Stock market today: S&P 500 hits fresh record close on stronger economic growth
DUBLIN and LONDON - Dalata Hotel Group PLC (ISE:DHG, LSE: DAL), the largest independent four-star hotel operator in the UK and Ireland, announced that the majority of resolutions were approved at its Annual General Meeting (AGM) held on April 30, 2025. All proposed resolutions passed with significant majorities, except for one concerning amendments to the company’s constitution.
The AGM saw resolutions passed related to the annual report and financial statements for the year ended December 31, 2024, the Directors’ Report on Remuneration, and the Company’s Remuneration Policy. Additionally, a final dividend of 8.4 cents per ordinary share was declared.
Board members were re-appointed with majority votes, although the votes for the re-appointment of Elizabeth McMeikan as a Director revealed a relatively lower approval rate of 83.79%. Other resolutions included the authorization for the Directors to determine the remuneration of the Auditors, the authority to allot relevant securities, and the disapplication of statutory pre-emption rights in certain circumstances.
Notably, Resolution 14, which proposed amendments to the company’s constitution to allow for virtual-only AGM’s without a physical venue, was not passed. This resolution received 40.43% votes against it. The board acknowledged shareholder concerns regarding the authority for virtual-only AGMs and intends to engage with shareholders to understand their reasons. The consultation’s outcomes will be reported in the company’s next annual report.
Dalata Hotel Group, established in 2007, operates primarily through its two main brands, Clayton and Maldron hotels. The company reported a revenue of €652.2 million for the year ended December 31, 2024, and aims to expand its room portfolio to 21,000 by 2030. The results of the AGM and the detailed voting outcomes on each resolution are available for inspection as per regulatory requirements.
This news article is based on a press release statement from Dalata Hotel Group PLC.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.