Peel Hotels PLC Result of AGM (0216N)

TIDMPHO

RNS Number : 0216N

Peel Hotels PLC

19 September 2019

Peel Hotels PLC

19 September 2019

Peel Hotels PLC

Company Registration Number 03473990

(the "Company")

Result of General Meeting & Notice of Cancellation

The Company announces that at its Annual General Meeting held today, 19 September 2019, at the The Norfolk Royale Hotel, Richmond Hill, Bournemouth, Dorset BH2 6EN, all the resolutions laid before the meeting were duly passed.

Resolution 1 (to receive the Company's Accounts for the year ended 27 January 2019), Resolution 2 (to re-elect Haydn Fentum) and Resolution 3 (to reappoint Grant Thornton UK LLP) as Auditors were passed on a show of hands; Resolutions 4 and 5 were the subject of a Poll, the results of which were - in respect of Resolution 4 (to delist from AIM) 11,259,144 (99.57% of votes cast) in favour and 48,471 (0.43% of votes cast) against; and in respect of Resolution 5 (to register as a private company and adopt new Articles of Association) 9,787,984 (86.84% of votes cast) in favour and 1,483,631 (13.16% of votes cast) against.

Accordingly, admission of the Company's Ordinary Shares to trading on AIM will be cancelled with effect from 7.30 a.m. on 27 September 2019 (the "Cancellation"). As detailed in the Circular sent to Shareholders on 5 August 2019, the last day for dealings in the Company's shares will be 26 September 2019.

The Company is making arrangements to allow for those of the Company's Shareholders who wish to buy and sell Ordinary Shares post-Cancellation to be able to trade through a matched bargain facility provided by a third party provider. A letter to Shareholders providing details of the matching facility will follow shortly after delisting becomes effective.

Following the Cancellation, Peel Hunt LLP will cease to be the nominated adviser and broker to the Company.

For further information, please contact:

Peel Hotels Plc - LEI No. 213800G4318Z3OXO2J46

Peel Hotels PLC

19 Warwick Avenue

London

W9 2PS

+44 (0)20 7266 1100

Robert Peel, Chairman

+44 (0) 7286 6823

Nominated Adviser

Peel Hunt LLP

Capel Irwin

+44 (0)20 7418 8907

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END

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