Cancellation of share premium account

RNS Number : 3186J

Hostelworld Group PLC

16 December 2015

 



16^th December 2015

Hostelworld Group plc

Cancellation of share premium account

Hostelworld Group plc (the "Company") is pleased to announce that earlier today the UK High Court approved the cancellation of the Company's share premium account (the "Cancellation").  This has occurred pursuant to a resolution of the shareholders of the Company passed on 27 October 2015 and in accordance with the details outlined in the Company's prospectus dated 28 October 2015.

The effect of the Cancellation is to create distributable reserves to support the Board's dividend policy.

The Cancellation has no effect on the net asset position of the Company or on the issued share capital of the Company which consists of 95,570,778 ordinary shares of €0.01 each, as at 16^th December 2015.

For further information:

Hostelworld Group plc Feargal Mooney, Chief Executive Officer Mari Hurley, Chief Financial Officer	Tel: [phone]

 

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