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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 | |
---|---|---|---|---|---|---|---|---|---|---|
1.00 | 0.65% | 155.00 | 154.00 | 156.50 | 155.00 | 154.00 | 154.00 | 105,737 | 11:06:36 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Hotels And Motels | 69.69M | -17.26M | -0.1398 | -11.09 | 191.43M |
TIDMHSW
RNS Number : 8705W
Hostelworld Group PLC
28 April 2021
Hostelworld Group plc ("Hostelworld" or "the Company")
28 April 2021
Grant of Awards under the Long-Term Incentive Plan and LTIP Adjustment
LEI: 213800OC94PF2D675H41
Performance Share Awards
Hostelworld announces that the following grants of nil-cost options over ordinary shares in the capital of the Company were made to Directors of the Company on 27 April 2021, under the terms of the Company's Long-Term Incentive Plan.
Director Position No. of nil-cost options granted Chief Executive Gary Morrison Officer 480,354 ----------------- ------------------------ Chief Financial Caroline Sherry Officer 238,228 ----------------- ------------------------
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.
Restricted Share Awards
Hostelworld announces that the following grants of conditional share awards over ordinary shares in the capital of the Company were made to Directors of the Company on 27 April 2021, under the terms of the Company's Long-Term Incentive Plan.
Director Position No. of conditional share awards granted Chief Executive Gary Morrison Officer 430,398 ----------------- ---------------------- Chief Financial Caroline Sherry Officer 266,815 ----------------- ----------------------
No consideration was paid for the grant of the awards.
The award will vest in two tranches. The first tranche (representing 50 per cent of the award) will vest on 28 February 2022 and the second tranche (representing the remaining 50 per cent of the award) will vest on 28 February 2023. Vesting will be dependent upon the relevant Director being employed by Hostelworld as of the vesting date and satisfactory personal performance.
2020 Bonus Share Issue - Adjustment to existing LTIP Awards
Following shareholder approval obtained at a general meeting held on 17 September 2020, the Company issued 1,636,252 new ordinary shares to shareholders who appeared on the Company's register of members as at 6.00 pm on 17 September 2020 (the "Bonus Issue Record Time") by way of a bonus share issue (the "Bonus Share Issue"). The Bonus Share Issue was allocated to shareholders on 18 September 2020 with each qualifying shareholder receiving one new bonus issue share for every 70.09 shares held as at the Bonus Issue Record Time. In accordance with the rules of the Company's LTIP and in order to protect the value of existing awards made under the Company's LTIP, Hostelworld announces that the number of nil-cost options held by Directors as participants in the Company's LTIP was adjusted on 27 April 2021 to increase the number of LTIP shares held under awards granted previously. One additional nil-cost option was granted for every 70.09 nil-cost options held pursuant to an existing award.
Director Position Increase in number of existing nil-cost options Chief Executive Gary Morrison Officer 14,578 ----------------- ---------------------- Chief Financial Caroline Sherry Officer 1,202 ----------------- ----------------------
No consideration was paid for the adjustment increase.
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) Caroline Sherry ---------------------------- ------------------------------------------------------ 2 Reason for the notification ------------------------------------------------------------------------------------ a) Position/status 1) Gary Morrison - Director/Chief Executive Officer 2) Caroline Sherry - 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 1. 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. 2. Grant of Conditional Share Awards made in accordance with the Hostelworld Group plc Long Term Incentive Plan. 3. Increase in number of existing nil-cost options. ---------------------------- -------------------------------------------------------- c) Price(s) and volume(s) Nil Cost Options Price(s) Volume(s) 1) EUR0.00 1) 480,354 (Gary Morrison) 2) EUR0.00 2) 238,228 (Caroline Sherry) --------------------------- -------------------------------------------------------- Conditional Share Awards Price(s) Volume(s) 1) EUR0.00 1) 430,398 (Gary Morrison) 2) EUR0.00 2) 266,815 (Caroline Sherry) --------------------------- -------------------------------------------------------- Increase in number of Existing nil-cost options Price(s) Volume(s) 1) EUR0.00 1) 14,578 (Gary Morrison) 2) EUR0.00 2) 1,202 (Caroline Sherry) ---------------------------- ---------------------------- -------------------------------------------------------- d) Aggregated information N/A - Aggregated volume - Price ---------------------------- -------------------------------------------------------- e) Date of the transaction 27 April 2021 ---------------------------- -------------------------------------------------------- f) Place of transaction N/A Outside a trading venue ---------------------------- -------------------------------------------------------- g) Additional information None ---------------------------- --------------------------------------------------------
Contacts: Hostelworld Group plc
John Duggan, General Counsel & Company Secretary
Tel: +353 (0) 86 022 3553
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April 28, 2021 05:04 ET (09:04 GMT)
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