5 December 2022
Safestore Holdings plc (the "Company")
Exercise of Awards under the Safestore 2017 Long Term Incentive Plan
Notification of Transactions by Persons Discharging Managerial Responsibility ("PDMRs")
The Company announces that on 2 December 2022 nil cost options (the "Options") granted over in aggregate 3,497,843 shares, under the Safestore 2017 Long Term Incentive Plan ("2017 LTIP"), approved by shareholders at its general meeting held on 25 July 2017, were exercised by Frederic Vecchioli and Andy Jones (the "PDMRs"). The Options were satisfied by the Company's employee benefit trust using newly issued shares.
The Company further announces that on 2 December 2022, in aggregate 1,658,239 shares were sold by the PDMRs to settle their withholding tax and National Insurance contributions liabilities and dealing costs arising in connection with the exercise, as further detailed below.
Frederic Vecchioli has instructed that his remaining 1,058,115 ordinary shares be transferred into a nominee account held jointly with his wife, a person closely associated with him, for nil consideration.
Andy Jones transferred his remaining 781,489 ordinary shares into his nominee account and has instructed 180,000 ordinary shares to be transferred into a nominee account held by his wife, a person closely associated with him, for nil consideration.
Following the sale of shares, as notified below, Frederic Vecchioli (including those held jointly with his wife) and Andy Jones (including those held by his wife) retained the balance of their shares with their aggregate holdings being 3,151,581 shares (representing 1.45% of the Company's issued share capital) and 1,243,960 (representing 0.57% of the Company's issued share capital) respectively.
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.
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
FREDERIC VECCHIOLI |
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2 |
Reason for the notification |
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a) |
Position/status |
PDMR, CHIEF EXECUTIVE OFFICER |
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b) |
Initial notification /Amendment |
INITIAL NOTIFICATION |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
SAFESTORE HOLDINGS PLC |
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b) |
LEI |
213800WGA3YSJC1YOH73 |
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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 |
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|
a) |
Description of the financial instrument, type of instrument Identification code |
ORDINARY SHARES OF 1P EACH
GB00B1N7Z094 |
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|
b) |
Nature of the transaction |
Acquisition of ordinary shares upon the exercise of nil-cost awards granted under the 2017 Long Term Incentive Plan. |
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c) |
Price(s) and volume(s) |
Price(s) £Nil |
Volume(s) 2,000,000 |
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d) |
Aggregated information - Aggregated volume - Price |
2,000,000 £Nil |
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e) |
Date of the transaction |
2 December 2022 |
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f) |
Place of the transaction |
Outside a trading venue |
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
FREDERIC VECCHIOLI |
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2 |
Reason for the notification |
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a) |
Position/status |
PDMR, CHIEF EXECUTIVE OFFICER |
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b) |
Initial notification /Amendment |
INITIAL NOTIFICATION |
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|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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|
a) |
Name |
SAFESTORE HOLDINGS PLC |
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b) |
LEI |
213800WGA3YSJC1YOH73 |
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|
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 Identification code |
ORDINARY SHARES OF 1P EACH
GB00B1N7Z094 |
|
|
b) |
Nature of the transaction |
Sale of ordinary shares to settle withholding tax and National Insurance contributions liabilities and dealing costs arising in connection with the exercise. |
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c) |
Price(s) and volume(s) |
Price(s) £9.264059 |
Volume(s) 941,885 |
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d) |
Aggregated information - Aggregated volume - Price |
941,885 £9.264059 |
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e) |
Date of the transaction |
2 December 2022 |
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f) |
Place of the transaction |
LONDON STOCK EXCHANGE (XLON) |
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Laetitia VECCHIOLI |
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2 |
Reason for the notification |
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a) |
Position/status |
PCA OF CHIEF EXECUTIVE OFFICER |
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b) |
Initial notification /Amendment |
INITIAL NOTIFICATION |
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|
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 Identification code |
ORDINARY SHARES OF 1P EACH
GB00B1N7Z094 |
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b) |
Nature of the transaction |
Transfer of shares from Frederic Vecchioli's sole name to an account held in Frederic and Laetitia Vecchioli's joint names |
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c) |
Price(s) and volume(s) |
Price(s) £Nil |
Volume(s) 1,058,115 |
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d) |
Aggregated information - Aggregated volume - Price |
1,058,115 £Nil |
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e) |
Date of the transaction |
2 December 2022 |
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f) |
Place of the transaction |
OUTSIDE A TRADING VENUE |
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
ANDY JONES |
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|
2 |
Reason for the notification |
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|
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 Identification code |
ORDINARY SHARES OF 1P EACH
GB00B1N7Z094 |
|
|
b) |
Nature of the transaction |
Acquisition of ordinary shares upon the exercise of nil-cost awards granted under the 2017 Long Term Incentive Plan. |
|
|
c) |
Price(s) and volume(s) |
Price(s) £Nil |
Volume(s) 1,497,843 |
|
d) |
Aggregated information - Aggregated volume - Price |
1,497,843 £Nil |
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|
e) |
Date of the transaction |
2 December 2022 |
|
|
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 Identification code |
ORDINARY SHARES OF 1P EACH
GB00B1N7Z094 |
|
|
b) |
Nature of the transaction |
Sale of ordinary shares to settle withholding tax and National Insurance contributions liabilities and dealing costs arising in connection with the exercise. |
|
|
c) |
Price(s) and volume(s) |
Price(s) £9.264059 |
Volume(s) 716,354 |
|
d) |
Aggregated information - Aggregated volume - Price |
716,354 £9.264059 |
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|
e) |
Date of the transaction |
2 December 2022 |
|
|
f) |
Place of the transaction |
LONDON STOCK EXCHANGE (XLON) |
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|
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 Identification code |
ORDINARY SHARES OF 1P EACH
GB00B1N7Z094 |
|
|
b) |
Nature of the transaction |
Transfer of 180,000 shares to a nominee account held by his wife for nil consideration. |
|
|
c) |
Price(s) and volume(s) |
Price(s) £Nil |
Volume(s) 180,000 |
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d) |
Aggregated information - Aggregated volume - Price |
180,000 £Nil |
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|
e) |
Date of the transaction |
2 December 2022 |
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f) |
Place of the transaction |
Outside a trading venue |
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|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
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|
a) |
Name |
SARAH JONES |
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|
2 |
Reason for the notification |
||
|
a) |
Position/status |
PCA OF 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 Identification code |
ORDINARY SHARES OF 1P EACH
GB00B1N7Z094 |
|
|
b) |
Nature of the transaction |
Receipt of 180,000 shares to a nominee account following transfer from spouse for nil consideration. |
|
|
c) |
Price(s) and volume(s) |
Price(s) £Nil |
Volume(s) 180,000 |
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d) |
Aggregated information - Aggregated volume - Price |
180,000 £Nil |
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|
e) |
Date of the transaction |
2 December 2022 |
|
|
f) |
Place of the transaction |
Outside a trading venue |
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