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2 Feb 2011 15:26
FOR IMMEDIATE RELEASE
2 February 2011
Safestore Holdings plc
Director/PDMR Shareholding
This notification is made in accordance with DTR 3.1.4(1)(a).
On 1st February 2011, 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 |
Richard Hodsden | 168,586 |
Peter Gowers | 439,791 |
Frederic Vecchioli | 137,747 |
A further six senior managers and executives employed by the company and its subsidiaries have been granted awards over a total of 371,734 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 1st February 2011.
For and on behalf of Safestore Holdings plc
Sam Ahmed (Company Secretary)
Date: 2 February 2011
-Ends-
Notes to editors:
·; Safestore is the UK's largest self storage group with 118 stores including 96 wholly owned stores and 12 stores under management throughout the UK and 22 stores in Paris. |
·; The Company provides storage facilities to over 41,000 domestic and business customers. |
·; Safestore (excluding Space Maker stores under management) has a maximum lettable area ("MLA") for self storage of 5.2 million sq ft (including 10 expansion pipeline stores) of which 2.94 million sq ft was occupied as at 31 October 2010. |
·; 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 along with increased bank facilities allows 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. |
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