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24 June 2025 23:03:43
- Source: Sharecast
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For immediate release |
24 June 2025 |
Dar Global plc
('Dar Global', the 'Company' or the 'Group')
Result of AGM
Dar Global, the London-listed luxury real estate developer, announces that at its Annual General Meeting ('AGM') held earlier today all the resolutions set out in the Notice of AGM were passed. All resolutions were voted on by way of a poll. The results of the poll for each resolution were as follows:
|
Resolution |
For (No. of shares) |
For (%) |
Against (No. of shares) |
Against (%) |
Votes Withheld (No. of shares)
|
Total Votes |
% of ISC Voted |
|
1. To receive the Annual Report and Accounts |
175,423,602 |
100 |
0 |
0 |
0 |
175,423,602 |
97.45 |
|
2. To approve the Directors' Remuneration Report |
175,423,602 |
100 |
0 |
0 |
0 |
175,423,602 |
97.45 |
|
3. To elect Ziad El Chaar as a Director of the Company |
175,423,602 |
100 |
0 |
0 |
0 |
175,423,602 |
97.45 |
|
4. To elect David Weinreb as a Director of the Company |
175,423,602 |
100 |
0 |
0 |
0 |
175,423,602 |
97.45 |
|
5. To elect Maurice Horan as a Director of the Company |
175,423,602 |
100 |
0 |
0 |
0 |
175,423,602 |
97.45 |
|
6. To elect Richard Stockdale as a Director of the Company |
175,423,602 |
100 |
0 |
0 |
0 |
175,423,602 |
97.45 |
|
7. To elect Sheikh Yousef Al-Shelash as a Director of the Company |
175,423,602 |
100 |
0 |
0 |
0 |
175,423,602 |
97.45 |
|
8. To reappoint KPMG LLP as auditor of the Company |
175,423,602 |
100 |
0 |
0 |
0 |
175,423,602 |
97.45
|
|
9. To authorise the Audit and Risk Committee to determine the remuneration of the Auditor to the Company |
175,423,602 |
100 |
0 |
0 |
0 |
175,423,602 |
97.45 |
|
10. That the Directors be authorised to allot shares in the Company |
175,423,602 |
100 |
0 |
0 |
0 |
175,423,602 |
97.45 |
|
11. To authorise the Directors to disapply pre-emption rights* |
175,423,418 |
100 |
0 |
0 |
184 |
175,423,418 |
97.45 |
|
12. Additional authority for the Directors to disapply pre-emption rights for the purpose of financing an acquisition or other capital investment* |
175,423,418 |
100 |
0 |
0 |
184 |
175,423,418 |
97.45 |
|
13. To authorise the Company to make market purchases of ordinary shares of the Company* |
175,423,602 |
100 |
0 |
0 |
0 |
175,423,602 |
97.45 |
|
14. That a general meeting, other than an AGM, may be called on not less than 14 clear days' notice* |
175,423,602 |
100 |
0 |
0 |
0 |
175,423,602 |
97.45 |
* special resolution
|
NOTES:
|
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1. |
All resolutions were passed.
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|
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2. |
Proxy appointments which gave discretion to the Chair of the AGM have been included in the 'For' total for the appropriate resolution.
|
|
|
3. |
Votes 'For' and 'Against' any resolution are expressed as a percentage of votes validly cast for that resolution.
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4. |
A 'Vote withheld' is not a vote in law and is not counted in the calculation of the percentage of shares voted 'For' or 'Against' any resolution.
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|
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5. |
The number of shares in issue on close of business on 23.06.2025 was 180,021,612 ordinary shares, carrying one vote each, and at that time, the Company did not hold any shares in treasury.
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|
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6. |
The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting which is available on the Company's website at www.darglobal.co.uk |
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|
7. |
In accordance with listing rule 14.3.6R, a copy of resolutions 11-14 passed at the AGM will shortly be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism |
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- Ends -
For further enquiries, please contact:
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Dar Global plc |
IR@darglobal.co.uk |
|
Burson Buchanan (Financial Communications) |
Tel: +44 (0) 20 7466 5000 |
|
Henry Harrison-Topham / Simon Compton
|
darglobal@buchanancomms.co.uk www.bursonbuchanan.com |
Notes to editors:
Dar Global PLC is a highly differentiated international real estate business. It focuses predominantly on developing real estate projects comprising second homes for internationally mobile customers, in some of the most desirable locations across the Middle East and Europe, including Jeddah and Riyadh in Saudi Arabia, downtown Dubai, Muscat in Oman, London and the Costa del Sol region in the South of Spain.
Dar Global was originally established to house and develop the international assets of Dar Al Arkan Real Estate Development PJSC ('DAARE'), a leading real estate developer in the Kingdom of Saudi Arabia. Listed on the Saudi Stock Exchange since 2007, Dar Al Arkan has delivered over 15,000 residential units with total assets of c. US$7.5 billion.
The Company intends to expand its focus to hospitality assets. The aim is to acquire or build hotels and sell them after a period of three to five years of operation once the hotels' or resorts' revenue streams stabilise. Target markets include the US, Spain, Dubai, Maldives, Athens, Saudi Arabia, and London.
Dar Global was admitted to the Main Market of the London Stock Exchange on 28 February 2023. For more information, please visit www.DarGlobal.co.uk
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