Exercise of Warrants

RNS Number : 2948U

Hostelworld Group PLC

27 March 2023

 

LEI:213800OC94PF2D675H41

Hostelworld Group plc

("Hostelworld" or the "Group")

Exercise of Warrants, Issue of New Shares and Total Voting Rights

As announced on 19 February 2021, Hostelworld granted warrants to certain funds (or affiliates or subsidiaries of such funds) and/or accounts managed, advised or controlled by HPS Investment Partners, LLC or its subsidiaries or affiliates (together, "HPS") in connection with the term loan facility entered into on or around that date. Hostelworld announces that, in accordance with the terms of the Warrant Instrument, HPS has served a notice to exercise the warrants held over 3,315,153 ordinary shares of €0.01 each in the capital of Hostelworld ("Ordinary Shares").

Hostelworld has, therefore, issued 3,315,153 Ordinary Shares (the "New Shares") to HPS and application has been made to the London Stock Exchange, the UK Financial Conduct Authority and Euronext Dublin for the New Shares to be admitted to the Official List of each of the Financial Conduct Authority and Euronext Dublin and to trading on the Main Market of each of the London Stock Exchange and Euronext Dublin.  It is anticipated that admission of the New Shares will take place on 29 March 2023. The New Shares rank pari passu in all respects with the existing issued shares of the Company.

In accordance with DTR 5.6.1R, following the above share issue, the Company's issued share capital consists of 121,854,274 Ordinary Shares, with one vote per share.  The Company does not hold any Ordinary Shares in treasury.  Therefore, the total number of voting rights is 121,854,274 and this is the figure which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under either the FCA's Disclosure Guidance and Transparency Rules or the Transparency (Directive 2004/109/EC) Regulations 2007, as amended.

For further information, please contact:

Hostelworld Group plc

John Duggan (General Counsel & Company Secretary)  Tel: [phone]

Powerscourt

Eavan Gannon  Tel: [phone]

[e-mail]

 

END

 

 

TVREAXDXADEDEEA