Hostelworld Group PLC announced the issuance of shares to Gary Morrison and Caroline Sherry, Chief Executive Officer and Chief Financial Officer, respectively, to satisfy the vesting of awards granted to them on 27 April 2021 under the Company's Long-Term Incentive Plan. The shares were issued via the Company's employee benefit trust. The notification is in compliance with the UK version of the EU Market Abuse Regulation and Regulation (EU) No 596/2014.
The shares issued were Ordinary Shares of €0.01 each in the capital of Hostelworld Group plc, with ISIN: GB00BYYN4225. The acquisition of shares was made at nil cost, with 480,354 shares for Gary Morrison and 238,228 shares for Caroline Sherry. The transaction took place outside a trading venue on 2 May 2024.
Additionally, Hostelworld announced the sale of shares on behalf of the PDMRs to provide for the settlement of their tax liabilities arising from the acquisition of shares on 2 May 2024 under the Long-Term Incentive Plan. The shares sold were Ordinary Shares of €0.01 each in the capital of Hostelworld Group plc, with ISIN: GB00BYYN4225. The sale price was £1.58, with 254,587 shares for Gary Morrison and 126,260 shares for Caroline Sherry. The transaction also took place outside a trading venue on 2 May 2024.