Grant of Options

RNS Number : 7846P

Safestay PLC

12 February 2019

 

12 February 2019

Safestay plc

("Safestay", the "Company" or the "Group")

Grant of Options

Safestay (AIM: SSTY), the owner and operator of a new brand of contemporary hostel, announces that it has granted awards of nil cost options over a total of 600,000 Ordinary Shares of 1 pence each under the Company's existing share option scheme on 11 October 2018 and 1 January 2019 (the "Options"). 

The Options granted on 1 January 2019 are exercisable at 34 pence per share after a period of three years from the date of grant. The Options granted on 11 October are exercisable at 42 pence per share after a period of three from the date of grant.

The grants were as follows:

Date of grant	PDMR	Position	Number of options over Ordinary Shares granted	Total number of Ordinary Shares over which options held following notification
11 October 2018	Nuno Sacramento	Chief Operating Officer	100,000	600,000
1 January 2019	Larry Lipman	CEO and Chairman	300,000	946,521
1 January 2019	Nuno Sacramento	Chief Operating Officer	200,000	800,000

The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Nuno Sacramento
2	Reason for the notification
a)	Position/status	Chief Operating Officer
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Safestay plc
b)	LEI	213800H1MT2FZDI3HK90
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument Identification code	Ordinary shares of £0.01p par value GB00BKT0J702
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil Cost Options 100,000
d)	Aggregated information -         Aggregated volume -         Price	N/A single transaction
e)	Date of the transaction	11 October 2018
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Larry Lipman
2	Reason for the notification
a)	Position/status	Chairman and CEO
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Safestay plc
b)	LEI	213800H1MT2FZDI3HK90
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument Identification code	Ordinary shares of £0.01p par value GB00BKT0J702
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil Cost Options 300,000
d)	Aggregated information -         Aggregated volume -         Price	N/A single transaction
e)	Date of the transaction	01 January 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Nuno Sacramento
2	Reason for the notification
a)	Position/status	Chief Operating Officer
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Safestay plc
b)	LEI	213800H1MT2FZDI3HK90
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument Identification code	Ordinary shares of £0.01p par value GB00BKT0J702
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil Cost Options 200,000
d)	Aggregated information -         Aggregated volume -         Price	N/A single transaction
e)	Date of the transaction	1 January 2019
f)	Place of the transaction	Outside a trading venue

Enquiries:

Safestay plc	[phone]
Larry Lipman
Nuno Sacramento Hervé Deligny
Canaccord Genuity Limited (Nominated Adviser and Broker)	[phone]
Chris Connors
Martin Davison
Michael Reynolds
Novella	[phone]
Tim Robertson
Toby Andrews

 

END

 

 

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