Safestay PLC Completion of Acquisition (8055Z)

TIDMSSTY

RNS Number : 8055Z

Safestay PLC

15 January 2020

Safestay plc

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

Completes Acquisition of Athens Hostel

Further to the announcement made on 28 October 2019, Safestay (AIM: SSTY), the owner and operator of an international brand of contemporary hostels, is pleased to announce that it has completed the acquisition of the 'AthenStyle Hostel' in Athens, for EUR1.5 million.

Larry Lipman, Chairman of Safestay, said:

"AthenStyle is a stylish and successful hostel, located in the heart of this popular tourist city and so requires only to be rebranded to be fully integrated into our unique European hostel network."

Enquiries

 
 Safestay plc                                  +44 (0) 20 8815 1600 
 Larry Lipman 
 
 Liberum Capital Limited 
 (Nominated Adviser and Broker)                +44 (0) 20 3100 2000 
 Andrew Godber/Edward Thomas/Laura Hamilton 
 
 Novella 
 Tim Robertson                                 +44 (0) 20 3151 7008

Fergus Young

For more information visit our:

Website www.safestay.com

Vox Markets page https://www.voxmarkets.co.uk/company/SSTY/news/

Instagram page www.instagram.com/safestayhostels/

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END

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January 15, 2020 02:00 ET (07:00 GMT)

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