Last checked at 1 Mar 2022 15:30
LEI: 213800OC94PF2D675H41
01 March 2022
Hostelworld Group plc ("Hostelworld" or "the Company")
Restricted Share Awards
Hostelworld announces that on 28 February 2022 the following shares in the capital of the Company were issued (via the Company's employee benefit trust) to Gary Morrison and Caroline Sherry (the "PDMRs") to satisfy the vesting of conditional share awards granted to the PDMRs on 27 April 2021 under the terms of the Company's Long-Term Incentive Plan.
As announced on 28 April 2021, the awards vest in two tranches. The first tranche (representing 50 per cent of the award) vested on 28 February 2022 and the second tranche (representing the remaining 50 per cent of the award) will vest on 28 February 2023. Vesting of the second tranche will be dependent upon the relevant PDMR being employed by Hostelworld as of the vesting date and satisfactory personal performance.
The Company also announces that today on 1 March 2022, the following shares were sold on the PDMRs' behalf to settle their withholding tax liabilities in relation to the vesting event.
The relevant notifications set out below are provided in accordance with the requirements of (i) Article 19 of the UK version of the EU Market Abuse Regulation which is part of UK law by virtue of the European Union (Withdrawal) Act 2018; and (ii) Article 19 of Regulation (EU) No 596/2014 of the Parliament and of the Council of 16 April 2014 on market abuse which has effect in Ireland.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | (i) Gary Morrison (ii) Caroline Sherry | ||||
2 | Reason for the notification | |||||
a) | Position/status | (i) Chief Executive Officer (ii) Chief Financial Officer | ||||
b) | Initial Notification Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Hostelworld Group plc
| ||||
b) | LEI | 213800OC94PF2D675H41 | ||||
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 | |||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of €0.01 each in the capital of Hostelworld Group plc
ISIN: GB00BYYN4225 | ||||
b) | Nature of the transaction | Acquisition of ordinary shares pursuant to the vesting of conditional share awards granted on 27 April 2021 under the Company's Long Term Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | See 4(c) above | ||||
e) | Date of the transaction | 28 February 2022
| ||||
f) | Place of the transaction | Outside a trading venue
| ||||
g) | Additional Information | |||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | (i) Gary Morrison (ii) Caroline Sherry | ||||
2 | Reason for the notification | |||||
a) | Position/status | (i) Chief Executive Officer (ii) Chief Financial Officer | ||||
b) | Initial Notification Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Hostelworld Group plc
| ||||
b) | LEI | 213800OC94PF2D675H41 | ||||
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 | |||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of €0.01 each in the capital of Hostelworld Group plc
ISIN: GB00BYYN4225 | ||||
b) | Nature of the transaction | Sale of ordinary shares acquired upon vesting of conditional share awards granted on 27 April 2021 under the Company's Long Term Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | See 4(c) above | ||||
e) | Date of the transaction | 1 March 2022
| ||||
f) | Place of the transaction | Outside a trading venue
| ||||
g) | Additional Information | |||||