Safestay PLC Directorate Change (6076S)

TIDMSSTY

RNS Number : 6076S

Safestay PLC

04 October 2017

04 October 2017

Safestay plc

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

Directorate Change

Safestay (AIM:SSSTY), the owner and operator of a new brand of contemporary hostel, announces the appointment of Sharon Segal, who will join the Board of the Company as Finance Director with effect from Monday 9 October 2017. Sharon will also be appointed as Company Secretary. Sharon has a wealth of commercial experience within European hospitality and a strong background in investment management.

Sharon is joining the Company from The One Group, where she was Director of Finance for the Nasdaq listed high-end global hospitality company that develops, manages and operates a portfolio of restaurants & turnkey Food and Beverage programs for hotels. Sharon was a founding member of, and previously Corporate Director at, The One Group. Before that she was Investment Director at BDO Investment Management/Fitzwilliam Asset Management where she was head of long only investments and lead manager of the Fitzwilliam balanced growth fund.

As previously announced, Mark Beveridge will be stepping down from the position of Finance Director and Company Secretary, now effective from the earlier date of 09 October 2017.

Commenting on her appointment, Group Chairman Larry Lipman said "I am delighted that Sharon will be joining the business as Finance Director. I believe that her knowledge of the industry as well as her strong international commercial experience will be of great benefit to the Company as we look forward to further developing the Group's pan European portfolio of contemporary hostels".

Sharon Natalie Segal (aged 47) holds or has held directorships and partnerships in the five years preceding her appointment at the Company as follows:

 
 Current directorships        Previous Directorships 
---------------------------  --------------------------- 
 Homelender Finance Limited   Segals Investments Limited 
---------------------------  --------------------------- 
 Kingsgate Central Services   CA Aldwych Limited 
---------------------------  --------------------------- 
 Kingsgate Consultancy        T.O.G. (Aldwych) Limited 
  Limited 
---------------------------  --------------------------- 
 Bonnick Court Limited        HIP Hospitality Limited 
---------------------------  --------------------------- 
 Steeple Court Stroud         T.O.G. (UK) Limited 
  Limited 
---------------------------  --------------------------- 
 Steeple Court Cromer         STK Rebel (Edinburgh) 
  Limited                      Limited 
---------------------------  --------------------------- 
 Steeple Court Ilkeston       The Juice Brewery Limited 
  Limited 
---------------------------  --------------------------- 
 Steeple Court Hucknall       Soft Brew Licensing Ltd 
  Limited 
---------------------------  --------------------------- 
                              T.O.G. (Milan) s.r.l 
---------------------------  --------------------------- 
 

Note 1: STK Rebel (Edinburgh) Limited was placed into voluntary liquidation in March 2017.

Sharon does not have any shareholdings in Safestay plc.

Save as disclosed above there are no additional disclosures to be made in accordance with Schedule Two paragraph (g) of the AIM rules.

Enquiries

 
                                  [phone] 
Safestay plc                       1600 
Larry Lipman 
 
Canaccord Genuity Limited         [phone] 
 (Nominated Adviser and Broker)    8000 
Bruce Garrow 
Chris Connors 
 
                                  [phone] 
Novella                            7008 
Tim Robertson 
Toby Andrews 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

BOAMJBATMBAMBMR

(END) Dow Jones Newswires

October 04, 2017 02:00 ET (06:00 GMT)