2 August 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 July 2021 it granted awards of options over a total of 44,400 ordinary shares of 1 pence each in the Company ("Ordinary Shares") under the Company's existing share option scheme (the "Options") to four Directors or persons discharging managerial responsibilities ("PDMR").
The Options are exercisable at a price of 16 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 July, 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 July 2021 | Larry Lipman | Chairman | 20,900 | 1,583,621 |
31 July 2021 | Stephen Moss | Non-Executive Director | 6,300 | 71,300 |
31 July 2021 | Michael Hirst | Non-Executive Director | 2,600 | 29,500 |
31 July 2021 | Mario Di Candido | Head of Revenue | 14,600 | 365,900 |
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.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Larry Lipman | ||||
2 | Reason for the notification | |||||
|
| 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)
|
| ||||
d) | Aggregated information - Aggregated volume
| N/A single transaction | ||||
e) | Date of the transaction | 31 July 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 | |||||
|
| 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)
|
| ||||
d) | Aggregated information - Aggregated volume
| N/A single transaction | ||||
e) | Date of the transaction | 31 July 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 | |||||
|
| 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)
|
| ||||
d) | Aggregated information - Aggregated volume
| N/A single transaction | ||||
e) | Date of the transaction | 31 July 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 | |||||
|
| 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)
|
| ||||
d) | Aggregated information - Aggregated volume
| N/A single transaction | ||||
e) | Date of the transaction | 31 July 2021 | ||||
f) | Place of the transaction | Outside a trading venue |
Enquiries:
Safestay plc | +44 (0) 20 8815 1600 |
Larry Lipman | |
| |
Liberum Capital Limited | |
(Nominated Adviser and Broker) | +44 (0) 20 3100 2000 |
Andrew Godber/Edward Thomas/Miquela Bezuidenhoudt | |
| |
Novella | |
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/
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.