Hostelworld Group PLC Result of Meeting (3409Z)
September 17 2020 - 8:55AM
UK Regulatory
TIDMHSW
RNS Number : 3409Z
Hostelworld Group PLC
17 September 2020
17 September 2020
For Immediate Release
LEI:213800OC94PF2D675H41
HOSTELWORLD GROUP PLC (the "Company")
RESULTS OF GENERAL MEETING
Introduction
Further to the announcement on 28 August 2020, the Company is
pleased to announce that at its General Meeting held earlier today,
the resolution proposed was voted on by poll and duly passed.
Accordingly, the Company has today:
-- approved the Bonus Issue; and
-- authorised the directors to capitalise a sum of EUR16,362.52
standing to the credit of the Company's share premium account to
pay up in full, and to allot, the Bonus Issue Shares.
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
Terms used in this announcement shall have the same meanings as
those defined in the announcement on 28 August 2020.
Admission to Trading and Total Voting Rights
As set out in the announcement on 28 August 2020, applications
have been made for admission to (i) listing on the premium listing
segment of the UK Official List in accordance with the Listing
Rules and to trading on the UK Main Market in accordance with the
UK Admission and Disclosure Standards and (ii) listing on the
secondary listing segment of the Irish Official List and to trading
on the Irish Main Market in accordance with the Irish Listing Rules
("Admission"), and it is anticipated that Admission will take place
at 8.00 a.m. on 18 September 2020. In conformity with the FCA
Disclosure Guidance and Transparency Rules 5.6.1R and 5.6.1AR,
subsequent to the Bonus Issue, the Company's issued share capital
will consist of 116,321,185 ordinary shares of EUR0.01 each. The
Company does not hold any shares in treasury. This figure,
116,321,185, may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency
Rules.
The full details of the votes cast are as follows:
Resolution Votes % Votes % Votes % Of ISC Voted Votes
For Against Total Withheld
1. To authorise the Directors to
capitalise an amount standing to
the credit of the Company's
share premium account and apply
such amount in paying up new shares
and to allot shares under
section 551 of the Companies Act
2006 87,963,311 99.99 4,586 0.01 87,967,897 76.70 3,455
----------- ------ --------- ----- ----------- --------------- ----------
The issued share capital at the date of the General Meeting was
114,684,933 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
TJ Kelly 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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