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Dalata Hotel Group PLC (DAL,DHG)
Directorate Change
Margaret Sweeney to step down as Non-Executive Director
ISE: DHG LSE: DAL
Dublin and London |13 October 2022: Dalata Hotel Group plc ("Dalata" or "the Group"), the largest hotel operator in Ireland, with a growing presence in the United Kingdom and continental Europe, today announces that Margaret Sweeney, Non-Executive Director, has informed the board that she intends to retire as a director of the company in 2023. Now in her ninth year as a non-executive director of the company, her decision is pursuant to Principle G, and Provision 11 of the UK Corporate Governance Code concerned with non-executive director independence. In accordance with Euronext Dublin listing rule 6.1.65, the company will publish the effective date of retirement as soon as it has been decided. John Hennessy, Group Chair, commented: “Margaret Sweeney has been a member of the board since the Company's IPO in 2014. She has served since then as Chair of the Remuneration Committee, and has also been a member of the Audit and Risk, and Nomination Committees. She has been the Senior Independent Director since December 2020. Margaret’s contribution to Dalata has been immense and I wish to express my gratitude for all of the hard work and support she has given to the Group and the board in each of her roles. I wish her well for the future." ENDS
About Dalata Dalata Hotel Group plc was founded in August 2007 and listed as a plc in March 2014. Dalata is Ireland’s largest hotel operator, with a growing presence in the UK and continental Europe. The Group’s portfolio comprises 49 three and four-star hotels with 10,650 rooms and a pipeline of over 1,400 rooms. The Group currently has 29 owned hotels, 17 leased hotels and three management contracts. Dalata successfully operates Ireland’s two largest hotel brands, the Clayton and the Maldron Hotels. For the first six months of 2022, Dalata reported revenue of €220.2 million and a profit after tax of €46.7 million. Dalata is listed on the Main Market of Euronext Dublin (DHG) and the London Stock Exchange (DAL). For further information visit: |
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| ISIN: | IE00BJMZDW83, IE00BJMZDW83 |
| Category Code: | BOA |
| TIDM: | DAL,DHG |
| LEI Code: | 635400L2CWET7ONOBJ04 |
| OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
| Sequence No.: | 194470 |
| EQS News ID: | 1463495 |
| End of Announcement | EQS News Service |
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