Hostelworld Group PLC has announced the issue of shares in connection with the Company's Long Term Incentive Plan and Save as You Earn scheme. Zedra Trust Company (Guernsey) Limited, the trustee of the Hostelworld Group Employee Benefit Trust, subscribed for 1,345,870 ordinary shares for the Trust. These shares will be used to satisfy restricted share awards granted by the Company under its Long-Term Incentive Plan. Additionally, 5,245 ordinary shares were allotted and issued in connection with the Company's SAYE scheme.
The EBT Shares and SAYE Shares rank pari passu in all respects with the existing issued shares of the Company. Following the share issue, the Company's issued share capital consists of 124,989,783 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 124,989,783, 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 the FCA's Disclosure Guidance and Transparency Rules or the Transparency (Directive 2004/109/EC) Regulations 2007, as amended.
Hostelworld Group PLC is a ground-breaking social network powered Online Travel Agent focused on the hostelling category, with a mission to help travelers find people to hang out with. The company's strategy has been successful, generating significant word of mouth recommendations from customers and strong endorsements from hostel partners. For further information, John Duggan, Company Secretary, can be contacted at Tel: +353 86 022 3553.