Hostelworld - Liquidity enhanced by completed equity placing

Davy Research
/Read Important Disclosures

Newly issued shares from Hostelworld’s equity placing are expected to be admitted for trading today (June 29th). The company expects that the raise (£13.8m), in tandem with the finalisation of two new banking facilities (together €10.5m), will provide essential liquidity through 2020-2021 even in the event of a second spike of COVID-19.