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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Safestay Plc | LSE:SSTY | London | Ordinary Share | GB00BKT0J702 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 21.00 | 20.00 | 22.00 | 21.50 | 21.00 | 21.00 | 2,275 | 08:00:18 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Hotels And Motels | 22.49M | -1.32M | -0.0204 | -10.29 | 13.64M |
From Mar 2022 to Mar 2025
TIDMSSTY
RNS Number : 4974I
Safestay PLC
19 April 2022
19 April 2022
Safestay plc
("Safestay", the "Company" or the "Group")
Grant and Cancellation of Options
Safestay (AIM: SSTY), the owner and operator of a brand of contemporary hostels, announces that, following a review of director rewards and incentives, the Remuneration Committee of the Board of Directors ("Directors") has recommended that, given the reduction in the Company's share price, that the existing awards of share options are no longer a reasonable incentive for the Company's management team (the "Management Team") and Directors and should be replaced in order to re-align the option scheme with the current share price. The Board of Directors has approved this recommendation.
On 14 April 2022 the Company granted awards of options over a total of 4,020,121 ordinary shares of one (1) penny each in the Company ("Ordinary Shares") under the Company's existing share option scheme (the "New Options"). The New Options are exercisable at the prices set out below on or after 1 January 2024.
A portion of the New Options, as set out below, have been awarded to replace all existing awards of options previously granted in the same number (the "Old Options") to the current Management Team and Directors, which were cancelled on 14 April 2022. The holders of all of the Old Options have agreed to their termination with immediate effect. Old Options that were previously priced significantly above the current share price have effectively been reissued at the current share price, with Old Options previously priced below the current share price effectively reissued at their previous exercise price.
In addition to the replacement of the Old Options, the New Options also include new share options granted to Paul Hingston, Chief Financial Officer, as part of his employment package following his appointment in February 2022.
Details of the New Options are as follows:
Hot Features
Premium
Date of Grant Director/PDMR Position Number of New Number of New Total number of
Options over Options over Ordinary Shares
Ordinary Shares Ordinary Shares over which
granted granted (new options held
(replacement) grant) following
notification
1,471,221 at 15
14 April 2022 Larry Lipman Chairman pence per share 0 1,583,621
------------------ -------------------- ------------------ ------------------- ------------------
23,900 at 14
pence per share
------------------ -------------------- ------------------ ------------------- ------------------
51,400 at 13
pence per share
------------------
37,100 at 9 pence
per share
------------------ -------------------- ------------------ ------------------- ------------------
100,000 at 15
14 April 2022 Maria Moreno Area Manager pence per share 0 100,000
------------------ -------------------- ------------------ ------------------- ------------------
287,200 at 15
14 April 2022 Mario Di Candido Head of Revenue pence per share 0 365,900
------------------ -------------------- ------------------ ------------------- ------------------
16,700 at 14
pence per share
------------------ -------------------- ------------------ ------------------- ------------------
36,000 at 13
pence per share
------------------
26,000 at 9 pence
per share
------------------ -------------------- ------------------ ------------------- ------------------
Non-Executive 15,500 at 15
14 April 2022 Michael Hirst Director pence per share 0 29,500
------------------ -------------------- ------------------ ------------------- ------------------
3,000 at 14 pence
per share
------------------ -------------------- ------------------ ------------------- ------------------
6,400 at 13 pence
per share
------------------
4,600 at 9 pence
per share
------------------ -------------------- ------------------ ------------------- ------------------
Chief Operating 1,229,500 at 15
14 April 2022 Nuno Sacramento Officer pence per share 0 1,369,800
------------------ -------------------- ------------------ ------------------- ------------------
29,800 at 14
pence per share
------------------ -------------------- ------------------ ------------------- ------------------
64,200 at 13
pence per share
------------------
46,300 at 9 pence
per share
------------------ -------------------- ------------------ ------------------- ------------------
Chief Financial 400,000 at 15
14 April 2022 Paul Hingston Officer 0 pence per share 400,000
------------------ -------------------- ------------------ ------------------- ------------------
Non-Executive 37,500 at 15
14 April 2022 Stephen Moss Director pence per share 0 71,300
------------------ -------------------- ------------------ ------------------- ------------------
7,200 at 14 pence
per share
------------------ -------------------- ------------------ ------------------- ------------------
15,400 at 13
pence per share
------------------
11,200 at 9 pence
per share
------------------ -------------------- ------------------ ------------------- ------------------
100,000 at 15
14 April 2022 Yogesh Ram Head of Marketing pence per share 0 100,000
------------------ -------------------- ------------------ ------------------- ------------------
Following the grant of the New Options, the total number of options outstanding over unissued Ordinary Shares is 4,9 37,389 representing approximately 8% of the Company's issued share capital.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
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 Larry Lipman
---------------------------------------- ---------------------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------------------
Chairman
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 Share options over 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)
n/a 1,583,621
---------------
---------------------------------------- ---------------------------------------------------------
d) Aggregated information N/A single transaction
- Aggregated volume - Price
---------------------------------------- ---------------------------------------------------------
e) Date of the transaction 14 April 2022
---------------------------------------- ---------------------------------------------------------
f) Place of the transaction Outside a trading venue
---------------------------------------- ---------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Maria Moreno
---------------------------------------- ---------------------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------------------
a) Position/status Area Manager
