Playa Hotels & Resorts N.V. Announces Rescheduled Annual General Meeting of Shareholders

Rhea-AI Summary

Playa Hotels & Resorts N.V. (NASDAQ: PLYA) has rescheduled its 2021 annual general meeting (AGM) to June 29, 2021, at 4:00 p.m. CEST. The meeting will take place at the company’s offices in Amsterdam, Netherlands. Shareholders of record as of June 1, 2021, will vote on the proposals outlined in the proxy statement filed on April 19, 2021. It is important to note that proxies or votes from the originally scheduled meeting on May 13, 2021, are no longer valid. Proxy materials are expected to be distributed around June 3, 2021.

Positive

• The rescheduling of the AGM aligns with compliance requirements under Dutch law.
• Shareholders still have an opportunity to vote on important proposals.

Negative

• The rescheduling may indicate potential administrative or operational inefficiencies.

FAIRFAX, Va., May 3, 2021 /PRNewswire/ -- Playa Hotels & Resorts N.V. (NASDAQ: PLYA) (the "Company") today announced that it has rescheduled its 2021 annual general meeting of shareholders (the "AGM") to Tuesday, June 29, 2021 at 4:00 p.m. Central European Summer Time (CEST). The rescheduled AGM will be held at the Company's offices, located at Nieuwezijds Voorburgwal 104, 1012 SG Amsterdam, the Netherlands. At the rescheduled AGM, the Company's shareholders of record as of June 1, 2021 will vote upon the same proposals described in the Company's definitive proxy statement filed with the Securities and Exchange Commission on April 19, 2021. Proxies that have been delivered or votes that have been received for the AGM originally scheduled for May 13, 2021 will not be valid. The Company expects to disseminate proxy materials for the rescheduled AGM beginning on or about June 3, 2021. The meeting has been rescheduled in order to comply with a ministerial Dutch law notice requirement.

About Playa Hotels & Resorts N.V.
Playa Hotels & Resorts N.V. is a leading owner, operator and developer of all-inclusive resorts in prime beachfront locations in popular vacation destinations in Mexico and the Caribbean. Playa owns and/or manages a total portfolio consisting of 22 resorts (8,366 rooms) located in Mexico, Jamaica, and the Dominican Republic. Playa leverages years of all-inclusive resort operating expertise and relationships with globally recognized hospitality brands to provide a best in class experience and exceptional value to our guests, while building a direct relationship to improve customer acquisition cost and drive repeat business. Playa owns and manages 17 resorts (6,295 rooms) located throughout Mexico, Jamaica and the Dominican Republic. Playa also owns two resorts in the Dominican Republic that are managed by a third party and manages three resorts on behalf of third-party owners. For more information, please visit www.playaresorts.com

For additional information visit investors.playaresorts.com

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SOURCE Playa Hotels & Resorts N.V.

FAQ

When is the rescheduled AGM for Playa Hotels & Resorts N.V.?

The rescheduled AGM will take place on June 29, 2021, at 4:00 p.m. CEST.

Why was the AGM for Playa Hotels & Resorts N.V. rescheduled?

The AGM was rescheduled to comply with a ministerial Dutch law notice requirement.

Who can vote at Playa Hotels & Resorts N.V.'s AGM?

Only shareholders of record as of June 1, 2021, can vote at the AGM.

What happens to proxies submitted for the original AGM date?

Proxies delivered for the original AGM on May 13, 2021, will not be valid.

When will proxy materials for the rescheduled AGM be distributed?

Proxy materials are expected to be disseminated on or about June 3, 2021.