TIDMSSTY

RNS Number : 5506Y

Safestay PLC

06 December 2017

6 December 2017

Safestay plc

("Safestay", the "Company" or the "Group")

Directorate Change

Safestay (AIM:SSTY), the owner and operator of a new brand of contemporary hostel, announces the appointment of Mr Anson Chan, who will join the Board of the Company as Non-Executive Director with immediate effect. Mr Chan is a Director and Co-Founder of Pyrrho Investments Ltd which owns 21.99% of the Company's issued share capital.

Mr. Anson Chan is a respected Hong Kong businessman who has accumulated a variety of management and investment experiences. Over the years, he has served as an executive director for his family's real estate development and investment business, the Bonds Group of Companies. Before joining his family business, Mr. Chan was an associate director in the proprietary investments group for a Japanese investment bank, Nomura International, from 2000 to 2004, and of AIG Investment Corporation from 1998 to 2000. He was responsible for developing new investment opportunities in private equity in Greater China. In addition, Mr. Chan is a seed investor and responsible officer of an Asia-focused fund, Evenstar Fund. From 2005 to 2008, he also served as a senior advisor to Elliott Associates, a leading U.S. based activist investment fund with assets under management in excess of UK$10 billion.

Commenting on his appointment, Group Chairman Larry Lipman said "We are very pleased to welcome Anson to the Board. He has substantial board level experience and an excellent understanding of our business. 2017 so far has been transformative for Safestay with the hostel portfolio increasing threefold through a series of acquisitions. Anson's appointment is therefore well timed as we look to take advantage of his experience of developing young growing companies and build on this momentum."

Anson Chan (aged 54) holds or has held directorships and partnerships in the five years preceding his appointment at the Company as follows:

