Safestore Holdings plc Director/PDMR Shareholding (0634M)
July 25 2017 - 10:04AM
UK Regulatory
TIDMSAFE
RNS Number : 0634M
Safestore Holdings plc
25 July 2017
SAFESTORE
25 July 2017
Safestore Holdings plc ("Safestore" or "the Company")
Result of General Meeting
The General Meeting of Safestore Holdings plc was held this
afternoon at the Company's registered office in Borehamwood,
Hertfordshire.
All resolutions proposed to the meeting were duly passed on a
show of hands. The total number of proxy votes lodged for each
resolution in advance of the meeting is set out below.
Resolution Votes % Votes % Votes % of Votes
For Against Total ISC Withheld
Voted
----------- ------------ ------ ----------- ------ ------------ ------- -----------
1 77,550,007 50.83 75,030,203 49.17 152,580,210 72.9 17,087,197
----------- ------------ ------ ----------- ------ ------------ ------- -----------
2 78,340,252 51.28 74,423,110 48.72 152,763,362 73.0 16,904,045
----------- ------------ ------ ----------- ------ ------------ ------- -----------
3 168,491,144 99.46 908,848 0.54 169,399,992 80.9 267,416
----------- ------------ ------ ----------- ------ ------------ ------- -----------
*ISC = Issued Share Capital of the Company
Alan Lewis, Chairman of Safestore, commented:
"We appreciate that our remuneration proposals, which were
designed to break away from more traditional policies have divided
opinion.
Following extensive consultation, we proposed a five-year
Long-Term Incentive Scheme covering a significantly larger group of
individuals at and below board level. Since the March AGM we
undertook a further round of consultation and made material
amendments to the original proposals, including a 20% reduction in
the maximum number of director options available. We have however
remained true to our beliefs and retained the three central
principles of the scheme; below market rates for base pay, payment
for outstanding performance only and a five-year time horizon which
is aligned with our business model and strategy.
As we now move forward with the new policies in place we will
maintain engagement with all stakeholders to allay any concerns and
most importantly work tirelessly to continue to deliver exceptional
value for all of our shareholders."
For further information, please contact:
Instinctif Partners
Mark Reed 020 7457 2020
Notes
The current issued capital of Safestore Holdings plc is
209,306,201 shares.
A "vote withheld" is not a vote in law and is not counted in the
calculation of the percentages of votes cast for and against a
resolution.
Resolution 1 - To approve the Directors' remuneration policy
Resolution 2 - To approve the Company's Long Term Incentive
Plan
Resolution 3 - To approve the Company's Sharesave scheme
This information is provided by RNS
The company news service from the London Stock Exchange
END
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