Director/PDMR Shareholding

RNS Number : 9435T

Safestore Holdings plc

01 April 2016

 

1 April 2016

Safestore Holdings plc

("the Company")

 

Director/PDMR Shareholding

The following notification is made in conformity with the UK Financial Conduct Authority ("FCA") Disclosure and Transparency Rule 3.1.4R.

On 1 April 2016, the Company was informed that Frederic Vecchioli exercised options over 178,469 ordinary shares of 1 pence each that were awarded to him under the Safestore 2009 Performance Share Plan. The awards in the form of nil-cost options were granted on 6 February 2013 and vested on 11 March 2016 following an assessment of the performance conditions.

The options over 178,469 ordinary shares were exercised in full and 84,416 shares were sold on 31 March 2016 at a price of 338.82 pence per share to cover the income tax and national insurance liabilities arising on exercise. The remaining 94,053 shares were retained and transferred to Mr Vecchioli.

Following this transaction, the interests of Mr Vecchioli in the issued share capital of the Company has increased by 94,053 shares to 1,641,824 shares representing approximately 0.79% of the issued share capital of the Company.

For further information, please contact:

Safestore Holdings plc

Sam Ahmed, Company Secretary                                                           Tel: [phone]

www.safestore.com

About Safestore: ·      Safestore is the UK's largest self-storage group with 119 stores, comprising 95 wholly owned stores in the UK (including 56 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool and Bristol) and 24 wholly owned stores in the Paris region. In addition, Safestore has 12 Space Maker stores under management in the UK. ·      Safestore operates more self-storage sites inside the M25 and in central Paris than any competitor providing more proximity to customers in the wealthiest and densest UK and French markets. ·      Safestore was founded in the UK in 1998. It acquired the French business "Une Pièce en Plus" ("UPP") in 2004 which was founded in 1998 by the current Safestore Group CEO Frederic Vecchioli. ·      Safestore has been listed on the London Stock Exchange since 2007. It entered the FTSE 250 index in October 2015. ·      The Group provides storage to around 49,000 personal and business customers. ·      Safestore (excluding Space Maker) has a maximum lettable area ("MLA") of 4.925 million sq ft (excluding the expansion pipeline stores) of which 3.435 million sq ft was occupied at 31 January 2016. ·      Safestore employs around 525 people in the UK and France.

 

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