03 November 2020
Safestay plc
("Safestay", the "Company" or the "Group")
Grant of Options
Safestay (AIM: SSTY), the owner and operator of a brand of contemporary hostels, announces that on 31 October 2020 it granted awards of options over a total of 206,800 ordinary shares of 1 pence each in the Company ("Ordinary Shares") under the Company's existing share option scheme (the "Options") to seven Directors or persons discharging managerial responsibilities ("PDMR").
The Options are exercisable at a price of 9 pence after a period of one year from the date of grant and were awarded in lieu of a 40% reduction of salary in the month of October, as previously announced on 13 October 2020.
The grants were as follows:
Date of grant | Director/PDMR | Position | Number of | Total number of | |
options over | Ordinary Shares over | ||||
Ordinary | which options held | ||||
Shares granted | following notification | ||||
31 October 2020 | Yogesh Ram | Head of Marketing | 20,400 | 120,400 | |
31 October 2020 | Nuno Sacramento | Chief Operating Officer | 46,300 | 1,146,300 | |
31 October 2020 | Hervé Deligny | Chief Financial Officer | 61,200 | 861,200 | |
31 October 2020 | Larry Lipman | Chairman | 37,100 | 1,383,621 | |
31 October 2020 | Stephen Moss | Non-Executive Director | 11,200 | 11,200 | |
31 October 2020 | Michael Hirst | Non-Executive Director | 4,600 | 4,600 | |
31 October 2020 | Mario Di Candido | Head of Revenue | 26,000 | 226,000 | |
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 | Yogesh Ram |
2 | Reason for the notification |
a) | Head of Marketing |
Position/status |
b) | Initial notification/Amendment | Initial notification |
- Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) | Name | Safestay plc | |||
b) | LEI | 213800H1MT2FZDI3HK90 | |||
- 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 £0.01p 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 | 20,400 | ||||||
d) | Aggregated information | N/A single transaction | |||||
- Aggregated volume
- Price
e) | Date of the transaction | 31 October 2020 |
f) | Place of the transaction | Outside a trading venue |
1Details of the person discharging managerial responsibilities/person closely associated
a) | Name | Nuno Sacramento |
2 | Reason for the notification |
a) | Chief Operating Officer |
Position/status |
b) | Initial notification/Amendment | Initial notification |
- Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) | Name | Safestay plc |
b) | LEI | 213800H1MT2FZDI3HK90 |
- 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 £0.01p 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 | 46,300 | ||||||
d) | Aggregated information | N/A single transaction | |||||
- Aggregated volume
- Price
e) | Date of the transaction | 31 October 2020 |
f) | Place of the transaction | Outside a trading venue |
1 Details of the person discharging managerial responsibilities/person closely associated
a) | Name | Hervé Deligny |
2 | Reason for the notification | |
a) | Position/status | Chief Financial Officer |
b) | Initial notification/Amendment | Initial notification |
- Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) | Name | Safestay plc |
b) | LEI | 213800H1MT2FZDI3HK90 |
- 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 £0.01p 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 | 61,200 | ||||||
d) | Aggregated information | N/A single transaction | |||||
- Aggregated volume
- Price
e) | Date of the transaction | 31 October 2020 |
f) | Place of the transaction | Outside a trading venue |
1 Details of the person discharging managerial responsibilities/person closely associated
a) | Name | Larry Lipman |
2Reason for the notification
a)Position/status
Chairman
b) | Initial notification/Amendment | Initial notification |
- Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) | Name | Safestay plc |
b) | LEI | 213800H1MT2FZDI3HK90 |
- 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 £0.01p 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 | 37,100 | ||||||
d) | Aggregated information | N/A single transaction | |||||
- Aggregated volume
- Price
e) | Date of the transaction | 31 October 2020 |
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) | Non Executive Director |
Position/status |
b) | Initial notification/Amendment | Initial notification |
- Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) | Name | Safestay plc |
b) | LEI | 213800H1MT2FZDI3HK90 |
- 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 £0.01p par value |
Identification code | GB00BKT0J702 | |
b) | Nature of the transaction | Grant of options |
This is an excerpt of the original content. To continue reading it, access the original document here.