Hostelworld Group PLC Exercise of Warrants (2948U)
27 Marzo 2023 - 9:31AM
UK Regulatory
TIDMHSW
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 EUR0.01 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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END
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(END) Dow Jones Newswires
March 27, 2023 03:31 ET (07:31 GMT)
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