REG - Safestore Hldgs plc - CFO Retirement

Safestore HoldingsAnnouncement

28/09/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230928:nRSb9062Na&default-theme=true

RNS Number : 9062N  Safestore Holdings plc  28 September 2023

28 September 2023

 

Safestore Holdings plc

("Safestore" or the "Company")

 

Directorate change

 

CFO Retirement

 

Safestore Holdings today announces that Andy Jones has notified the Board of
his intention to retire from his role as Chief Financial Officer and as a
director of the Company. Andy will continue in his role until the transition
to his successor is complete.

 

The Company will be commencing an external search for Andy's replacement.

 

Andy joined Safestore in May 2013. For over ten years, he has been
instrumental in helping deliver the Company's strategy, significantly
expanding its store portfolio and entering four additional geographies. During
his career with Safestore, he has overseen a period of sector leading growth
and shareholder returns, with revenue increasing by 120%, EPS by 330% and
market capitalization by 575%.

 

Frederic Vecchioli, Safestore's Chief Executive Officer, said:

 

"I and the Board of Safestore would like to sincerely thank Andy for his
exceptional contribution and commitment to Safestore over the last ten years.
He has been an excellent and trusted support to me and instrumental in
delivering the market leading progress of the business in that time. I wish
him well in his retirement."

 

Andy Jones, Chief Financial Officer added:

 

"It has been a privilege to be part of Safestore's progress since 2013.
Safestore is an outstanding Company with a fantastic team and an exciting
future ahead. I will be staying with the business until the transition to my
successor is complete, and I look forward to watching the business continue to
grow over the years ahead."

 

 

Enquiries

 

 Safestore Holdings PLC                         via Instinctif Partners

 Frederic Vecchioli, Chief Executive Officer

 Andy Jones, Chief Financial Officer

 www.safestore.com (http://www.safestore.com)

 Instinctif Partners                            07917 178920 / 07739 342009

 Guy Scarborough/ Bryn Woodward

 

 

Notes to Editors

 

·      Safestore is the UK's largest self-storage group with 187
stores on 31 July 2023, comprising 132 wholly owned stores in
the UK (including 72 in London and the South East with the remainder in
key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh,
Liverpool, Sheffield, Leeds, Newcastle, and Bristol), 29 wholly owned stores
in the Paris region, 10 stores in Spain, 10 stores in the Netherlands and 6
stores in Belgium. In addition, the Group operates 7 stores in Germany under a
Joint Venture agreement with Carlyle.

·      Safestore operates more self-storage sites inside the M25 and in
central Paris than any competitor providing more proximity to customers in
the wealthiest and more densely populated UK and French markets.

·      Safestore was founded in the UK in 1998. It acquired the French
business "Une Pièce en Plus" ("UPP") in 2004 which was founded in 1998 by the
current Safestore Group CEO Frederic Vecchioli.

·      Safestore has been listed on the London Stock Exchange since
2007. It entered the FTSE 250 index in October 2015.

·      The Group provides storage to around 90,000 personal and business
customers.

·      As of 31 July 2023, Safestore had a maximum lettable area ("MLA")
of 8.080 million sq ft (excluding the expansion pipeline stores) of which
6.389 million sq ft was occupied.

·      Safestore employs around 750 people in
the UK, Paris, Spain, the Netherlands, and Belgium.

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOASEIFWWEDSELU