REG - Safestore Hldgs plc - Result of General Meeting

Safestore HoldingsAnnouncement

12/07/2023 17:45

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RNS Number : 8488F  Safestore Holdings plc  12 July 2023

 

 

 12 July 2023

 

Safestore Holdings plc

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

 

Result of General Meeting

 

 

 

A General Meeting of Safestore Holdings plc was held at 3.00pm today at the
Company's registered office in Borehamwood, Hertfordshire.

 

All resolutions were passed by the requisite majority by way of a poll.

 

The following votes were cast in respect of the resolutions:

 

    Resolution                                                                      Votes For                  %       Votes Against                      %          Total Votes (excluding withheld)  % of Issued Share Capital Voted  Votes Withheld
 1  To approve the Directors' Remuneration Policy                                   178,517,273                97.40%  4,769,130                          2.60%                                        84.07%

                                                                                                                                                                     183,286,403

                                                                                                                                                                                                                                        2,815,021
 2  To approve an amendment to the rules of the Safestore 2020 Long Term Incentive  182,078,063                98.90%  2,026,864                          1.10%                                        84.44%
    Plan

                                                                                                                                                                                                                                        1,996,497

                                                                                                                                                                     184,104,927

 

Resolutions 1 and 2 were ordinary resolutions, requiring more than 50 per cent
of shareholders' votes to be cast in favour of the resolutions.

 

Where shareholders appointed the Chairman of the meeting as their proxy with
discretion as to voting, their votes were cast in favour of the resolutions
and their shares have been included in the "votes for" column.

 

A "vote withheld" is not a vote in law and is not counted in the calculation
of the percentages of votes cast for and against a resolution.

 

 

Commenting on the result of the General Meeting David Hearn, Chairman of
Safestore said:

 

"The Board takes the issue of the Company's Remuneration Policy and
specifically executive remuneration very seriously. As a result, we conducted
an extensive consultation programme with most of our major shareholders  and
Investor Bodies in advance of finalising these resolutions, and I would like
to thank them for their engagement and constructive feedback throughout the
process.

 

I am therefore delighted to be able to report that with almost 85% of all
shares being voted, the two resolutions received overwhelming support with
over 97.4% and 98.9% votes in favour respectively."

 

The current issued capital of Safestore Holdings plc is 218,006,528 ordinary
shares.

 

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 185
stores on 30 April 2023, comprising 132 wholly owned stores in
the UK (including 73 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, 8 stores in Spain, 10 stores in the Netherlands and 6
stores in Belgium.

 

·      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 at 30 April 2023, Safestore had a maximum lettable area
("MLA") of 7.990 million sq ft (excluding the expansion pipeline stores) of
which 6.124 million sq ft was occupied.

 

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

 

 

 

 

 

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