Hostelworld Group PLC Director/PDMR Shareholding (7372L)
May 04 2020 - 2:00AM
UK Regulatory
TIDMHSW
RNS Number : 7372L
Hostelworld Group PLC
04 May 2020
Hostelworld Group plc ("Hostelworld" or "the Company")
04 May 2020
Grant of Awards under the Long-Term Incentive Plan
LEI: 213800OC94PF2D675H41
Hostelworld announces that the following grants of nil-cost
options were made to Directors of the Company on 2 May 2020, under
the terms of the Company's Long-Term Incentive Plan.
Director Position No. of nil-cost options
granted
Chief Executive
Gary Morrison Officer 771,900
----------------- ------------------------
Chief Financial
TJ Kelly Officer 528,700
----------------- ------------------------
No consideration was paid for the grant of the awards.
The awards will vest in three years' time, subject to continued
employment and the satisfaction of performance conditions. 75% of
the award will be subject to the achievement of targets linked to
Hostelworld's total shareholder return ("TSR"), and the remaining
25% will be subject to adjusted earnings per share ("EPS") targets.
Full details of the targets are set out below:
Annualised TSR of the Company over Level of vesting
the three-year period to 01 May
2023 (75% of the total award)
Less than 5% p.a. 0%
------------------------------
5% p.a. 25%
------------------------------
15% p.a. or above 100%
------------------------------
Between 5% and 15% p.a. Straight-line vesting between
25% and 100%
------------------------------
Adjusted EPS for the financial year Level of vesting
ending 31 December 2022
(25% of the total award)
Less than 0 c 0%
------------------------------
0c 25%
------------------------------
9c or above 100%
------------------------------
Between 0 c and 9c Straight-line vesting between
25% and 100%
------------------------------
The Notification of Dealing form provided in accordance with the
requirements of the Market Abuse Regulation is set out below.
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
a) Name 1) GARY MORRISON
2) TJ KELLY
--------------------------------- ----------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status 1) GARY MORRISON - Director/Chief
Executive Officer
2) TJ KELLY- Director/Chief Financial
Officer
--------------------------------- ----------------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------------- ----------------------------------------------
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 Ordinary Shares of EUR0.01 each
financial instrument,
type of instrument
ISIN: GB00BYYN4225
Identification code
b) Nature of the transaction Grant of Nil cost options to subscribe
for ordinary shares in Hostelworld
Group plc, made in accordance with
the Hostelworld Group plc Long Term
Incentive Plan.
--------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
----------------- ----------------
Price(s) Volume(s)
----------------- ----------------
1)EUR0.00 1) 771,900
2)EUR0.00 2) 528,700
----------------- ----------------
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 02 May 2020
--------------------------------- ----------------------------------------------
f) Place of the transaction N/A Outside a trading venue
--------------------------------- ----------------------------------------------
g) Additional Information None
--------------------------------- ----------------------------------------------
Contacts: Hostelworld Group plc
John Duggan, Company Secretary
Tel: +353 (0) 1 498 0700
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.
END
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