Hostelworld Group PLC Results of 2019 AGM (7998A)

TIDMHSW

RNS Number : 7998A

Hostelworld Group PLC

31 May 2019

LEI: 213800OC94PF2D675H41

Hostelworld Group plc

(the "Company")

RESULTS OF 2019 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 - 5 and 7 - 17 that were set out in the notice of AGM were duly passed on a show of hands. Following the announcement by the Company on 3 May 2019 that Andy McCue would step down as a director of the Company following the AGM, a motion was put to the meeting to withdraw Resolution 6 seeking his re-election as a director. This motion was approved at the AGM and Resolution 6 was duly withdrawn.

The proxy votes were cast as follows:

 
 Resolution                      For        Against        Votes       Total proxy     Percentage 
                                                          withheld*     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 
  2018                        76,005,197       0            750        76,005,197        79.53% 
                                (100%) 
                             -----------  -----------  -------------  ------------  --------------- 
 2. To approve the 
  Directors' remuneration 
  report                      70,326,483   4,478,884     1,200,580     74,805,367        78.27% 
                               (94.01%)      (5.99%) 
                             -----------  -----------  -------------  ------------  --------------- 
 3. To approve the 
  Directors' remuneration 
  policy                      62,810,003   13,195,194       750        76,005,197        79.53% 
                               (82.64%)     (17.36%) 
                             -----------  -----------  -------------  ------------  --------------- 
 4. To declare a 
  final dividend of 
  EUR0.09 per ordinary 
  share                       76,005,157       40           750        76,005,197        79.53% 
                                (100%) 
                             -----------  -----------  -------------  ------------  --------------- 
 5. To re-elect Michael 
  Cawley as a director        73,288,773   2,716,424        750        76,005,197        79.53% 
                               (96.43%)      (3.57%) 
                             -----------  -----------  -------------  ------------  --------------- 
 6. To re-elect Andy 
  McCue as a director                                  Resolution withdrawn 
                             ---------------------------------------------------------------------- 
 7. To re-elect Carl 
  Shepherd as a director      76,005,157         40           750      76,005,197        79.53% 
                                (100%) 
                             -----------  ---------------  ---------  ------------  --------------- 
 8. To re- elect 
  Éimear Moloney 
  as a director               71,655,495     4,349,702        750      76,005,197        79.53% 
                               (94.28%)        (5.72%) 
                             -----------  ---------------  ---------  ------------  --------------- 
 9. To elect Gary 
  Morrison as a director      76,005,157         40           750      76,005,197        79.53% 
                                (100%) 
                             -----------  ---------------  ---------  ------------  --------------- 
 10. To elect TJ 
  Kelly as a director         75,977,001       28,196         750      76,005,197        79.53% 
                               (99.96%)        (0.04%) 
                             -----------  ---------------  ---------  ------------  --------------- 
 11. To re-appoint 
  Deloitte as auditors 
  to the Company              74,505,721     1,500,226         0       76,005,947        79.53% 
                               (98.03%)        (1.97%) 
                             -----------  ---------------  ---------  ------------  --------------- 
 12. To authorise 
  the Directors to 
  fix the auditors' 
  remuneration                76,004,936       1,011           0       76,005,947        79.53% 
                                (100%) 
                             -----------  ---------------  ---------  ------------  --------------- 
 13. To authorise 
  the directors to 
  allot shares                62,203,581     13,801,616       750      76,005,197        79.53% 
                               (81.84%)       (18.16%) 
                             -----------  ---------------  ---------  ------------  --------------- 
 14. To authorise 
  the directors to 
  dis-apply pre-emption 
  rights                      76,005,157        790            0       76,005,947        79.53% 
                                (100%) 
                             -----------  ---------------  ---------  ------------  --------------- 
 15. To authorise 
  the Company to purchase 
  its own shares              74,806,117     1,199,830         0       76,005,947        79.53% 
                               (98.42%)        (1.58%) 
                             -----------  ---------------  ---------  ------------  --------------- 
 16. To authorise 
  the Company to make 
  political donations 
  and incur political 
  expenditure                 76,004,957        990            0       76,005,947        79.53% 
                                (100%) 
                             -----------  ---------------  ---------  ------------  --------------- 
 17. To authorise 
  the calling of a 
  general meeting 
  other than an Annual 
  General Meeting 
  on not less than 
  14 clear days' notice       75,896,252      108,945         750      76,005,947        79.53% 
                               (99.86%)        (0.14%) 
                             -----------  ---------------  ---------  ------------  --------------- 
 
 

Notes:

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

(ii) The number of ordinary shares in issue on 31 May 2019 (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 5, 7 to 13 and 16 were passed as ordinary resolutions and Resolutions 14, 15 and 17 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 Euronext, Dublin, 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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May 31, 2019 09:05 ET (13:05 GMT)