REG - Dar Global PLC - Result of AGM

Dar GlobalAnnouncement

24/06/2025 15:15

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RNS Number : 2280O  Dar Global PLC  24 June 2025

 For immediate release  24 June 2025

 

 

Dar Global plc

('Dar Global', the 'Company' or the 'Group')

 

Result of AGM

 

Dar Global, the London-listed luxury real estate developer, announces that at
its Annual General Meeting ('AGM') held earlier today all the resolutions set
out in the Notice of AGM were passed.  All resolutions were voted on by way
of a poll.  The results of the poll for each resolution were as follows:

 

 Resolution                                                                     For               For   Against (No. of shares)  Against (%)  Votes Withheld (No. of shares)  Total Votes  % of ISC Voted

                                                                                (No. of shares)   (%)
 1. To receive the Annual Report and Accounts                                   175,423,602       100   0                        0            0                               175,423,602

                                                                                                                                                                                           97.45
 2. To approve the Directors' Remuneration Report                               175,423,602       100   0                        0            0                               175,423,602

                                                                                                                                                                                           97.45
 3. To elect Ziad El Chaar as a Director of the Company                         175,423,602       100   0                        0            0                               175,423,602

                                                                                                                                                                                           97.45
 4. To elect David Weinreb as a Director of the Company                         175,423,602       100   0                        0            0                               175,423,602

                                                                                                                                                                                           97.45
 5. To elect Maurice Horan as a Director of the Company                         175,423,602       100   0                        0            0                               175,423,602

                                                                                                                                                                                           97.45
 6. To elect Richard Stockdale as a Director of the Company                     175,423,602       100   0                        0            0                               175,423,602

                                                                                                                                                                                           97.45
 7. To elect Sheikh Yousef Al-Shelash as a Director of the Company              175,423,602       100   0                        0            0                               175,423,602

                                                                                                                                                                                           97.45
 8. To reappoint KPMG LLP as auditor of the Company                             175,423,602       100   0                        0            0                               175,423,602

                                                                                                                                                                                           97.45

 9. To authorise the Audit and Risk Committee to determine the remuneration of  175,423,602       100   0                        0            0                               175,423,602
 the Auditor to the Company

                                                                                                                                                                                           97.45
 10. That the Directors be authorised to allot shares in the Company            175,423,602       100   0                        0            0                               175,423,602

                                                                                                                                                                                           97.45
 11. To authorise the Directors to disapply pre-emption rights*                 175,423,418       100   0                        0            184                             175,423,418

                                                                                                                                                                                           97.45
 12. Additional authority for the Directors to disapply pre-emption rights for  175,423,418       100   0                        0            184                             175,423,418
 the purpose of financing an acquisition or other capital investment*

                                                                                                                                                                                           97.45
 13. To authorise the Company to make market purchases of ordinary shares of    175,423,602       100   0                        0            0                               175,423,602
 the Company*

                                                                                                                                                                                           97.45
 14. That a general meeting, other than an AGM, may be called on not less than  175,423,602       100   0                        0            0                               175,423,602
 14 clear days' notice*

                                                                                                                                                                                           97.45

 

* special resolution

 

 NOTES:

 1.      All resolutions were passed.

 2.      Proxy appointments which gave discretion to the Chair of the AGM have been
         included in the 'For' total for the appropriate resolution.

 3.      Votes 'For' and 'Against' any resolution are expressed as a percentage of
         votes validly cast for that resolution.

 4.      A 'Vote withheld' is not a vote in law and is not counted in the calculation
         of the percentage of shares voted 'For' or 'Against' any resolution.

 5.      The number of shares in issue on close of business on 23.06.2025
         was 180,021,612 ordinary shares, carrying one vote each, and at that time,
         the Company did not hold any shares in treasury.

 6.      The full text of the resolutions passed at the AGM can be found in the Notice
         of Annual General Meeting which is available on the Company's website at www.
         (http://www.) darglobal.co.uk (http://www.darglobal.co.uk/)
 7.      In accordance with listing rule 14.3.6R, a copy of resolutions 11-14 passed at
         the AGM will shortly be submitted to the National Storage Mechanism and will
         be available for inspection at
         https://data.fca.org.uk/#/nsm/nationalstoragemechanism
         (https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

 

- Ends -

 

 

For further enquiries, please contact:

 

 Dar Global plc  IR@darglobal.co.uk (mailto:IR@darglobal.co.uk)

 

 Burson Buchanan (Financial Communications)  Tel: +44 (0) 20 7466 5000
 Henry Harrison-Topham / Simon Compton       darglobal@buchanancomms.co.uk (mailto:darglobal@buchanancomms.co.uk)

                                             www.bursonbuchanan.com (http://www.bursonbuchanan.com)

 

Notes to editors:

 

Dar Global PLC is a highly differentiated international real estate business.
It focuses predominantly on developing real estate projects comprising second
homes for internationally mobile customers, in some of the most desirable
locations across the Middle East and Europe, including Jeddah and Riyadh in
Saudi Arabia, downtown Dubai, Muscat in Oman, London and the Costa del Sol
region in the South of Spain.

 

Dar Global was originally established to house and develop the international
assets of Dar Al Arkan Real Estate Development PJSC ('DAARE'), a leading real
estate developer in the Kingdom of Saudi Arabia.  Listed on the Saudi Stock
Exchange since 2007, Dar Al Arkan has delivered over 15,000 residential units
with total assets of c. US$7.5 billion.

 

The Company intends to expand its focus to hospitality assets. The aim is to
acquire or build hotels and sell them after a period of three to five years of
operation once the hotels' or resorts' revenue streams stabilise. Target
markets include the US, Spain, Dubai, Maldives, Athens, Saudi Arabia, and
London.

 

Dar Global was admitted to the Main Market of the London Stock Exchange on 28
February 2023. For more information, please visit www.DarGlobal.co.uk
(http://www.DarGlobal.co.uk)

 

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