Safestay PLC Notice of AGM (5330X)
May 06 2016 - 7:47AM
UK Regulatory
TIDMSSTY
RNS Number : 5330X
Safestay PLC
06 May 2016
Safestay PLC
("Safestay" or "the Company")
Final Results
Publication of Report & Accounts
Safestay (AIM: SSTY), the owner and operator of a luxury hostel
brand, announces that its report & financial statements for the
period ended 31 December 2015 have been sent to shareholders and
copies are available on the Company's website,
www.safestay.co.uk.
The Company's Annual General Meeting will be held at 11.00am on
7 June 2015 at Safestay Holland Park, Holland Walk, Kensington,
London W8 7QU.
For further information: Safestay
Larry Lipman, Chairman Tel: 020 8815
1600
Canaccord Genuity Limited (Nominated Advisor and
Broker)
Bruce Garrow Tel: 020 7523
8359
Chris Connors Tel: 020 7523
8342
Novella Communications Ltd
Tim Robertson Tel: 020 3151
7008
About Safestay:
-- Safestay is a new brand of premium hostel, designed to appeal
to a broad range of guests. Known as a "boutique hostel" within the
travel industry, it is aimed at providing safe, stylish
accommodation which offers an attractive alternative to both
traditional hostels and budget hotel accommodation.
-- Established in April 2011 as a joint venture between the
Moorfield Funds and the Safeland Group, the Company then listed on
AIM in May 2014, to widen the shareholder base and raise new equity
to support the European roll-out of the Safestay brand.
-- Today, the Group operates from four sites, 2 in London 1 in
Edinburgh and 1 in York, totalling 1,526 beds, up from 560 beds in
the previous year.
-- The Group aims to continue the expansion of the business by
the acquisition and development of further properties and create a
branded hostel group known for providing safe and stylish, but
relatively inexpensive accommodation.
-- The current hostel market is undergoing substantial change,
after years of little of no investment, the concept of staying in
clean, safe, stylish rooms for less than GBP25 per night has gained
momentum and there is, in the opinion of the Directors, the
potential for significant growth and sector consolidation.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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