TIDMEZH
RNS Number : 5803H
easyHotel PLC
25 March 2020
25 March 2020
easyHotel plc
("easyHotel")
Result of Annual General Meeting
and
Result of General Meeting
easyHotel, the owner, developer, operator and franchisor of
"super budget" branded hotels, announces the following:
Annual General Meeting
At its Annual General Meeting held earlier today all resolutions
were all duly passed.
General Meeting
At the General Meeting held earlier today in respect of the
conditional GBP11 million (gross) fundraising by way of
subscription all resolutions were all duly passed.
The Subscription remains conditional, inter alia, upon
Admission. Admission is expected to become effective at 8.00 a.m.
on 26 March 2020.
Following Admission the number of Ordinary Shares in issue is
expected to be 157,533,494 (the "Voting Rights Figure"). The
Company has no shares in treasury at the date of this announcement.
The Voting Rights Figure may be used by Shareholders as the
denominator for the calculations by which they will determine if
they are required to notify their voting rights interest, or a
change to that interest, in the Company under the FCA's Disclosure
Guidance and Transparency Rules.
A summary of the votes submitted by proxy before both the Annual
General Meeting and the General Meeting will be provided on the
Company's website at http://ir.easyhotel.com.
Terms defined in the circular dated 6 March 2020 have the same
meaning in this announcement, save where the context otherwise
requires.
Enquiries:
easyHotel plc
Scott Christie, Interim Chief www.easyhotel.com
Executive
Gary Burton, Chief Financial http://ir.easyhotel.com
Officer
Investec (Nominated Adviser
and Broker) +44 (0) 20 7597 5970
David Anderson
Houston PR (Financial PR) +44 (0) 20 3701 7660
Kate Hoare
Notes to Editors:
www.easyhotel.com http://ir.easyhotel.com
easyHotel is the owner, developer, operator and franchisor of
branded hotels. Its strategy is to target the super budget segment
of the hotel industry by marketing "clean, comfortable and safe"
hotel rooms to its customers.
Operating hotels
easyHotel has an estate of 40 hotels with 3,759 rooms,
comprising 27 franchised hotels (2,332 rooms) and 13 owned hotels
(1,427 rooms).
Owned hotels:
United Kingdom: Old Street (London), Glasgow, Croydon,
Birmingham, Manchester, Liverpool, Newcastle*, Leeds, Sheffield,
Ipswich, Milton Keynes.
Spain: Barcelona
France: Nice
Franchise locations:
United Kingdom: Edinburgh, London Heathrow, Central London,
Luton, Reading and Belfast.
Europe: Belgium (Brussels), Bulgaria (Sofia), Germany (Berlin,
Frankfurt, Bernkastel-Kues), Hungary (Budapest), The Netherlands
(Amsterdam: City, Arena & Zaandam, Amsterdam Schiphol Airport,
Rotterdam, The Hague, The Hague Scheveningen Beach, Maastricht),
Portugal (Lisbon), Switzerland (Basel, Zurich).
International: UAE (Dubai).
Hotel development pipeline
Owned hotels:
United Kingdom: Chester, Cardiff, Oxford*, Blackpool, Cambridge*
and Bristol(#) .
Europe: Ireland (Dublin), France (Paris-Charles de Gaulle
Airport*), Spain (Madrid)
Franchise hotels:
United Kingdom: Derby
Europe: Spain (Malaga), Switzerland (Zurich: City Centre,
Limmatplatz).
International: Israel (Tel Aviv - three locations)
* Hotels under an operating lease.
(#) Subject to planning permission.
-ends-
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END
RAGBDGDXUUDDGGU
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March 25, 2020 08:58 ET (12:58 GMT)
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