Last checked at 13 May 2022 10:32
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 |
Gary Morrison | Chief Executive Officer | 719,770 |
Caroline Sherry | Chief Financial 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)
1
| Details of the person discharging managerial responsibilities / person closely associated
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a)
| Name
| 1) Gary Morrison 2) Caroline Sherry |
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2
| Reason for the notification
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a)
| Position/status
| 1) Gary Morrison - Director/Chief Executive Officer 2) Caroline Sherry - Director/Chief Financial Officer |
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b)
| Initial notification /Amendment
| Initial Notification
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3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
| Name
| Hostelworld Group PLC
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b)
| LEI
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213800OC94PF2D675H41 |
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4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
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a)
| Description of the financial instrument, type of instrument
Identification code | Ordinary Shares of €0.01 each
ISIN: GB00BYYN4225 |
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b) | Nature of the transaction |
1. Grant of Conditional Share Awards made in accordance with the Hostelworld Group plc Long Term Incentive Plan.
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c) | Price(s) and volume(s) |
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Conditional Share Awards
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d) | Aggregated information - Aggregated volume - Price | N/A | |||||||
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 SecretaryTel: +353 (0) 86 022 3553