Business
Appointment
Appointment.
About this update from Safestore Holdings Plc
[{"type":"text","content":"\n Safestore Holdings plc\n01 May 2008\n\n\nFOR IMMEDIATE RELEASE 1 MAY 2008\n\n\n Safestore Holdings plc\n ('Safestore' or the 'Company')\n\n Appointment of Company Secretary\n\n\nSafestore Holdings plc, the largest self storage retailer in the UK and Paris\nand No. 2 in Europe, is pleased to announce that Sam Ahmed has been appointed\nCompany Secretary with immediate effect.\n\nSam, who qualified as a chartered accountant in 1986, joined Safestore in 2004\nafter serving as head of Corporate Compliance for Mentmore plc for eight years.\nHe was appointed Director of Finance for Safestore's UK operations in June 2006.\n\nSteve Williams, Chief Executive Officer of Safestore, said:\n\n'We are delighted to appoint Sam as Company Secretary. His extensive knowledge\nof the Company along with his background in compliance related issues makes him\nideal for the position.'\n\nThe position of Company Secretary was previously combined with Richard Hodsden's\nrole as Chief Financial Officer.\n\n Ends\n\n\n\nFor further information, please contact:\n\nSafestore Holdings plc T: 020 8732 1500\nSteve Williams, Chief Executive\nRichard Hodsden, Chief Financial Officer\n\nCardew Group T: 020 7930 0777\nNadja Vetter / Sofia Rehman / David Roach\n\n\nNotes to editors:\n\n• Safestore is the largest self storage provider in the UK and the central \n Paris region and the second largest in the EU, in terms of number of \n stores, providing individual, secure self storage space and related \n services. Over the past four years, the number of stores increased from \n 24 to 104 - 84 of which operate under the 'Safestore' brand in the UK and \n 20 of which operate under the 'Une Piece en Plus' brand in France\n\n• The UK is the largest and most established self storage market in Europe. \n The UK and French markets show lower penetration rates than the US or\n Australia and, according to the UK Self Storage Association the UK market \n is expected to grow with a CAGR of 10 to 15 per cent.\n\n• This growth is supported by a number of market trends including: increased \n workforce mobility, social factors such as high divorce rates and an ageing \n population, housing stock pressure in the UK and lifestyle trends such as\n the growth in the home improvement market.\n\n• The Group's business model is supported by a substantial asset base, strong \n c...