Hostelworld Group plc (GB:HSW) has released an update.
Hostelworld Group plc has issued over 1.3 million new shares to fulfill the company’s Long Term Incentive Plan and a smaller amount for their Save as You Earn scheme, both at nominal value. These shares will rank equally with the existing shares and bring the total number of voting rights in the company to nearly 125 million. The company, a social network powered Online Travel Agent focusing on hostelling, is also committed to improving the sustainability of the hostelling industry and offers features to help travelers connect.
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