Hostelworld Group PLC Results of 2018 AGM (9998Q)

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RNS Number : 9998Q

Hostelworld Group PLC

11 June 2018

LEI: 213800OC94PF2D675H41

Hostelworld Group plc

(the "Company")

RESULTS OF 2018 ANNUAL GENERAL MEETING

The Annual General Meeting ("AGM") of Hostelworld Group Plc (the "Company") was held at the offices of the Company, Floor 2, One Central Park, Leopardstown, Dublin 18, Ireland at 12 noon today.

At the AGM resolutions 1 - 3 and 5 - 15 that were set out in the notice of AGM were duly passed on a show of hands. Following the announcement by the Company on 14 May 2018 that Feargal Mooney would step down as a director of the Company following the AGM, a motion was put to the meeting to withdraw Resolution 4 seeking his re-election as a director. This motion was approved at the AGM and Resolution 4 was duly withdrawn.

The proxy votes were cast as follows:

 
 Resolution                     For        Against     Votes withheld*   Total proxy     Percentage 
                                                                          votes cast      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 
  2017                       86,493,682     5,723           1,500        86,499,405        90.51% 
                              (99.99%)      (0.01%) 
                            -----------  -----------  ----------------  ------------  --------------- 
 2. To approve the 
  Directors' remuneration 
  report                     82,397,515   2,777,512       1,325,878      85,175,027        89.12% 
                              (96.74%)      (3.26%) 
                            -----------  -----------  ----------------  ------------  --------------- 
 3. To declare a final 
  dividend of EUR0.12 
  per ordinary share         85,404,778   1,096,128           0          86,500,906        90.51% 
                              (98.73%)      (1.27%) 
                            -----------  -----------  ----------------  ------------  --------------- 
 4. To re-elect Feargal 
  Mooney as a director                                  Resolution withdrawn 
                            ------------------------------------------------------------------------- 
 5. To re-elect Michael 
  Cawley as a director       84,607,815    568,946        1,324,143      85,176,761        89.12% 
                              (99.33%)      (0.67%) 
                            -----------  -----------  ----------------  ------------  --------------- 
 6. To re-elect Andy 
  McCue as a director        85,033,867   1,467,038           0          86,500,905        90.51% 
                              (98.30%)      (1.70%) 
                            -----------  -----------  ----------------  ------------  --------------- 
 7. To elect Carl 
  Shepherd as a director     86,398,279    102,627            0          86,500,906        90.51% 
                              (99.88%)      (0.12%) 
                            -----------  -----------  ----------------  ------------  --------------- 
 8. To elect Éimear 
  Moloney as a director      86,188,320    312,586            0          86,500,906        90.51% 
                              (99.64%)      (0.36%) 
                            -----------  -----------  ----------------  ------------  --------------- 
 9. To re-appoint 
  Deloitte as auditors 
  to the Company             85,165,406   1,335,499           0          86,500,905        90.51% 
                              (98.46%)      (1.54%) 
                            -----------  -----------  ----------------  ------------  --------------- 
 10. To authorise 
  the Directors to 
  fix the auditors' 
  remuneration               86,499,406     1,500             0          86,500,906        90.51% 
                               (100%)       (0.00%) 
                            -----------  -----------  ----------------  ------------  --------------- 
 11. To authorise 
  the directors to 
  allot shares               71,371,623   15,129,033         250         86,500,656        90.51% 
                              (82.51%)      (17.49%) 
                            -----------  -----------  ----------------  ------------  --------------- 
 12. To authorise 
  the directors to 
  dis-apply pre-emption 
  rights                     86,114,156    386,500           250         86,500,656        90.51% 
                              (99.55%)      (0.45%) 
                            -----------  -----------  ----------------  ------------  --------------- 
 13. To authorise 
  the Company to purchase 
  its own shares             84,056,542   2,430,377        13,986        86,486,919        90.50% 
                              (97.18%)      (2.81%) 
                            -----------  -----------  ----------------  ------------  --------------- 
 14. To authorise 
  the Company to make 
  political donations 
  and incur political 
  expenditure                84,778,026    398,736        1,324,143      85,176,762        89.12% 
                              (99.53%)      (0.47%) 
                            -----------  -----------  ----------------  ------------  --------------- 
 15. To authorise 
  the calling of a 
  general meeting other 
  than an Annual General 
  Meeting on not less 
  than 14 clear days' 
  notice                     85,763,322    736,099          1,485        86,499,421        90.51% 
                              (99.15%)      (0.85%) 
                            -----------  -----------  ----------------  ------------  --------------- 
 
 

Notes:

   (i)               Votes 'For' include those votes giving the Chairman discretion. 

(ii) The number of ordinary shares in issue on 11 June 2018 (excluding shares held in treasury) was 95,570,778. Shareholders are entitled to one vote per share.

(iii) 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 3, 5 to 11 and 14 were passed as ordinary resolutions and Resolutions 12, 13 and 15 were passed as special resolutions.

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).

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June 11, 2018 08:24 ET (12:24 GMT)