REG-Dalata Hotel Group PLC Dalata Hotel Group PLC: AGM Results
Yesterday 16:30
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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
1 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;
2 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 Total including
Votes For Votes Against 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 Total including
Votes For Votes Against 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 Total including
Votes For Votes Against 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 Total including
Votes For Votes Against 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 Total including
Votes For Votes Against 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 Total including
Votes For Votes Against 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 Total including
Votes For Votes Against 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 Total including
Votes For Votes Against 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 Total including
Votes For Votes Against 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 Total including
Votes For Votes Against 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 Total including
Votes For Votes Against 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 Total including
Votes For Votes Against 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 Total including
Votes For Votes Against 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 Total including
Votes For Votes Against 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 Total including
Votes For Votes Against 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 Total including
Votes For Votes Against 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 Total including
Votes For Votes Against 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 Total including
Votes For Votes Against 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 Total including
Votes For Votes Against 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 Total including
Votes For Votes Against 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 Total including
Votes For Votes Against 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 Total including
Votes For Votes Against 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 €1.7bn 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 €652.2
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:
3 www.dalatahotelgroup.com
Publication on Website
A copy of this announcement will be available on the Group's website at
4 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 5 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 Tel +353 86 401 5250
Consulting
Melanie Farrell 6 dalata@fticonsulting.com
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Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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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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5. mailto:investorrelations@dalatahotelgroup.com
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