Dalata Hotel Group PLC: AGM Results

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 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;

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.

Resolution 2:

To receive and consider the Directors’ Report on Remuneration for the year ended 31 December 2024

Resolution 3:

To receive and consider the Company’s Remuneration Policy

Resolution 4:

To declare a final dividend of 8.4 cent per ordinary share for the year ended 31 December 2024

Resolution 5 (a):

To re-appoint John Hennessy as a Director

Resolution 5 (b):

To re-appoint Dermot Crowley as a Director.

Resolution 5 (c):

To re-appoint Elizabeth McMeikan as a Director.

Resolution 5 (d):

To re-appoint Cathriona Hallahan as a Director.

Resolution 5 (e):

To re-appoint Gervaise Slowey as a Director.

Resolution 5 (f):

To re-appoint Shane Casserly as a Director.

Resolution 5 (g):

To re-appoint Carol Phelan as a Director.

Resolution 5 (h):

To re-appoint Jon Mortimore as a Director.

Resolution 5 (i):

To re-appoint Des McCann as a Director.

Resolution 6:

To authorise the Directors to determine the remuneration of the Auditors

Resolution 7:

Authority to allot relevant securities up to customary limits

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%

Resolution 9:

Disapplication of statutory pre-emption rights in specified circumstances

Resolution 10:

Disapplication of statutory pre-emption rights in additional circumstances for financing an acquisition or capital investment by the Company

Resolution 11:

Authorisation of market purchases of the Company’s shares

Resolution 12:

Authorisation for the re-allotment of treasury shares

Resolution 13:

To authorise the Directors to hold certain general meetings on 14 days’ notice

Resolution 14:

To amend the constitution of the Company as detailed in the Notice of AGM

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: www.dalatahotelgroup.com

Publication on Website

A copy of this announcement will be available on the Group's website at 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