REG - Hostelworld Grp PLC - EXTENSION OF TERM OF SHARE REPURCHASE PROGRAMME

HostelworldAnnouncement

18/11/2025 07:02

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RNS Number : 8825H  Hostelworld Group PLC  18 November 2025

 

LEI: 213800OC94PF2D675H41

18 November 2025

Hostelworld Group plc

 

Extension of TERM OF Share REPURCHASE Programme

On 19 June 2025, Hostelworld Group plc ("Hostelworld" or the "Company")
announced a share buyback programme ("Buyback Programme") of up to £5
million, which was due to complete on 31 December 2025 (unless the maximum
consideration amount was reached earlier). The Company now confirms that the
duration of the Buyback Programme has been extended to the date preceding the
Company's 2026 Annual General Meeting (expected to be held in May 2026),
unless completed or terminated earlier. The Buyback Programme will continue to
be carried out in accordance with the Company's general authority to
repurchase ordinary shares ("Shares") granted at its Annual General Meeting
held on 7 May 2025.

As of 17 November 2025, the Buyback Programme had resulted in the repurchase
in aggregate of 2,584,783 of the Company's Shares for a total consideration of
approximately £3.2 million. All of the repurchased Shares were cancelled.

As at the close of business on 17 November 2025, the Company's total issued
share capital consisted of 124,692,540 Shares. The Company does not hold any
Shares in treasury and, therefore, the total number of Shares carrying voting
rights in the Company is 124,692,540.

All other terms of the Buyback Programme, as set out in the announcement on 19
June 2025, remain unchanged.

 

For further information, contact:

Hostelworld Group
plc
Corporate@hostelworld.com

Gary Morrison, Chief Executive Officer

Caroline Sherry, Chief Financial Officer

Sodali (Financial PR adviser)
                      hostelworld@sodali.com
(mailto:hostelworld@sodali.com)

Eavan Gannon/Oliver Banks

Tel: +44 (0) 20 7250 1446

About Hostelworld Group

Hostelworld Group PLC is a ground-breaking social network powered Online
Travel Agent ("OTA") focused on the hostelling category, with a clear mission
to help travellers find people to hang out with. Our mission statement is
founded on the insight that most travellers go hostelling to meet other
people, which we facilitate through a series of social features on our
platform that connect our travellers in hostels and cities based on their
booking data. The strategy has been extraordinarily successful, generating
significant word of mouth recommendations from our customers and strong
endorsements from our hostel partners.

Founded in 1999 and headquartered in Ireland, Hostelworld is a well-known
trusted brand with almost 260 employees, hostel partners in over 180
countries, and a long-standing commitment to building a better world. To that
end, our focus over the last few years has been on improving the
sustainability of the hostelling industry. In particular, over the last two
years we have commissioned independent research to validate the category's
sustainability credentials and recently introduced a hostel specific
sustainability framework which encourages our hostel partners to move to even
more sustainable operations and also provides the data points for our
customers to make more informed decisions about where they stay. In addition,
our customers are now able to offset their trip's carbon emissions should they
wish to do so, and we have maintained our 'Taking Climate Action' label
awarded by South Pole.

 

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