Hostelworld Group

AGM Information • Feb 4, 2021

National Storage Mechanism | Additional information

RNS Number : 0490O

Hostelworld Group PLC

04 February 2021

February 2021

For Immediate Release

LEI:213800OC94PF2D675H41

HOSTELWORLD GROUP PLC (the "Company")

RESULTS OF GENERAL MEETING

Further to the announcement on 18 January 2021, the Company is pleased to announce that at the General Meeting held earlier today, the ordinary resolution to change the borrowing limit for the purposes of its Articles of Association to a fixed amount of €40 million was voted on by poll and duly passed.

The Company is also pleased to announce that it is now in advanced negotiations with a lender in relation to a new €30 million debt facility and will provide further updates in due course. 

In accordance with Listing Rule 9.6.2, copies of the resolutions passed at the General Meeting are being submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. In accordance with the Listing Rules of Euronext Dublin, a copy of the Resolution has also been forwarded to Euronext Dublin and will shortly be available for inspection at the following address:

Companies Announcement Office

Euronext Dublin

28 Anglesea Street

Dublin 2

The full details of the votes cast are as follows:

Resolution	Votes For	%	Votes Against	%	Votes Total	% Of ISC Voted	Votes Withheld
1. To increase the maximum permitted aggregate amount of all outstanding borrowings of the group to €40 million for the purposes of the Company's articles of association.	83,091,758	99.9	8,857	0.01	83,100,615	71.44	3,504

The issued share capital at the date of the General Meeting was 116,321,185 ordinary shares of €0.01 each.

*A 'vote withheld' is not a vote in law and has not been counted in the calculation of votes for and against.

For further information please contact:

Hostelworld Group plc 

Gary Morrison Chief Executive Officer

Caroline Sherry Chief Financial Officer

Rudolf O'Kane Head of Commercial Finance

Tel: +353 (0) 1 498 0700

Powerscourt (Financial PR adviser)

Lisa Kavanagh

Eavan Gannon

Jack Shelley

Tel: +44 (0) 20 7250 1446

Email: hostelworld@powerscourt-group.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ROMBXGDDIDGDGBS