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Safestay PLC (SSTY)

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Tuesday 12 February, 2019

Safestay PLC

Grant of Options

RNS Number : 7846P
Safestay PLC
12 February 2019
 

12 February 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 hostel, announces that it has granted awards of nil cost options over a total of 600,000 Ordinary Shares of 1 pence each under the Company's existing share option scheme on 11 October 2018 and 1 January 2019 (the "Options"). 

The Options granted on 1 January 2019 are exercisable at 34 pence per share after a period of three years from the date of grant. The Options granted on 11 October are exercisable at 42 pence per share after a period of three from the date of grant.

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

11 October 2018

Nuno Sacramento

Chief Operating Officer

100,000

600,000

1 January 2019

Larry Lipman

CEO and Chairman

300,000

946,521

1 January 2019

Nuno Sacramento

Chief Operating Officer

200,000

800,000

 

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

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)



Price(s)

Volume(s)

Nil Cost

Options

100,000

d)

Aggregated information

-         Aggregated volume

-         Price


N/A single transaction

e)

Date of the transaction

11 October 2018

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 and CEO

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)



Price(s)

Volume(s)

Nil Cost

Options

300,000

d)

Aggregated information

-         Aggregated volume

-         Price


N/A single transaction

e)

Date of the transaction

01 January 2019

f)

Place of the transaction

Outside a trading venue

 

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)



Price(s)

Volume(s)

Nil Cost

Options

200,000

d)

Aggregated information

-         Aggregated volume

-         Price


N/A single transaction

e)

Date of the transaction

1 January 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


Michael Reynolds

 


Novella

+44 (0) 20 3151 7008

Tim Robertson


Toby Andrews


 

 

 


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