Last checked at 5 Feb 2014 15:27
FOR IMMEDIATE RELEASE
5 February 2014
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 4th February 2014, 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 | 186,856 |
Andy Jones | 155,928 |
A further six senior managers and executives employed by the company and its subsidiaries have been granted awards over a total of 334,962 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 4th February 2014.
For and on behalf of Safestore Holdings plc
Sam Ahmed (Company Secretary)
Date: 5 February 2014
About Safestore:
· | Safestore is the UK's largest self storage group with 134 stores. They include 97 wholly owned stores in the UK and 25 wholly owned stores in the Paris region together with 12 stores under management in the UK. |
· | The Company provides storage to more than 46,500 personal and business customers. |
· | Safestore (excluding Space Maker) has a maximum lettable area ("MLA") of 5.08 million sq ft (including the expansion pipeline stores) of which 3.32 million sq ft is currently occupied. |
· | Safestore employs around 550 people. |