Director/PDMR Shareholding

RNS Number : 6743H

Safestore Holdings plc

25 February 2010

 



FOR IMMEDIATE RELEASE

                                                                                                                       25 February 2010

Safestore Holdings plc

Director/PDMR Shareholding

This notification is made in accordance with DTR 3.1.4(1)(a).

On 24^th February 2010, the following awards ("Awards") over ordinary shares in the Company were made under the Safestore 2009 Performance Share Plan (the "Plan") to Directors of the Company and other Persons Discharging Managerial Responsibility (together "PDMRs"):

Name of Director	Number of shares under the Award
Steve Williams	275,735
Richard Hodsden	183,823
Name of other PDMR	Number of shares under the Award
Neil Riding	147,058
David Penniston	147,058
Frederic Vecchioli	128,999
Sam Ahmed	57,904
Avril Jones	46,742
David Davies	43,014
Laurent Judas	36,280

No consideration was paid for the grant of an Award which is structured as an option with a nil exercise price.  The vesting of an Award is ordinarily subject to continued employment of the participant and the satisfaction of performance conditions over a three year performance period set by the Remuneration Committee of the Company.

The Company was informed of the above transactions relating to Awards on 24^th February 2010.

For and on behalf of Safestore Holdings plc

Sam Ahmed (Company Secretary)

Date: 25 February 2010

 Ends

Notes to editors:

·	Safestore Holdings is the UK's largest self storage group with 95 stores throughout the UK, including 42 within the M25.  In addition, it is the largest operator in central Paris with 22 stores.
·	The Company provides storage facilities to more than 39,000 domestic and business customers.
·	Safestore has a maximum lettable area ("MLA") of 5.4 million sq ft (including the 6 expansion pipeline stores) of which 2.75 million sq ft is currently occupied.
·	As the UK's only national self storage provider, Safestore is uniquely positioned to meet the needs of companies requiring a national service.
·	A strong balance sheet and operational cash flow allow Safestore to invest in continual improvements in the operational performance of its stores, in new store development and acquisitions where appropriate.
·	Safestore employs around 500 people in the UK and Paris.

 

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