Last checked at 1 Apr 2021 07:00
1 April 2021
Safestay plc
("Safestay", the "Company" or the "Group")
Grant of Options
Safestay (AIM: SSTY), the owner and operator of a brand of contemporary hostels, announces that on 31 March 2021 it granted awards of options over a total of 111,900 ordinary shares of 1 pence each in the Company ("Ordinary Shares") under the Company's existing share option scheme (the "Options") to six Directors or persons discharging managerial responsibilities ("PDMR").
The Options are exercisable at a price of 15 pence after a period of one year from the date of grant and were awarded in lieu of a 40% reduction of salary in the month of December, as previously announced on 13 October 2020.
The grants were as follows:
Date of grant | Director/PDMR | Position | Number of options over Ordinary Shares granted | Total number of Ordinary Shares over which options held following notification |
31 March 2021 | Nuno Sacramento | Chief Operating Officer | 27,800 | 1,294,200 |
31 March 2021 | Hervé Deligny | Chief Financial Officer | 36,700 | 1,056,400 |
31 March 2021 | Larry Lipman | Chairman | 22,300 | 1,502,121 |
31 March 2021 | Stephen Moss | Non-Executive Director | 6,700 | 46,800 |
31 March 2021 | Michael Hirst | Non-Executive Director | 2,800 | 19,400 |
31 March 2021 | Mario Di Candido | Head of Revenue | 15,600 | 308,900 |
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.
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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)
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d) | Aggregated information - Aggregated volume
| N/A single transaction | ||||
e) | Date of the transaction | 31 March 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Hervé Deligny | ||||
2 | Reason for the notification | |||||
a) | Position/status
| Chief Financial 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)
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d) | Aggregated information - Aggregated volume
| N/A single transaction | ||||
e) | Date of the transaction | 31 March 2021 | ||||
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 | ||||
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)
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d) | Aggregated information - Aggregated volume
| N/A single transaction | ||||
e) | Date of the transaction | 31 March 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Stephen Moss | ||||
2 | Reason for the notification | |||||
a) | Position/status
| Non Executive Director | ||||
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)
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| ||||
d) | Aggregated information - Aggregated volume
| N/A single transaction | ||||
e) | Date of the transaction | 31 March 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Michael Hirst | ||||
2 | Reason for the notification | |||||
a) | Position/status
| Non Executive Director | ||||
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)
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| ||||
d) | Aggregated information - Aggregated volume
| N/A single transaction | ||||
e) | Date of the transaction | 31 March 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Mario Di Candido | ||||
2 | Reason for the notification | |||||
a) | Position/status
| Head of Revenue | ||||
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)
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| ||||
d) | Aggregated information - Aggregated volume
| N/A single transaction | ||||
e) | Date of the transaction | 31 March 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Enquiries:
Safestay plc | +44 (0) 20 8815 1600 |
Larry Lipman |
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Liberum Capital Limited |
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(Nominated Adviser and Broker) | +44 (0) 20 3100 2000 |
Andrew Godber/Edward Thomas/Miquela Bezuidenhoudt |
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Novella |
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Tim Robertson | +44 (0) 20 3151 7008 |
| Fergus Young |
For more information visit our:
Website www.safestay.com
Vox Markets page https://www.voxmarkets.co.uk/company/SSTY/news/
Instagram page www.instagram.com/safestayhostels/