Business
Directorate Change
Directorate Change.
About this update from Safestay Plc
[{"type":"text","content":"\n\n26 June 2025\nThis announcement contains certain inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.\n\nSafestay PLC\n(\"Safestay\", the \"Company\" or the \"Group\")\nDirectorate Changes\n \nSafestay (AIM: SSTY), one of Europe's largest hostel groups, announces the appointment of Mr Carlos Salas Dual as Chief Financial Officer with effect from 30 June 2025. Simultaneously with Carlos Salas Dual's appointment, Paul Hingston has resigned as the Company's Chief Financial Officer.\n \nMr Salas Dual, who is a Chartered Certified Accountant, has extensive experience in senior financial management roles across a range of sectors, most recently acting as Group Financial Controller for Gibraltar-based MH Bland Group of Companies. He has also held senior financial controller positions at Gibraltar-based Fairhomes Real Estate Group, cosmetics producer KF Beauty, and international pharmaceutical and biotechnology company GSK plc.\n \nMr Salas Dual who is 47 years old does not hold any current or past directorships and holds no ordinary shares or options in the Company. He has confirmed that there is no other information that is required to be disclosed pursuant to Schedule 2 paragraph (g) or Rule 17 of the AIM Rules for Companies.\n \nLarry Lipman, Chairman of Safestay, said:\n \n\"On behalf of the Board, I would like to thank Paul for his contribution over the last 3 years and wish him the very best for the future. I would also like to welcome Carlos. I am confident that his extensive experience will be invaluable as we continue to explore the expansion of our portfolio of premium hostels and, where appropriate, seek to crystallise value for shareholders.\"\n \nENDS\nEnquiries\n\n\n\n\nSafestay PLC\nLarry Lipman\n\n\nTel: +44 (0) 20 8815 1600\n \n\n\n\n\nShore Capital (Nomad & Broker)\nTom Griffiths/Harry Davies-Ball\n \n\n\nTel: +44 (0) 20 7408 4090\n\n\n\n\nHudson Sandler (Financial PR)\nAlex Brennan/India Laidlaw\n \n\n\nTel: +44 (0) 20 7796 4133\[email protected]\n\n\n\n\n \nFor more information visit our:\nWebsite www.safestay.com\nVox ...