 
 Current Directorships               Previous Directorships 
----------------------------------  ----------------------- 
 A.V.C. Property Development 
  Co. Ltd. 
----------------------------------  ----------------------- 
 Achieve Investments Limited 
----------------------------------  ----------------------- 
 Apex Choice Holdings 
  Limited 
----------------------------------  ----------------------- 
 Asia Maker Limited 
----------------------------------  ----------------------- 
 Asia Pacific Wire & Cable 
  Co., 
----------------------------------  ----------------------- 
 B.P.Y.A. 300 Holdings 
  Ltd. 
----------------------------------  ----------------------- 
 Beijing Serviced Apartments 
  (H. K.) Holdings Ltd. 
----------------------------------  ----------------------- 
 Best Epoch Holdings Ltd 
----------------------------------  ----------------------- 
 Best Plan Development 
  Limited 
----------------------------------  ----------------------- 
 Bon Tai Investment Limited 
----------------------------------  ----------------------- 
 Bond Success Development 
  Limited 
----------------------------------  ----------------------- 
 Bondalliance Global Limited 
----------------------------------  ----------------------- 
 Bondly investments Limited 
----------------------------------  ----------------------- 
 Bonds & Sons Holdings 
  Limited 
----------------------------------  ----------------------- 
 Bonds & Sons International 
  Limited 
----------------------------------  ----------------------- 
 Bonds Chan Family Holdings 
  (PIC) Limited 
----------------------------------  ----------------------- 
 Bonds Chan Family Holdings 
  (PTC) Limited 
----------------------------------  ----------------------- 
 Bonds Group Company Limited 
----------------------------------  ----------------------- 
 Bonds International Ltd. 
----------------------------------  ----------------------- 
 Bonds Land Investment 
  Co., Ltd. 
----------------------------------  ----------------------- 
 Bonds Land Investment 
  Company Limited 
----------------------------------  ----------------------- 
 Bondsland Trading Company 
  Limited 
----------------------------------  ----------------------- 
 Bondsrich Investments 
  Singapore Pte. Ltd. 
----------------------------------  ----------------------- 
 Boniand Development Limited 
----------------------------------  ----------------------- 
 Bonland Development Limited 
----------------------------------  ----------------------- 
 Bosan Limited 
----------------------------------  ----------------------- 
 Boson Development Limited 
----------------------------------  ----------------------- 
 Breakthrough Investments 
  Ltd. 
----------------------------------  ----------------------- 
 Broad Capital Investments 
  Ltd 
----------------------------------  ----------------------- 
 Broada International 
  Limited 
----------------------------------  ----------------------- 
 Broads International 
  Limited 
----------------------------------  ----------------------- 
 Chan Shu Kui Memorial 
  School School Management 
  Corn Ltd. 
----------------------------------  ----------------------- 
 Chan's Educational Organisation 
  Limited 
----------------------------------  ----------------------- 
 City Chain Hotel Management 
  Ltd 
----------------------------------  ----------------------- 
 City Rich Corporation 
  Limited 
----------------------------------  ----------------------- 
 Dr. Seaker Chan Education 
  Foundation Limited 
----------------------------------  ----------------------- 
 Eagle Fort Global Limited 
----------------------------------  ----------------------- 
 Empress Associates Ltd. 
----------------------------------  ----------------------- 
 Excel Success Investment 
  Limited 
----------------------------------  ----------------------- 
 Fortborough Inc. 
----------------------------------  ----------------------- 
 Fudan University Education 
  Development Foundation 
----------------------------------  ----------------------- 
 Gallant Victor Holdings 
  Ltd 
----------------------------------  ----------------------- 
 Gallant Victor Pte. Ltd. 
----------------------------------  ----------------------- 
 Global Conqueror Limited 
----------------------------------  ----------------------- 
 Gold Brighter Investment 
  Ltd 
----------------------------------  ----------------------- 
 Gold Standard Real Estate 
  Agency Ltd 
----------------------------------  ----------------------- 
 Golden Code Development 
  Limited 
----------------------------------  ----------------------- 
 Golden Maker Limited 
----------------------------------  ----------------------- 
 Golden Wonder Limited 
----------------------------------  ----------------------- 
 Grand Amusement Company 
  Limited 
----------------------------------  ----------------------- 
 Grosswell Limited 
----------------------------------  ----------------------- 
 Grow Bright Investments 
  Limited 
----------------------------------  ----------------------- 
 Harwell International 
  Investment Limited 
----------------------------------  ----------------------- 
 Hero Sunny Limited 
----------------------------------  ----------------------- 
 Holdwin Limited 
----------------------------------  ----------------------- 
 Homestead Group Limited 
----------------------------------  ----------------------- 
 Hong Kong And Mainland 
  International Investment 
  Society Limited 
----------------------------------  ----------------------- 
 Hotel Pravo Hong Kong 
  Limited 
----------------------------------  ----------------------- 
 Howe Street Developments 
  General Partnership Ltd. 
----------------------------------  ----------------------- 
 Howe Street Developments 
  Ltd. 
----------------------------------  ----------------------- 
 Joint Oriental Investments 
  Limited 
----------------------------------  ----------------------- 
 Kindness Investment Holdings 
  Overseas Limited 
----------------------------------  ----------------------- 
 Kui Yuen Company Limited 
----------------------------------  ----------------------- 
 Lady Secret Ltd. 
----------------------------------  ----------------------- 
 Leader Shine Limited 
----------------------------------  ----------------------- 
 Leading Sunny Limited 
----------------------------------  ----------------------- 
 Lucky Richest Limited 
----------------------------------  ----------------------- 
 Marco International Holdings 
  Limited 
----------------------------------  ----------------------- 
 Melbourne Management 
  Limited 
----------------------------------  ----------------------- 
 Middle Bench Vineyards 
  Holdings Ltd. 
----------------------------------  ----------------------- 
 Million Tender Limited 
----------------------------------  ----------------------- 
 Mornington Developments 
  Ltd. 
----------------------------------  ----------------------- 
 New Zeal Investments 
  Limited 
----------------------------------  ----------------------- 
 Next Apex Ltd 
----------------------------------  ----------------------- 
 Pacific Global Limited 
----------------------------------  ----------------------- 
 Pacific Matrix Ltd 
----------------------------------  ----------------------- 
 Perfect Horizon Ltd 
----------------------------------  ----------------------- 
 Poly Active Limited 
----------------------------------  ----------------------- 
 Polyinterest Inc. 
----------------------------------  ----------------------- 
 Pyrrha Investments Ltd 
----------------------------------  ----------------------- 
 Pyrrho Investments Ltd 
----------------------------------  ----------------------- 
 Pyrrho Management Ltd 
----------------------------------  ----------------------- 
 Radcliffe Enterprises 
  Limited 
----------------------------------  ----------------------- 
 Rich Keen (Hong Kong) 
  Limited 
----------------------------------  ----------------------- 
 Richest Grow Limited 
----------------------------------  ----------------------- 