---------------------------------------- ---------------------------------------------------------
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 Share options over 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)
n/a 100,000
-------------
---------------------------------------- ---------------------------------------------------------
d) Aggregated information N/A single transaction
- Aggregated volume - Price
---------------------------------------- ---------------------------------------------------------
e) Date of the transaction 14 April 2022
---------------------------------------- ---------------------------------------------------------
f) Place of the transaction Outside a trading venue
---------------------------------------- ---------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Mario Di Candido
---------------------------------------- ---------------------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------------------
Head of Revenue
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 Share options over 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)
n/a 365,900
-------------
---------------------------------------- ---------------------------------------------------------
d) Aggregated information N/A single transaction
- Aggregated volume - Price
---------------------------------------- ---------------------------------------------------------
e) Date of the transaction 14 April 2022
---------------------------------------- ---------------------------------------------------------
f) Place of the transaction Outside a trading venue
---------------------------------------- ---------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Michael Hirst
---------------------------------------- ---------------------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------------------
Non-Executive Director
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 Share options over 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)
n/a 29,500
------------
---------------------------------------- ---------------------------------------------------------
d) Aggregated information N/A single transaction
- Aggregated volume - Price
---------------------------------------- ---------------------------------------------------------
e) Date of the transaction 14 April 2022
---------------------------------------- ---------------------------------------------------------
f) Place of the transaction Outside a trading venue
---------------------------------------- ---------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Nuno Sacramento
---------------------------------------- ---------------------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------------------
Chief Operating 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 Share options over 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)
n/a 1,369,800
---------------
---------------------------------------- ---------------------------------------------------------
d) Aggregated information N/A single transaction
- Aggregated volume - Price
---------------------------------------- ---------------------------------------------------------
e) Date of the transaction 14 April 2022
---------------------------------------- ---------------------------------------------------------
f) Place of the transaction Outside a trading venue
---------------------------------------- ---------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Paul Hingston
---------------------------------------- ---------------------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------------------
a) Position/status 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 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 Share options over 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)
n/a 400,000
-------------
---------------------------------------- ---------------------------------------------------------
d) Aggregated information N/A single transaction
- Aggregated volume - Price
---------------------------------------- ---------------------------------------------------------
e) Date of the transaction 14 April 2022
---------------------------------------- ---------------------------------------------------------
f) Place of the transaction Outside a trading venue
---------------------------------------- ---------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Stephen Moss
---------------------------------------- ---------------------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------------------
a) Position/status Non-executive Director
---------------------------------------- ---------------------------------------------------------
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 Share options over 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)
n/a 71,300
------------
---------------------------------------- ---------------------------------------------------------
d) Aggregated information N/A single transaction
- Aggregated volume - Price
---------------------------------------- ---------------------------------------------------------
e) Date of the transaction 14 April 2022
---------------------------------------- ---------------------------------------------------------
f) Place of the transaction Outside a trading venue
---------------------------------------- ---------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Yogesh Ram
---------------------------------------- ---------------------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------------------
a) Position/status Head of Marketing
---------------------------------------- ---------------------------------------------------------
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 Share options over 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)
n/a 100,000
-------------
---------------------------------------- ---------------------------------------------------------
d) Aggregated information N/A single transaction
- Aggregated volume - Price
---------------------------------------- ---------------------------------------------------------
e) Date of the transaction 14 April 2022
---------------------------------------- ---------------------------------------------------------
f) Place of the transaction Outside a trading venue
---------------------------------------- ---------------------------------------------------------
Enquiries:
Safestay plc +44 (0) 20 8815 1600
Larry Lipman
Liberum Capital Limited
(Nominated Adviser and Broker) +44 (0) 20 3100 2000 Andrew Godber/Edward Thomas/Miquela Bezuidenhoudt
Novella
Tim Robertson +44 (0) 20 3151 7008
Fergus Young
For more information visit our:
Website www.safestay.com
Vox Markets page https://www.voxmarkets.co.uk/company/SSTY/news/
Instagram page www.instagram.com/safestayhostel
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END
DSHGPUWGCUPPUBR
(END) Dow Jones Newswires
April 19, 2022 02:02 ET (06:02 GMT)
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