Hostelworld Group PLC Cancellation of share premium account (3186J)
16 Dezember 2015 - 4:51PM
UK Regulatory
TIDMHSW
RNS Number : 3186J
Hostelworld Group PLC
16 December 2015
16(th) December 2015
Hostelworld Group plc
Cancellation of share premium account
Hostelworld Group plc (the "Company") is pleased to announce
that earlier today the UK High Court approved the cancellation of
the Company's share premium account (the "Cancellation"). This has
occurred pursuant to a resolution of the shareholders of the
Company passed on 27 October 2015 and in accordance with the
details outlined in the Company's prospectus dated 28 October
2015.
The effect of the Cancellation is to create distributable
reserves to support the Board's dividend policy.
The Cancellation has no effect on the net asset position of the
Company or on the issued share capital of the Company which
consists of 95,570,778 ordinary shares of EUR0.01 each, as at
16(th) December 2015.
For further information:
Hostelworld Group plc Tel: +353 (1) 4980700
Feargal Mooney, Chief Executive Officer
Mari Hurley, Chief Financial Officer
This information is provided by RNS
The company news service from the London Stock Exchange
END
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