25th Jun 2020 12:19
Hostelworld Group PLC - hostel-focused online booking platform - Raises GBP13.8 million through placing and subscription of 19.1 million shares at price of 72.0 pence per share. Issue price reflects discount of 7.1% to closing price of 77.50p on Wednesday. Proceeds from share issue to strengthen group's position in uncertain environment, and strengthen group balance sheet. Hostelworld now has 114.7 million shares issued overall.
Current stock price: 68.29 pence
Year-to-date change: down 47%
By Dayo Laniyan; [email protected]
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