Response to Share Price Movement
Safestay confirms it is considering conditional sale of freeholds of certain UK assets.
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Safestay (AIM: SSTY), one of Europe's largest hostel groups, notes the recent speculation and share price movement and confirms that it is considering the conditional sale of the freeholds of certain UK assets (the "Disposal"). The Company does not currently anticipate operational or headcount changes arising from any such freehold disposal.
Safestay shareholders should note that there can be no certainty that the Disposal will proceed and therefore they are advised to take no action. Further announcements will be made as appropriate.
*Source - Markets and Research, August 2022
Safestay's pan-European locations include:
- Athens Monastiraki, Greece
- Barcelona Gothic, Spain
- Barcelona Passeig de Gracia, Spain
- Berlin Kurfurstendamm, Germany (hotel)
- Bratislava Presidential Palace, Slovakia
- Brighton, UK (in development)
- Brussels Grand Place, Belgium
- Budapest, Hungary (in development)
- Calpe Seafront, Spain (in development)
- Córdoba Mezquita Catedral, Spain
- Glasgow Charing Cross, UK
- Edinburgh Cowgate, UK
- London Elephant & Castle, UK
- London Kensington Holland Park, UK
- Lisbon Bairro Alto, Portugal
- Madrid Central, Spain
- Pisa Centrale, Italy
- Prague Charles Bridge, Czeck Republic
- Warsaw Old Town, Poland
- York Micklegate, UK
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.