TIDMHSW

RNS Number : 4470L

Hostelworld Group PLC

13 May 2022

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

13 May 2022

Grant of Restricted Share Awards under the Long-Term Incentive Plan

LEI: 213800OC94PF2D675H41

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 12 May 2022, under the terms of the Company's Long-Term Incentive Plan. These shares represent the 2022 Restricted Share Award, as explained in the Directors' Remuneration Report included within the 2021 Annual Report and Accounts.

 
 Director               Position        No. of conditional 
                                        share awards granted 
                    Chief Executive 
 Gary Morrison           Officer              719,770 
                   -----------------  ---------------------- 
                    Chief Financial 
 Caroline Sherry         Officer              391,459 
                   -----------------  ---------------------- 
 

No consideration was paid for the grant of the awards.

The award will vest in in three years' time, subject to continued employment at the date of vesting and the Remuneration Committee being satisfied with individual and Company performance over the vesting period.

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)

 
        Details of the person discharging managerial responsibilities 
  1      / person closely associated 
 a)     Name                           1) Gary Morrison 
                                        2) Caroline Sherry 
       -----------------------------  ------------------------------------------------------- 
        Reason for the notification 
  2 
       -------------------------------------------------------------------------------------- 
 a)     Position/status                1) Gary Morrison - Director/Chief 
                                        Executive Officer 
                                        2) Caroline Sherry - Director/Chief 
                                        Financial Officer 
       -----------------------------  ------------------------------------------------------- 
 b)     Initial notification           Initial Notification 
         /Amendment 
       -----------------------------  ------------------------------------------------------- 
        Details of the issuer, emission allowance market participant, 
  3      auction platform, auctioneer or auction monitor 
       -------------------------------------------------------------------------------------- 
 a)     Name                           Hostelworld Group PLC 
       -----------------------------  ------------------------------------------------------- 
 b)     LEI 
                                         213800OC94PF2D675H41 
       -----------------------------  ------------------------------------------------------- 
        Details of the transaction(s): section to be repeated 
  4      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 Conditional Share Awards 
                                                    made in accordance with the Hostelworld 
                                                    Group plc Long Term Incentive Plan. 
       -----------------------------  --------------------------------------------------------- 
 c)     Price(s) and volume(s) 
                                      --------------------------------------------------------- 
                                          Conditional Share Awards Price(s)      Volume(s) 
                                            1) EUR0.00    1) 719,770 (Gary Morrison) 
                                             2) EUR0.00    2) 391,459 (Caroline 
                                                            Sherry) 
                                                         --------------------------- 
                                      --------------------------------------------------------- 
 d)     Aggregated information         N/A 
         - Aggregated volume 
         - Price 
                                      --------------------------------------------------------- 
 e)     Date of the transaction        12 May 2022 
       -----------------------------  --------------------------------------------------------- 
 f)     Place of transaction           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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END

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