Hostelworld Group PLC AGM Statement (7699G)
01 Juni 2017 - 8:00AM
UK Regulatory
TIDMHSW
RNS Number : 7699G
Hostelworld Group PLC
01 June 2017
Hostelworld Group plc
("Hostelworld" or the "Group")
AGM Statement
Hostelworld, the world's leading hostel-focused online booking
platform, today holds its 2017 Annual General Meeting.
Richard Segal, Chairman, will present the following update to
shareholders:
"I am pleased to report that the improved trading momentum which
commenced in the latter part of 2016 has continued. Total Group
bookings year to date are ahead of the corresponding period last
year across all regions, albeit with more moderate gains in
European destinations. Overall Average Booking Value is also higher
than the corresponding period last year. Our continued execution of
key strategic initiatives together with our highly cash generative
business model positions the Group well to make further progress.
While mindful that the key summer travel season is still ahead of
us, we remain confident of meeting the Board's expectations for the
full year".
Subject to approval at the AGM, the final dividend in respect of
the year ended 31 December 2016 of 10.4 euro cent per share
together with the supplementary dividend of 10.5 euro cent per
share will be paid on 6 June 2017 to shareholders on the register
at 28 April 2017. This will bring the total dividend in respect of
2016 to 25.7 euro cent per share.
ends
For further information please contact:
Hostelworld Group plc
Feargal Mooney, Chief Executive Officer
Tel: +353 (0) 1 498 0700
Weber Shandwick
Nick Oborne
Tom Jenkins
Tel: +44 (0) 20 7067 0000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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