HSW Hostelworld Group Plc

TIDMHSW

RNS Number : 7145Z

Hostelworld Group PLC

19 December 2017

Hostelworld Group plc

("Hostelworld", "the Group" or "the Company")

Board Change

Hostelworld, the world's leading hostel-focused online booking platform, announces that Mari Hurley has informed the Board of her intention to resign as Chief Financial Officer to pursue a new opportunity outside the Group. Mari will leave Hostelworld during the first half of 2018, at a date to be confirmed.

The search for a new Chief Financial Officer is underway and a further announcement will be made in due course.

Feargal Mooney, Chief Executive Officer, commented:

"The Board is very grateful to Mari for her significant contribution to Hostelworld over many years with the Group. She has played a major role during a period that has seen much successful change and growth for Hostelworld, including the Company's joint listing on the London Stock Exchange and Irish Stock Exchange in 2015. The Board wishes Mari well for the future and I look forward to continuing to work with her over the coming months as we appoint a successor."

Mari Hurley, Chief Financial Officer, commented:

"After over 10 years with Hostelworld it is time for me to pursue a new opportunity. The business has travelled a great distance since I joined and is very well positioned to make further strong progress in its international markets. I look forward to continuing in my current role over the coming months and I wish Feargal, my other Board colleagues and everyone at the Group well for the future."

The Board confirms that it anticipates that the Group's results for the year ended 31 December 2017 will be in line with its expectations. Hostelworld intends to release its pre-close trading update on 24 January 2018.

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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