Director/PDMR Shareholding

RNS Number : 3132H

Safestore Holdings plc

12 March 2015

 

12 March 2015

Safestore Holdings plc

("the Company")

 

Director/PDMR Shareholding

The following notification is made in conformity with the UK Financial Conduct Authority ("FCA") Disclosure and Transparency Rule 3.1.4R.

On 12 March 2015, the Company was informed that Frederic Vecchioli exercised options over 182,447 ordinary shares of 1 pence each that were awarded to him under the Safestore 2009 Performance Share Plan. The awards in the form of nil-cost options were granted on 2 February 2012 and vested on 11 February 2015 following an assessment of the performance conditions.

The options over 182,447 ordinary shares were exercised in full and 86,007 shares were sold on 11 March 2015 at a price of 258.67 pence per share to cover the Income Tax and NIC liability arising on exercise. The remaining 96,440 shares were retained and transferred to Mr Vecchioli.

Following this transaction, Mr Vecchioli's interest in the issued share capital of the Company increased by 96,440 shares to 1,547,771 shares representing approximately 0.74% of the issued share capital of the Company.

For further information, please contact:

Safestore Holdings plc

Sam Ahmed, Company Secretary                                                           Tel: [phone]

www.safestore.com

About Safestore:

·      Safestore is the UK's largest self storage group with 121 stores. They include 97 wholly owned stores in the UK and 24 wholly owned stores in the Paris region. Safestore has 12 Space Maker stores under management in the UK.

·      The Company provides storage to around 48,000 personal and business customers.

·      Safestore (excluding Space Maker) has a maximum lettable area ("MLA") of 5.03 million sq ft of which 3.38 million sq ft is currently occupied.

·      Safestore employs around 525 people.

 

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