Safestay PLC Directorate Change (6146A)

TIDMSSTY

RNS Number : 6146A

Safestay PLC

13 September 2018

Safestay plc

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

Appointment of Alternate Director

Safestay (AIM:SSSTY), the owner and operator of a new brand of contemporary hostel, announces that Mr Anson Chan, a non-executive Director, has appointed Mr Paul Cummins to act as his Alternate Director at any meeting of Directors which he is not able to attend.

The appointment of Mr Cummins will continue until Mr Cummins either resigns, Mr Chan revokes the appointment or until Mr Chan ceases to be a Director, whichever occurs first.

Mr Cummins is a Director and Co-Founder of Pyrrho Investments Ltd, a family investment fund, which owns 27.26% of the Company's issued share capital.

Mr Cummins is a qualified Chartered Accountant and a professional investor with over 29 years of business experience. He is also a director of Pacific Jade Corporate Services Limited, a company secretarial business,. Previously, Mr Cummins was the CFO of alternative energy business Yifung Alternative Energy Company Ltd. Before this, he worked at Nomura International and KPMG.

Paul Cummins (aged 53) holds or has held directorships and partnerships in the five years preceding his appointment at the Company as follows:

 
 Current directorships                Previous Directorships 
 Broad Capital Investmemt Limited     Connaught Road (Services) Ltd 
                                     ------------------------------------- 
 Cathay Sunrise Limited               Connaught Road Nominees Ltd 
                                     ------------------------------------- 
 Connaught Road Limited               Eastern Angel Investments Ltd 
                                     ------------------------------------- 
 Cooperlea Investments Ltd            Eurasia Solutions Limited 
                                     ------------------------------------- 
 Crimson Tiger Limited                Global Corporate Services (Holdings) 
                                       Limited 
                                     ------------------------------------- 
 Galant Vicotor Pte Ltd               Goodwood Specialities Limited 
                                     ------------------------------------- 
 Galant Victor Holdings Ltd           Pacific Jade Investments Limted 
                                     ------------------------------------- 
 Global Corporate Services (HK)       Pearl River International Holdings 
  Limited                              Limited 
                                     ------------------------------------- 
 Kitchener Hotels Limited 
                                     ------------------------------------- 
 Napaian limited 
                                     ------------------------------------- 
 Pacific Jade Corporate Services 
  Limited 
                                     ------------------------------------- 
 Pyrrho Investments Limited 
                                     ------------------------------------- 
 Pyrrho Management Limited 
                                     ------------------------------------- 
 Sino Advisory Limited 
                                     ------------------------------------- 
 Summit Developemtns (Kent) Limited 
                                     ------------------------------------- 
 Summit Developments Limited 
                                     ------------------------------------- 
 The Pod Singapore Limited 
                                     -------------------------------------

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

Enquiries

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

BOALTMRTMBMBBLP

(END) Dow Jones Newswires

September 13, 2018 02:01 ET (06:01 GMT)

Safestay (LSE:SSTY)
Historical Stock Chart
From Apr 2024 to May 2024