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ISE - The Irish Stock Exchange plc

05/03/2019 | Press release | Distributed by Public on 05/03/2019 00:09

Directorate Change

LEI: 213800OC94PF2D675H41

Hostelworld Group plc ('Hostelworld' or the 'Company')

DIRECTORATE CHANGE

3 May 2019: Hostelworld, the global hostel-focussed online booking platform, announces that Andy McCue has informed the Board of his intention to step down from his position as a Non-Executive Director and Chairman of the Remuneration Committee, effective 31 May 2019, following the conclusion of the Company's Annual General Meeting.

Carl G. Shepherd, who joined the Board as a Non-Executive Director on 1 October 2017, will replace Andy McCue as Senior Independent Non-Executive Director and Chairman of the Remuneration Committee.

The search for an additional Independent Non-Executive Director is underway and a further announcement will be made in due course.

Michael Cawley, Chairman of Hostelworld plc, commented:

'On behalf of the Board, I would like to wish Andy well for the future and thank him for his valuable contribution to the Board during his tenure as a Director since the Company's IPO in 2015.'

For further information please contact:

Hostelworld Group plc

TJ Kelly, CFO

+353 (0) 1 498 0700

John Duggan, Company Secretary

+353 (0) 1 498 0700

Note: At the Company's Annual General Meeting scheduled for 31 May 2019, the Chairman will seek the consent of shareholders to withdraw the resolution to re-elect Andy McCue as a non-executive director of the Company.

About Hostelworld Group

Hostelworld Group is the leading hostel-focussed online booking platform, sparking social experiences for young and independent travellers.

Our customers are not your average tourists; they crave unique experiences that we facilitate with the best choice of hostels around the world offered in 19 languages across the website and 13 languages on our app of our core brand Hostelworld.

We have 20 years' experience as the hostel Online Travel Agent ('OTA') experts, and today we work with over 16,500 hostel properties globally, in addition to 20,000 other forms of budget accommodation.

Our customers have access to an extensive database of more than 11.5 million customer reviews which allows them to choose the hostel that's right for them.

Since 1999 we've partnered with hostels worldwide, enabling them to manage and distribute their inventory to our highly engaged and valuable global customer base.