Director/PDMR Shareholding

RNS Number : 0535S

Safestore Holdings plc

14 March 2016

 

                                                                                                                              14 March 2016

Safestore Holdings plc

Director/PDMR Shareholding

This notification is made in accordance with the UK Financial Conduct Authority's Disclosure and Transparency Rule 3.1.4.

On 14^th March 2016, 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/PDMR	Number of shares under the Award
Frederic Vecchioli	118,657
Andy Jones	93,135

A further six senior managers and executives employed by the company and its subsidiaries have been granted awards over a total of 177,488 shares.

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 14^th     March 2016.

For and on behalf of Safestore Holdings plc

Sam Ahmed (Company Secretary)

Date: 14 March 2016

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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