REG - Safestore Hldgs plc - Directorate Change

Safestore HoldingsAnnouncement

16/03/2022 18:00

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RNS Number : 0502F  Safestore Holdings plc  16 March 2022

 

16 March 2022

 

Safestore Holdings plc

("Safestore" or the "Company")

 

Directorate Change

 

 

Safestore Holdings plc announces that, after six years, Claire Balmforth
wishes to step down from the Board as a Non-Executive Director during the
course of the first half of this year.

 

Claire has agreed to remain on the Board until a suitable replacement has been
found and a further announcement will be made at an appropriate time.

 

David Hearn, Chairman of Safestore, said:

 

"Claire has served on the Safestore board for six years and has chaired the
Remuneration committee for all that time. As both a director and as Chair of
the Remuneration Committee, Claire has served the business outstandingly
throughout the last six years and both personally and on behalf of the Board I
would like to thank her for her contribution and wish her well for the next
phase of her life and career."

 

"I am delighted to say that Claire has agreed to remain on the Board until a
suitable replacement has been found and a further announcement will be made at
an appropriate time."

 

 

 

For further information, please contact:

 Instinctif Partners  020 7457 2020

 Guy Scarborough

 Bryn Woodward

 

Notes to editors:

 ·      Safestore is the UK's largest self-storage group with 162 stores
 at 31 January 2022, comprising 129 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 and 4
 stores in Barcelona. In addition, the Group operates 10 stores in the
 Netherlands and 6 stores in Belgium 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 80,000 personal and business
 customers.
 ·      As at 31 January 2022, Safestore had a maximum lettable area
 ("MLA") of 7.067 million sq ft (excluding the expansion pipeline stores, and
 the Carlyle Joint Venture) of which 5.708 million sq ft was occupied.
 ·      Safestore employs around 700 people in the UK, Paris and
 Barcelona.

 

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