; 
 
· by fax to [phone], provided it is received in legible form; 
 
· electronically by accessing www.eproxyappointment.com; 
 
· via the CREST System, where shares are held in CREST. 
 
        Any relevant updates regarding the EGM, including any changes to the 
   arrangements outlined in the Circular, will be announced via a Regulatory 
      Information Service and will be available on www.dalatahotelgroup.com. 
 
   In the event that it is not possible to hold the EGM either in compliance 
    with public health guidelines or applicable law or where it is otherwise 
    considered that proceeding with the EGM as planned poses an unacceptable 
  health and safety risk, the EGM may be adjourned or postponed or relocated 
        to a different time and/or venue, in which case notification of such 
  adjournment or postponement or relocation will be given in accordance with 
                                                             applicable law. 
 
                                  Further information in relation to the EGM 
 
In accordance with Irish Listing Rule 6.1.59 and UK Listing Rule 14.3.6, the 
     Circular and the Articles of Association of the Company in the proposed 
     amended form will be submitted to the Irish Stock Exchange t/a Euronext 
    Dublin and the UK's National Storage Mechanism and will be available for 
                                      inspection at the following locations: 
 
                                               Companies Announcement Office 
 
                                                             Euronext Dublin 
 
                                                          28 Anglesea Street 
 
                                                                    Dublin 2 
 
                                                   Tel. no: + 353 1 617 4200 
 
           and at https://data.fca.org.uk/#/nsm/nationalstoragemechanism [1] 
 
                                    For further information, please contact: 
 
                                                      Dalata Hotel Group plc 
 
                                                                 Sean McKeon 
 
                                                           Company Secretary 
 
                                                      Tel: [phone] 
 
                                                              Important Note 
 
          Announcements relating to the EGM contain (or may contain) certain 
 forward-looking statements with respect to certain of the Company's current 
  expectations and projections about future events, including Migration, and 
 the Company's future financial condition and performance. These statements, 
    which sometimes use words such as "aim", "anticipate", "believe", "may", 
  "will", "should", "intend", "plan", "assume", "estimate", "expect" (or the 
      negative thereof) and words of similar meaning, reflect the directors' 
       current beliefs and expectations and involve known and unknown risks, 
      uncertainties and assumptions, many of which are outside the Company's 
       control and difficult to predict (certain of which are set out in the 
                                        Circular with respect to Migration). 
 
     Due to such uncertainties and risks, readers are cautioned not to place 
   undue reliance on such forward-looking statements, which speak only as of 
the date hereof. In light of these risks, uncertainties and assumptions, the 
 events described in the forward-looking statements in this announcement may 
    not occur. The information contained in this announcement, including the 
 forward-looking statements, speaks only as of the date of this announcement 
 and is subject to change without notice and the Company does not assume any 
   responsibility or obligation to, and does not intend to, update or revise 
       publicly or review any of the information contained herein save where 
   indicated in the Circular, whether as a result of new information, future 
  events or otherwise, except to the extent required by Euronext Dublin, the 
     Central Bank of Ireland, the UK Financial Conduct Authority, the London 
   Stock Exchange, the NASDAQ Stock Market, the U.S. Securities and Exchange 
                                            Commission or by applicable law. 
 
   The defined terms set out in Part 9 of the Circular have the same meaning 
                                                                     herein. 
 
                                                                         END 
 
                                                                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 now 
consists of 29 owned hotels, 12 leased hotels and three management contracts 
 with a total of 9,211 bedrooms. In addition to this, the Group is currently 
       developing 13 new hotels and has plans to extend four of its existing 
  hotels, adding close to 3,300 bedrooms in total. This will bring the total 
    number of bedrooms in Dalata to over 12,500. For the first six months of 
  2020, Dalata reported revenue of &euro80.8 million and a loss after tax of 
   &euro63.1 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 [2] 
 
ISIN:           IE00BJMZDW83, IE00BJMZDW83 
Category Code:  MSCL 
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.:   90873 
EQS News ID:    1158665 
 
End of Announcement EQS News Service 
 
 
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(END) Dow Jones Newswires

January 05, 2021 11:20 ET (16:20 GMT)