Safestore Holdings plc
01 May 2008
FOR IMMEDIATE RELEASE 1 MAY 2008
Safestore Holdings plc
('Safestore' or the 'Company')
Appointment of Company Secretary
Safestore Holdings plc, the largest self storage retailer in the UK and Paris
and No. 2 in Europe, is pleased to announce that Sam Ahmed has been appointed
Company Secretary with immediate effect.
Sam, who qualified as a chartered accountant in 1986, joined Safestore in 2004
after serving as head of Corporate Compliance for Mentmore plc for eight years.
He was appointed Director of Finance for Safestore's UK operations in June 2006.
Steve Williams, Chief Executive Officer of Safestore, said:
'We are delighted to appoint Sam as Company Secretary. His extensive knowledge
of the Company along with his background in compliance related issues makes him
ideal for the position.'
The position of Company Secretary was previously combined with Richard Hodsden's
role as Chief Financial Officer.
Ends
For further information, please contact:
Safestore Holdings plc T: 020 8732 1500
Steve Williams, Chief Executive
Richard Hodsden, Chief Financial Officer
Cardew Group T: 020 7930 0777
Nadja Vetter / Sofia Rehman / David Roach
Notes to editors:
• Safestore is the largest self storage provider in the UK and the central
Paris region and the second largest in the EU, in terms of number of
stores, providing individual, secure self storage space and related
services. Over the past four years, the number of stores increased from
24 to 104 - 84 of which operate under the 'Safestore' brand in the UK and
20 of which operate under the 'Une Piece en Plus' brand in France
• The UK is the largest and most established self storage market in Europe.
The UK and French markets show lower penetration rates than the US or
Australia and, according to the UK Self Storage Association the UK market
is expected to grow with a CAGR of 10 to 15 per cent.
• This growth is supported by a number of market trends including: increased
workforce mobility, social factors such as high divorce rates and an ageing
population, housing stock pressure in the UK and lifestyle trends such as
the growth in the home improvement market.
• The Group's business model is supported by a substantial asset base, strong
cashflow and a solid record of earnings which are continuing to grow.
This information is provided by RNS
The company news service from the London Stock Exchange NRAIMMLTMMIJMPP
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