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REG - Safestay PLC - Directorate Change

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RNS Number : 6087O  Safestay PLC  26 June 2025

26 June 2025

This announcement contains certain inside information for the purposes of
Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK
domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"),
and is disclosed in accordance with the Company's obligations under Article 17
of MAR.

Safestay PLC

("Safestay", the "Company" or the "Group")

Directorate Changes

 

Safestay (AIM: SSTY), one of Europe's largest hostel groups, announces the
appointment of Mr Carlos Salas Dual as Chief Financial Officer with effect
from 30 June 2025. Simultaneously with Carlos Salas Dual's appointment, Paul
Hingston has resigned as the Company's Chief Financial Officer.

 

Mr Salas Dual, who is a Chartered Certified Accountant, has extensive
experience in senior financial management roles across a range of sectors,
most recently acting as Group Financial Controller for Gibraltar-based MH
Bland Group of Companies. He has also held senior financial controller
positions at Gibraltar-based Fairhomes Real Estate Group, cosmetics producer
KF Beauty, and international pharmaceutical and biotechnology company GSK plc.

 

Mr Salas Dual who is 47 years old does not hold any current or past
directorships and holds no ordinary shares or options in the Company. He has
confirmed that there is no other information that is required to be disclosed
pursuant to Schedule 2 paragraph (g) or Rule 17 of the AIM Rules for
Companies.

 

Larry Lipman, Chairman of Safestay, said:

 

"On behalf of the Board, I would like to thank Paul for his contribution over
the last 3 years and wish him the very best for the future. I would also like
to welcome Carlos. I am confident that his extensive experience will be
invaluable as we continue to explore the expansion of our portfolio of premium
hostels and, where appropriate, seek to crystallise value for shareholders."

 

ENDS

Enquiries

 Safestay PLC                        Tel: +44 (0) 20 8815 1600

 Larry Lipman
 Shore Capital (Nomad & Broker)      Tel: +44 (0) 20 7408 4090

 Tom Griffiths/Harry Davies-Ball

 Hudson Sandler (Financial PR)       Tel: +44 (0) 20 7796 4133

 Alex Brennan/India Laidlaw          safestay@hudsonsandler.com

 

For more information visit our:

Website www.safestay.com (http://www.safestay.com)

Vox Markets page https://www.voxmarkets.co.uk/company/SSTY/news/
(https://www.voxmarkets.co.uk/company/SSTY/news/)

Instagram page www.instagram.com/safestayhostels/
(http://www.instagram.com/safestayhostels/)

 

About Safestay PLC

Safestay (https://www.safestay.com/) PLC is one of Europe's largest hostel
groups, operating in the fragmented and fast-growing global hostel market that
is expected to be worth $8.9bn annually by 2027*.

 

Safestay's portfolio of 19 premium hostels and one hotel offer guests both
private and shared rooms in destination cities across the UK, Spain, Belgium,
Czech Republic, Germany, Greece, Italy, Poland, Portugal, and Slovakia.

 

The Group currently offers 3,750 beds across its locations and sold 848,633
bed nights in 2023, a 17% increase against the prior year.

 

Safestay's mission at each of its locations is to provide a safe, inclusive,
and enjoyable space that caters to the needs of different travellers. Its
properties offer first-class locations and thoughtful designs that cater for
the different needs of travellers, from digital nomads to backpackers and from
families to group travellers.

 

https://www.safestay.com/ (https://www.safestay.com/)

 

*Source - Markets and Research, August 2022

 

Safestay's pan-European locations include:

 

·    Athens Monastiraki, Greece
(https://www.safestay.com/venue/safestay-athens-monastiraki/)

·    Barcelona Gothic, Spain
(https://www.safestay.com/venue/barcelona-gothic/)

·    Barcelona Passeig de Gracia, Spain
(https://www.safestay.com/venue/safestay-barcelona-passeig-de-gracia/)

·    Berlin Kurfurstendamm, Germany (hotel)
(https://www.safestay.com/venue/safestay-berlin-kurfurstendamm/)

·    Bratislava Presidential Palace, Slovakia
(https://www.safestay.com/venue/safestay-bratislava-presidential-palace/)

·    Brighton, UK (in development)

·    Brussels Grand Place, Belgium
(https://www.safestay.com/venue/safestay-brussels-grand-place/)

·    Budapest, Hungary (in development)

·    Calpe Seafront, Spain (in development)
(https://www.safestay.com/venue/safestay-calpe-seafront-costa-blanca/)

·    Córdoba Mezquita Catedral, Spain
(https://www.safestay.com/venue/safestay-cordoba-mezquita-catedral/)

·    Glasgow Charing Cross, UK
(https://www.safestay.com/venue/safestay-glasgow-charing-cross/)

·    Edinburgh Cowgate, UK
(https://www.safestay.com/venue/safestay-edinburgh-cowgate/)

·    London Elephant & Castle, UK
(https://www.safestay.com/venue/safestay-london-elephant-castle/)

·    London Kensington Holland Park, UK
(https://www.safestay.com/venue/safestay-london-kensington-holland-park/)

·    Lisbon Bairro Alto, Portugal
(https://www.safestay.com/venue/safestay-lisbon-bairro-alto/)

·    Madrid Central, Spain
(https://www.safestay.com/venue/safestay-madrid-central/)

·    Pisa Centrale, Italy
(https://www.safestay.com/venue/safestay-pisa-centrale/)

·    Prague Charles Bridge, Czeck Republic
(https://www.safestay.com/venue/safestay-prague-charles-bridge/)

·    Warsaw Old Town, Poland
(https://www.safestay.com/venue/safestay-warsaw-old-town/)

·    York Micklegate, UK
(https://www.safestay.com/venue/safestay-york-micklegate/)

 

 

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.   END  BOAFFMTTMTTTBLA

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