Safestore Holdings plc Director/PDMR Shareholding (3695N)
January 29 2021 - 6:00AM
UK Regulatory
TIDMSAFE
RNS Number : 3695N
Safestore Holdings plc
29 January 2021
29 January 2021
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.
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 28
January 2021 in accordance with the rules of the 2020 LTIP.
Name Status Number of Ordinary Option Price
Shares under LTIP
Award
Frederic Vecchioli Chief Executive 101,465 GBPNil
Officer
---------------- ------------------- -------------
Andy Jones Chief Financial 72,294 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 828.5 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 28 January
2024, 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 will normally vest after 3 years based on the
satisfaction of the following performance conditions which are each
measured over a 3 year period:
i. Two-thirds based on adjusted diluted EPRA EPS growth: 5% p.a.
growth (threshold); 8% p.a. growth (maximum).
ii. One-sixth based on relative TSR against the FTSE 250
excluding Investment Trusts: Median performance (threshold); Upper
quartile performance (maximum); and
iii. One-sixth based on relative TSR against the FTSE 350 Super
Sector Real Estate: Median performance (threshold); Upper quartile
performance (maximum).
25% of the relevant element of the LTIP Award will vest for
threshold performance, with straight line vesting in between to
full vesting for the achievement of maximum performance.
In addition, no award will vest unless a minimum level of Cash
on Cash Return ("CoCR") of 8% p.a. has been met.
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.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Frederic Vecchioli
------------------------------------- ------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status PDMR, Chief Executive Officer
------------------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
a) Name Safestore Holdings plc
------------------------------------- ------------------------------------------
b) LEI 213800WGA3YSJC1YOH73
------------------------------------- ------------------------------------------
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 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 101,465
-------------------------------------------------------------- ------------------
d) Aggregated information
- Aggregated volume 101,465
- Price Nil
e) Date of the transaction 28 January 2021
------------------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------- ------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Andy Jones
------------------------------------- ------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status PDMR, Chief Financial Officer
------------------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
a) Name Safestore Holdings plc
------------------------------------- ------------------------------------------
b) LEI 213800WGA3YSJC1YOH73
------------------------------------- ------------------------------------------
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 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 72,294
-------------------------------------------------------------- ------------------
d) Aggregated information
- Aggregated volume 72,294
- Price Nil
e) Date of the transaction 28 January 2021
------------------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------- ------------------------------------------
Enquiries:
Instinctif Partners: 020 7457 2020
Guy Scarborough
Catherine Wickman
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