Completion of Acquisition
15 January 2020
Safestay plc
("Safestay", the "Company" or the "Group")
Completes Acquisition of Athens Hostel
Further to the announcement made on 28 October 2019, Safestay (AIM: SSTY), the owner and operator of an international brand of contemporary hostels, is pleased to announce that it has completed the acquisition of the 'AthenStyle Hostel' in Athens, for €1.5 million.
Larry Lipman, Chairman of Safestay, said:
"AthenStyle is a stylish and successful hostel, located in the heart of this popular tourist city and so requires only to be rebranded to be fully integrated into our unique European hostel network."
Enquiries
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Safestay plc |
+44 (0) 20 8815 1600 |
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Larry Lipman |
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Liberum Capital Limited |
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(Nominated Adviser and Broker) |
+44 (0) 20 3100 2000 |
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Andrew Godber/Edward Thomas/Laura Hamilton |
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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/
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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