Last checked at 12 Jul 2023 17:40
12 July 2023
Safestore Holdings plc
("Safestore", "the Company" or "the Group")
Result of General Meeting
A General Meeting of Safestore Holdings plc was held at 3.00pm today at the Company's registered office in Borehamwood, Hertfordshire.
All resolutions were passed by the requisite majority by way of a poll.
The following votes were cast in respect of the resolutions:
Resolution | Votes For | % | Votes Against | % |
| Total Votes (excluding withheld) | % of Issued Share Capital Voted | Votes Withheld | |
1 | To approve the Directors' Remuneration Policy | 178,517,273 | 97.40% | 4,769,130 | 2.60% |
183,286,403 | 84.07%
|
2,815,021 | |
2 | To approve an amendment to the rules of the Safestore 2020 Long Term Incentive Plan
| 182,078,063 | 98.90% | 2,026,864 | 1.10% |
184,104,927 | 84.44% |
1,996,497 |
Resolutions 1 and 2 were ordinary resolutions, requiring more than 50 per cent of shareholders' votes to be cast in favour of the resolutions.
Where shareholders appointed the Chairman of the meeting as their proxy with discretion as to voting, their votes were cast in favour of the resolutions and their shares have been included in the "votes for" column.
A "vote withheld" is not a vote in law and is not counted in the calculation of the percentages of votes cast for and against a resolution.
Commenting on the result of the General Meeting David Hearn, Chairman of Safestore said:
"The Board takes the issue of the Company's Remuneration Policy and specifically executive remuneration very seriously. As a result, we conducted an extensive consultation programme with most of our major shareholders and Investor Bodies in advance of finalising these resolutions, and I would like to thank them for their engagement and constructive feedback throughout the process.
I am therefore delighted to be able to report that with almost 85% of all shares being voted, the two resolutions received overwhelming support with over 97.4% and 98.9% votes in favour respectively."
The current issued capital of Safestore Holdings plc is 218,006,528 ordinary shares.
For further information, please contact:
| |
Instinctif Partners Guy Scarborough Bryn Woodward | 020 7457 2020 |
Notes to Editors:
· Safestore is the UK's largest self storage group with 185 stores on 30 April 2023, comprising 132 wholly owned stores in the UK (including 73 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool, Sheffield, Leeds, Newcastle, and Bristol), 29 wholly owned stores in the Paris region, 8 stores in Spain, 10 stores in the Netherlands and 6 stores in Belgium.
· 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 more densely populated 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 90,000 personal and business customers.
· As at 30 April 2023, Safestore had a maximum lettable area ("MLA") of 7.990 million sq ft (excluding the expansion pipeline stores) of which 6.124 million sq ft was occupied.
· Safestore employs around 750 people in the UK, France, Spain, the Netherlands and Belgium.