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Share Name Share Symbol Market Type Share ISIN Share Description
Hostelworld Group Plc LSE:HSW London Ordinary Share GB00BYYN4225 ORD EUR0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.90 3.01% 65.00 64.60 65.70 65.90 64.00 65.00 123,165 16:35:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 68.3 2.5 7.4 8.2 75

Hostelworld Group PLC Director/PDMR Shareholding

04/05/2020 7:00am

UK Regulatory (RNS & others)


Hostelworld (LSE:HSW)
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RNS Number : 7372L

Hostelworld Group PLC

04 May 2020

Hostelworld Group plc ("Hostelworld" or "the Company")

04 May 2020

Grant of Awards under the Long-Term Incentive Plan

LEI: 213800OC94PF2D675H41

Hostelworld announces that the following grants of nil-cost options were made to Directors of the Company on 2 May 2020, under the terms of the Company's Long-Term Incentive Plan.

 
 Director             Position       No. of nil-cost options 
                                             granted 
                  Chief Executive 
 Gary Morrison         Officer               771,900 
                 -----------------  ------------------------ 
                  Chief Financial 
 TJ Kelly              Officer               528,700 
                 -----------------  ------------------------ 
 

No consideration was paid for the grant of the awards.

The awards will vest in three years' time, subject to continued employment and the satisfaction of performance conditions. 75% of the award will be subject to the achievement of targets linked to Hostelworld's total shareholder return ("TSR"), and the remaining 25% will be subject to adjusted earnings per share ("EPS") targets. Full details of the targets are set out below:

 
 Annualised TSR of the Company over          Level of vesting 
  the three-year period to 01 May 
  2023 (75% of the total award) 
 Less than 5% p.a.                                  0% 
                                      ------------------------------ 
 5% p.a.                                            25% 
                                      ------------------------------ 
 15% p.a. or above                                 100% 
                                      ------------------------------ 
 Between 5% and 15% p.a.               Straight-line vesting between 
                                                25% and 100% 
                                      ------------------------------ 
 
 
 Adjusted EPS for the financial year         Level of vesting 
  ending 31 December 2022 
  (25% of the total award) 
 Less than 0 c                                      0% 
                                      ------------------------------ 
 0c                                                 25% 
                                      ------------------------------ 
 9c or above                                       100% 
                                      ------------------------------ 
 Between 0 c and 9c                    Straight-line vesting between 
                                                25% and 100% 
                                      ------------------------------ 
 

The Notification of Dealing form provided in accordance with the requirements of the Market Abuse Regulation is set out below.

Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them

This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                               1) GARY MORRISON 
                                           2) TJ KELLY 
      ---------------------------------  ---------------------------------------------- 
 2     Reason for the notification 
      --------------------------------------------------------------------------------- 
 a)    Position/status                    1) GARY MORRISON - Director/Chief 
                                           Executive Officer 
                                           2) TJ KELLY- Director/Chief Financial 
                                           Officer 
      ---------------------------------  ---------------------------------------------- 
 b)    Initial notification               Initial Notification 
        /Amendment 
      ---------------------------------  ---------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------------- 
 a)    Name                               Hostelworld Group PLC 
      ---------------------------------  ---------------------------------------------- 
 b)    LEI 
                                            213800OC94PF2D675H41 
      ---------------------------------  ---------------------------------------------- 
 4     Details of the transaction(s): section to be repeated 
        for (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      --------------------------------------------------------------------------------- 
 a)    Description of the                 Ordinary Shares of EUR0.01 each 
        financial instrument, 
        type of instrument 
                                           ISIN: GB00BYYN4225 
        Identification code 
 
 
 b)    Nature of the transaction          Grant of Nil cost options to subscribe 
                                           for ordinary shares in Hostelworld 
                                           Group plc, made in accordance with 
                                           the Hostelworld Group plc Long Term 
                                           Incentive Plan. 
      ---------------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                -----------------  ---------------- 
                                                 Price(s)           Volume(s) 
                                                -----------------  ---------------- 
                                                 1)EUR0.00          1) 771,900 
                                                  2)EUR0.00          2) 528,700 
                                                -----------------  ---------------- 
 
 d)    Aggregated information             N/A 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction            02 May 2020 
      ---------------------------------  ---------------------------------------------- 
 f)    Place of the transaction           N/A Outside a trading venue 
      ---------------------------------  ---------------------------------------------- 
 g)    Additional Information             None 
      ---------------------------------  ---------------------------------------------- 
 

Contacts: Hostelworld Group plc

John Duggan, Company Secretary

Tel: +353 (0) 1 498 0700

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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May 04, 2020 02:00 ET (06:00 GMT)

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