Hyatt amends Playa tender offer to exclude restricted shares from 80% minimum condition

Hyatt Hotels Corp

Amendment dated May 16, 2025 to the Purchase Agreement excludes Company Restricted Shares that cannot be tendered from the Minimum Condition calculation.
Minimum Condition remains 80% of issued and outstanding shares, excluding restricted shares and treasury shares.
Buyer may in its sole discretion reduce the minimum condition to 75% after three consecutive 10-business-day extensions.
No other changes to the Purchase Agreement; the amendment is summarized in Exhibit 2.1.

item 1.01item 9.01

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