REG - Hostelworld Grp PLC - Exercise of Warrants

HostelworldAnnouncement

27/03/2023 08:45

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RNS Number : 2948U  Hostelworld Group PLC  27 March 2023

 

LEI:213800OC94PF2D675H41

 

Hostelworld Group plc

("Hostelworld" or the "Group")

Exercise of Warrants, Issue of New Shares and Total Voting Rights

As announced on 19 February 2021, Hostelworld granted warrants to certain
funds (or affiliates or subsidiaries of such funds) and/or accounts managed,
advised or controlled by HPS Investment Partners, LLC or its subsidiaries or
affiliates (together, "HPS") in connection with the term loan facility entered
into on or around that date. Hostelworld announces that, in accordance with
the terms of the Warrant Instrument, HPS has served a notice to exercise the
warrants held over 3,315,153 ordinary shares of €0.01 each in the capital of
Hostelworld ("Ordinary Shares").

Hostelworld has, therefore, issued 3,315,153 Ordinary Shares (the "New
Shares") to HPS and application has been made to the London Stock Exchange,
the UK Financial Conduct Authority and Euronext Dublin for the New Shares to
be admitted to the Official List of each of the Financial Conduct Authority
and Euronext Dublin and to trading on the Main Market of each of the London
Stock Exchange and Euronext Dublin.  It is anticipated that admission of the
New Shares will take place on 29 March 2023. The New Shares rank pari passu in
all respects with the existing issued shares of the Company.

In accordance with DTR 5.6.1R, following the above share issue, the Company's
issued share capital consists of 121,854,274 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 121,854,274 and this is the
figure 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 either the
FCA's Disclosure Guidance and Transparency Rules or the Transparency
(Directive 2004/109/EC) Regulations 2007, as amended.

For further information, please contact:

Hostelworld Group plc

John Duggan (General Counsel & Company
Secretary)                   Tel: +353 86 022 3553

Powerscourt

Eavan
Gannon
Tel: +44 (0) 20 7250 1446

hostelworld@powerscourt-group.com

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