Safestore Holdings plc Director/PDMR Shareholding (0525G)
14 July 2023 - 5:00PM
UK Regulatory
TIDMSAFE
RNS Number : 0525G
Safestore Holdings plc
14 July 2023
14 July 2023
Safestore Holdings plc (the "Company")
Grant of Awards under the Safestore 2020 Long Term Incentive
Plan
Notification of Transactions by Persons Discharging Managerial
Responsibility ("PDMRs")
The Company announces that awards have been granted under the
Safestore 2020 Long Term Incentive Plan ("2020 LTIP"), approved by
shareholders at its Annual General Meeting held on 18 March 2020
and as amended at the General Meeting on 12 July 2023.
The Company has been notified of the following transactions in
the Company's Ordinary Shares of 1p each undertaken by directors /
persons discharging managerial responsibility ("PDMRs") on 12 July
2023 in accordance with the rules of the 2020 LTIP (as
amended).
Name Status Number of Ordinary Option Price
Shares under LTIP
Award
Frederic Vecchioli Chief Executive 278,771 GBPNil
Officer
---------------- ------------------- -------------
Andy Jones Chief Financial 142,347 GBPNil
Officer
---------------- ------------------- -------------
No consideration was paid for the grant of the LTIP Awards which
are structured as nil cost options. The number of Ordinary Shares
granted under each LTIP Award has been calculated using an Ordinary
Share price of 837.5 pence per share, being the closing share price
on the dealing day immediately before the date of grant.
The normal vesting date of the LTIP Awards will be 12 J uly
2026, being the third anniversary of the award date. Once vested,
the LTIP Award will normally be exercisable until the day before
the tenth anniversary of the award date. The LTIP Awards are
subject to a two-year holding period commencing on vesting.
The LTIP Awards incorporate a base award, a relative TSR
multiplier, and an absolute and relative TSR performance modifier.
The number of Ordinary Shares under the LTIP Award will normally
vest after 3 years based on the satisfaction of performance
conditions which are measured over a 3 year period. The base award
is subject to the satisfaction of the following performance
targets:
i. 65% (sixty-five per cent) based on the Company's adjusted diluted EPRA EPS growth;
ii. 25% ( twenty-five per cent) based on strategic/operational
measures (growth in Maximum Lettable Area ("MLA")); and
iii. 10% (ten per cent) based on the Company's performance against ESG targets.
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.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons close
associated with them.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Frederic Vecchioli
--------------------------------------- ------------------------------------------
Reason for the notification
2
-----------------------------------------------------------------------------------
a) Position/status PDMR, Chief Executive Officer
--------------------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------- ------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name Safestore Holdings plc
--------------------------------------- ------------------------------------------
b) LEI 213800WGA3YSJC1YOH73
--------------------------------------- ------------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary shares of 1p each
financial instrument,
type of instrument
Identification code GB00B1N7Z094
b) Nature of the transaction Grant of nil cost option under the
Safestore 2020 Long Term Incentive
Plan
--------------------------------------- ------------------------------------------
c) Price(s) and volume(s)
------------------- ------------------
Price(s) Volume(s)
------------------- ------------------
Nil 278,771
---------------------------------------------------------------- ------------------
d) Aggregated information
- Aggregated volume 278,771
- Price Nil
e) Date of the transaction 12 July 2023
--------------------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------------- ------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Andy Jones
--------------------------------------- ------------------------------------------
Reason for the notification
2
-----------------------------------------------------------------------------------
a) Position/status PDMR, Chief Financial Officer
--------------------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------- ------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name Safestore Holdings plc
--------------------------------------- ------------------------------------------
b) LEI 213800WGA3YSJC1YOH73
--------------------------------------- ------------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary shares of 1p each
financial instrument,
type of instrument
Identification code GB00B1N7Z094
b) Nature of the transaction Grant of nil cost option under the
Safestore 2020 Long Term Incentive
Plan
--------------------------------------- ------------------------------------------
c) Price(s) and volume(s)
------------------- ------------------
Price(s) Volume(s)
------------------- ------------------
Nil 142,347
---------------------------------------------------------------- ------------------
d) Aggregated information
- Aggregated volume 142,347
- Price Nil
e) Date of the transaction 12 July 2023
--------------------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------------- ------------------------------------------
Enquiries:
Instinctif Partners: 020 7457 2020
Guy Scarborough
Bryn Woodward
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