Business
GM Statement
GM Statement.
About this update from Hostelworld Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3064U\n Hostelworld Group PLC\n 01 April 2021\n \n \n \n \n \n \n \n \n \n \n \n LEI: 213800OC94PF2D675H41\n \n \n \n \n \n 1 April 2021 \n \n \n Hostelworld Group plc\n \n \n (\"Hostelworld\" or the \"Company\")\n \n \n Notice of General Meeting and Circular \n \n \n \n \n \n The Company announces that it will today publish and post (or otherwise make available) to shareholders a Notice of General Meeting with related explanatory circular (together the 'GM Notice and Circular') and form of proxy. The GM Notice and Circular contains resolutions to approve (1) \n an amendment to the Directors' Remuneration Policy to provide for the grant of restricted shares to the \n Executive Directors, and (2) an amendment to the rules of the Company's Long Term Incentive Plan to remove the 5% dilution limit which limits the issue of ordinary shares to satisfy awards granted under the LTIP and any other discretionary share scheme to 5% of the Company's issued ordinary share capital over a rolling 10-year period. For the avoidance of doubt, there is no change to the maximum dilution limit in the LTIP which limits the issue of ordinary shares to satisfy awards granted under the LTIP and any other employee share scheme operated by Hostelworld to 10% of the issued ordinary share capital over a rolling 10-year period.\n \n \n \n \n \n The resolutions will be put to shareholders at a General Meeting of the Company to be held at 12.30 p.m. on 26 April 2021. \n The General Meeting will be held at the offices of the Company, Floor 2, One Central Park, Leopardstown, Dublin 18, Ireland. \n \n \n \n \n \n General Meeting arrangements \n \n \n In light of the COVID-19 pandemic and in response to the Irish Health Service Executive's current guidance regarding social distancing and the prohibition of public gatherings, the General Meeting will take place as a closed meeting and Shareholders will not be able to attend in person. Shareholders and guests who travel to the meeting will be refused entry.\n \n \n \n \n \n The Company will make arrangements such that the legal requirements to hold the General Meeting can be satisfied through the attendance of a minimum number of people and the format of the meeting will be simply to propose and vote on the ordi...