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DUBLIN - Hostelworld Group plc announced Tuesday it has extended the duration of its £5 million share buyback program until its 2026 Annual General Meeting, expected to be held in May 2026.
The program, initially announced on June 19, 2025, was originally scheduled to conclude on December 31, 2025. According to the company's statement, the buyback will continue under the general authority granted at its Annual General Meeting held on May 7, 2025.
As of November 17, Hostelworld has repurchased 2,584,783 shares for approximately £3.2 million, with all repurchased shares being cancelled. The company's total issued share capital now consists of 124,692,540 shares, all carrying voting rights.
The online travel agency, which specializes in hostel bookings, stated that all other terms of the buyback program remain unchanged from the original June announcement.
Hostelworld Group, headquartered in Ireland, operates as a social network-powered online travel agent focused on the hostelling category. The company employs approximately 260 people and has hostel partners in over 180 countries.
The information was disclosed in a regulatory announcement to the London Stock Exchange.
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