 Richfast Development 
  Co., Ltd. 
----------------------------------  ----------------------- 
 Rosy Value Limited 
----------------------------------  ----------------------- 
 Sandmoor Associates Limited 
----------------------------------  ----------------------- 
 Seabreeze Associates 
  Limited 
----------------------------------  ----------------------- 
 Seaker & Sons Hospitality 
  Inc. 
----------------------------------  ----------------------- 
 Shamshuipo Schools Limited 
----------------------------------  ----------------------- 
 Shamshulpo Schools Limited 
----------------------------------  ----------------------- 
 Shine Grace Investment 
  Ltd. 
----------------------------------  ----------------------- 
 Shinning International 
  Holdings Ltd. 
----------------------------------  ----------------------- 
 Smartco Investment Limited 
----------------------------------  ----------------------- 
 Soderick Limited 
----------------------------------  ----------------------- 
 Sonata Symphony Sdn. 
  Bhd. 
----------------------------------  ----------------------- 
 Speed Tender Limited 
----------------------------------  ----------------------- 
 Strawberry Investment 
  Holdings Overseas Limited 
----------------------------------  ----------------------- 
 Sun Rays International 
  Limited 
----------------------------------  ----------------------- 
 Sunny Century investment 
  Limited 
----------------------------------  ----------------------- 
 Sunny Eastern Limited 
----------------------------------  ----------------------- 
 Sunny Scene Limited 
----------------------------------  ----------------------- 
 Super Best Enterprise 
  Ltd 
----------------------------------  ----------------------- 
 Super Link Profits Lid. 
----------------------------------  ----------------------- 
 Super Link Profits Ltd. 
----------------------------------  ----------------------- 
 Surrey Central Developments 
  Ltd. 
----------------------------------  ----------------------- 
 The Pravo Group Ltd 
----------------------------------  ----------------------- 
 Victor Time Limited 
----------------------------------  ----------------------- 
 Well Champ Properties 
  Limited 
----------------------------------  ----------------------- 
 West Village General 
  Partnership 
----------------------------------  ----------------------- 
 West Village Parcel 6 
  GP Ltd. 
----------------------------------  ----------------------- 
 West Village Parcel 6 
  Holdings Ltd. 
----------------------------------  ----------------------- 
 West Village Parcel 7 
  GP Ltd. 
----------------------------------  ----------------------- 
 West Village Parcel 7 
  Holdings Ltd. 
----------------------------------  ----------------------- 
 West Village Parcel 8 
  GP Ltd. 
----------------------------------  ----------------------- 
 West Village Parcel 8 
  Holdings Ltd. 
----------------------------------  ----------------------- 
 World Quest international 
  Ltd. 
----------------------------------  ----------------------- 
 Yinrex Ltd 
--------------------------------    ----------------------- 
 Yinrex USA, Inc. 
----------------------------------  -----------------------

Save as disclosed above there are no additional disclosures to be made in accordance with Schedule Two paragraph (g) of the AIM rules.

Enquiries

 
                                   +44 (0) 20 8815 
Safestay plc                        1600 
Larry Lipman 
Sharon Segal 
 Canaccord Genuity Limited         +44 (0) 20 7523 
  (Nominated Adviser and Broker)    8000 
Chris Connors 
 Martin Davison 
                                   +44 (0) 20 3151 
 Novella                            7008 
Tim Robertson 
Toby Andrews

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 06, 2017 05:30 ET (10:30 GMT)

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