Last checked at 9 May 2019 15:15
09 May 2019
Safestay plc
("Safestay", the "Company" or the "Group")
Grant of Options
Safestay (AIM: SSTY), the owner and operator of a new brand of contemporary hostels, announces that on 29 April 2019 it has granted awards of nil cost options over a total of 500,000 Ordinary Shares of 1 pence each under the Company's existing share option scheme (the "Options").
The Options granted on 29 April 2019 are exercisable at 34 pence per share after a period of three years from the date of grant, and can only be exercised if the share price is above 50 pence per share.
The grants were as follows:
Date of grant | PDMR | Position | Number of options over Ordinary Shares granted | Total number of Ordinary Shares over which options held following notification |
29 April 2019 | Hervé Deligny | Chief Finance Officer | 500,000 | 500,000 |
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.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Hervé Deligny | ||||
2 | Reason for the notification | |||||
a) | Position/status
| Chief Finance 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) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A single transaction | ||||
e) | Date of the transaction | 29 April 2019 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Enquiries:
Safestay plc | +44 (0) 20 8815 1600 |
Larry Lipman | |
Nuno Sacramento Hervé Deligny
| |
Canaccord Genuity Limited (Nominated Adviser and Broker) | +44 (0) 20 7523 8000 |
Chris Connors | |
Martin Davison | |
Jack Haynes
| |
Novella | +44 (0) 20 3151 7008 |
Tim Robertson | |
Toby Andrews |