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Miton Group Doubles Stake In Hostelworld To Over 10%

Thu, 29th Aug 2019 12:27

(Alliance News) - Hostelworld Group PLC said Thursday investment manager Miton Group PLC doubled its stake in the hostel operator to over 10% following a transaction on Wednesday.

Miton held 9.8 million shares in Hostelworld after the transaction, equivalent to a 10% stake in the 95.6 million shares outstanding in the firm. Prior to the transaction, Miton held a 5.0% stake in Hostelworld.

Shares in Hostelworld were 1.2% higher at 139.00 pence in London on Thursday.

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