REG - Safestore Hldgs plc - Director/PDMR Shareholding

Safestore HoldingsAnnouncement

14/07/2023 08:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230714:nRSN0525Ga&default-theme=true

RNS Number : 0525G  Safestore Holdings plc  14 July 2023

14 July 2023

 

Safestore Holdings plc (the "Company")

 

Grant of Awards under the Safestore 2020 Long Term Incentive Plan

 

Notification of Transactions by Persons Discharging Managerial Responsibility
("PDMRs")

 

The Company announces that awards have been granted under the Safestore 2020
Long Term Incentive Plan ("2020 LTIP"), approved by shareholders at its Annual
General Meeting held on 18 March 2020 and as amended at the General Meeting on
12 July 2023.

 

The Company has been notified of the following transactions in the Company's
Ordinary Shares of 1p each undertaken by directors / persons discharging
managerial responsibility ("PDMRs") on 12 July 2023 in accordance with the
rules of the 2020 LTIP (as amended).

 

 Name                Status                   Number of Ordinary Shares under LTIP  Award   Option Price

 Frederic Vecchioli  Chief Executive Officer  278,771                                       £Nil

 Andy Jones          Chief Financial Officer  142,347                                       £Nil

 

No consideration was paid for the grant of the LTIP Awards which are
structured as nil cost options. The number of Ordinary Shares granted under
each LTIP Award has been calculated using an Ordinary Share price of 837.5
pence per share, being the closing share price on the dealing day immediately
before the date of grant.

 

The normal vesting date of the LTIP Awards will be 12 July 2026, being the
third anniversary of the award date. Once vested, the LTIP Award will normally
be exercisable until the day before the tenth anniversary of the award date.
The LTIP Awards are subject to a two-year holding period commencing on
vesting.

 

The LTIP Awards incorporate a base award, a relative TSR multiplier, and an
absolute and relative TSR performance modifier. The number of Ordinary Shares
under the LTIP Award will normally vest after 3 years based on the
satisfaction of performance conditions which are measured over a 3 year
period.  The base award is subject to the satisfaction of the following
performance targets:

 

i.          65% (sixty-five per cent) based on the Company's adjusted
diluted EPRA EPS growth;

ii.       25% (twenty-five per cent) based on strategic/operational
measures (growth in Maximum Lettable Area ("MLA")); and

iii.         10% (ten per cent) based on the Company's performance
against ESG targets.

 

The relevant notifications set out below are provided in accordance with the
requirements of Article 19 of the UK version of the EU Market Abuse Regulation
which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons close associated with them.

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Frederic Vecchioli
 2    Reason for the notification

 a)   Position/status                                              PDMR, Chief Executive Officer
 b)   Initial notification /Amendment                              Initial notification
 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Safestore Holdings plc
 b)   LEI                                                          213800WGA3YSJC1YOH73
 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, type of instrument  Ordinary shares of 1p each

      Identification code                                          GB00B1N7Z094

 b)   Nature of the transaction                                    Grant of nil cost option under the Safestore 2020 Long Term Incentive Plan

 c)   Price(s) and volume(s)

                                                                                        Price(s)             Volume(s)
                                                                                        Nil                  278,771

 d)   Aggregated information

      - Aggregated volume                                          278,771

      - Price                                                      Nil

 e)   Date of the transaction                                      12 July 2023
 f)   Place of the transaction                                     Outside a trading venue

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Andy Jones
 2    Reason for the notification

 a)   Position/status                                              PDMR, Chief Financial Officer
 b)   Initial notification /Amendment                              Initial notification
 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Safestore Holdings plc
 b)   LEI                                                          213800WGA3YSJC1YOH73
 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, type of instrument  Ordinary shares of 1p each

      Identification code                                          GB00B1N7Z094

 b)   Nature of the transaction                                    Grant of nil cost option under the Safestore 2020 Long Term Incentive Plan

 c)   Price(s) and volume(s)

                                                                                        Price(s)             Volume(s)
                                                                                        Nil                  142,347

 d)   Aggregated information

      - Aggregated volume                                          142,347

      - Price                                                      Nil

 e)   Date of the transaction                                      12 July 2023
 f)   Place of the transaction                                     Outside a trading venue

 

 

Enquiries:

 

Instinctif Partners:  020 7457 2020

 

Guy Scarborough

Bryn Woodward

 

 

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  DSHQZLBFXDLZBBL