Safestay PLC Director/PDMR Shareholding (5583Y)

TIDMSSTY

RNS Number : 5583Y

Safestay PLC

09 May 2019

09 May 2019

Safestay plc

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

Grant of Options

Safestay (AIM: SSTY), the owner and operator of a new brand of contemporary hostels, announces that on 29 April 2019 it has granted awards of nil cost options over a total of 500,000 Ordinary Shares of 1 pence each under the Company's existing share option scheme (the "Options").

The Options granted on 29 April 2019 are exercisable at 34 pence per share after a period of three years from the date of grant, and can only be exercised if the share price is above 50 pence per share.

The grants were as follows:

 
 Date of grant    PDMR                  Position         Number of         Total number 
                                                          options over      of Ordinary 
                                                          Ordinary          Shares over 
                                                          Shares granted    which options 
                                                                            held following 
                                                                            notification 
 29 April                               Chief Finance 
  2019            Hervé Deligny     Officer             500,000           500,000 
                 --------------------  ---------------  ----------------  ---------------- 
 

The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.

 
 1     Details of the person discharging managerial responsibilities/person closely associated 
 a)    Name                                              Hervé Deligny 
      ------------------------------------------------  --------------------------------------------- 
 2     Reason for the notification 
      ----------------------------------------------------------------------------------------------- 
                                                         Chief Finance Officer 
  a)    Position/status 
      ------------------------------------------------  --------------------------------------------- 
 b)    Initial notification/Amendment                    Initial notification 
      ------------------------------------------------  --------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, auction platform, auctioneer 
        or auction monitor 
      ----------------------------------------------------------------------------------------------- 
 a)    Name                                              Safestay plc 
      ------------------------------------------------  --------------------------------------------- 
 b)    LEI                                               213800H1MT2FZDI3HK90 
      ------------------------------------------------  --------------------------------------------- 
 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           Ordinary shares of GBP0.01p par value 
        Identification code                               GB00BKT0J702 
      ------------------------------------------------  --------------------------------------------- 
 b)    Nature of the transaction                         Grant of options 
      ------------------------------------------------  --------------------------------------------- 
 c)    Price(s) and volume(s)                             Price(s)     Volume(s) 
                                                           Nil Cost 
                                                            Options         500,000 
                                                                      ------------- 
      ------------------------------------------------  --------------------------------------------- 
 d)    Aggregated information                            N/A single transaction 
        - Aggregated volume 
        - Price 
      ------------------------------------------------  --------------------------------------------- 
 e)    Date of the transaction                           29 April 2019 
      ------------------------------------------------  --------------------------------------------- 
 f)    Place of the transaction                          Outside a trading venue 
      ------------------------------------------------  --------------------------------------------- 
 

Enquiries:

 
 Safestay plc                       [phone] 
 Larry Lipman 
 Nuno Sacramento 
  Hervé Deligny 
 Canaccord Genuity Limited 
  (Nominated Adviser and Broker)    [phone] 
 Chris Connors 
 Martin Davison 
 Jack Haynes 
 Novella                            [phone] 
 Tim Robertson 
 Toby Andrews 
 

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 [e-mail] or visit www.rns.com.

END

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May 09, 2019 10:15 ET (14:15 GMT)