Hostelworld Group PLC Result of Meeting (0490O)
February 04 2021 - 07:29AM
UK Regulatory
TIDMHSW
RNS Number : 0490O
Hostelworld Group PLC
04 February 2021
February 2021
For Immediate Release
LEI:213800OC94PF2D675H41
HOSTELWORLD GROUP PLC (the "Company")
RESULTS OF GENERAL MEETING
Further to the announcement on 18 January 2021, the Company is
pleased to announce that at the General Meeting held earlier today,
the ordinary resolution to change the borrowing limit for the
purposes of its Articles of Association to a fixed amount of EUR40
million was voted on by poll and duly passed.
The Company is also pleased to announce that it is now in
advanced negotiations with a lender in relation to a new EUR30
million debt facility and will provide further updates in due
course.
In accordance with Listing Rule 9.6.2, copies of the resolutions
passed at the General Meeting are being submitted to the National
Storage Mechanism and will shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism . In
accordance with the Listing Rules of Euronext Dublin, a copy of the
Resolution has also been forwarded to Euronext Dublin and will
shortly be available for inspection at the following address:
Companies Announcement Office
Euronext Dublin
28 Anglesea Street
Dublin 2
The full details of the votes cast are as follows:
Resolution Votes % Votes % Votes % Of ISC Voted Votes
For Against Total Withheld
1. To increase the maximum permitted
aggregate amount of all outstanding
borrowings of the
group to EUR40 million for the
purposes of the Company's articles
of association. 83,091,758 99.9 8,857 0.01 83,100,615 71.44 3,504
----------- ----- --------- ----- ----------- --------------- ----------
The issued share capital at the date of the General Meeting was
116,321,185 ordinary shares of EUR0.01 each.
*A 'vote withheld' is not a vote in law and has not been counted
in the calculation of votes for and against.
For further information please contact:
Hostelworld Group plc
Gary Morrison Chief Executive Officer
Caroline Sherry Chief Financial Officer
Rudolf O'Kane Head of Commercial Finance
Tel: +353 (0) 1 498 0700
Powerscourt (Financial PR adviser)
Lisa Kavanagh
Eavan Gannon
Jack Shelley
Tel: +44 (0) 20 7250 1446
Email: hostelworld@powerscourt-group.com
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END
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