Safestore Holdings PLC

AGM Information • Jul 25, 2017

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RNS Number : 0634M

Safestore Holdings plc

25 July 2017

SAFESTORE

25 July 2017

Safestore Holdings plc ("Safestore" or "the Company")

Result of General Meeting

The General Meeting of Safestore Holdings plc was held this afternoon at the Company's registered office in Borehamwood, Hertfordshire.

All resolutions proposed to the meeting were duly passed on a show of hands. The total number of proxy votes lodged for each resolution in advance of the meeting is set out below.

Resolution	Votes  For	%	Votes Against	%	Votes Total	% of ISC Voted	Votes Withheld
1	77,550,007	50.83	75,030,203	49.17	152,580,210	72.9	17,087,197
2	78,340,252	51.28	74,423,110	48.72	152,763,362	73.0	16,904,045
3	168,491,144	99.46	908,848	0.54	169,399,992	80.9	267,416

*ISC = Issued Share Capital of the Company

Alan Lewis, Chairman of Safestore, commented:

"We appreciate that our remuneration proposals, which were designed to break away from more traditional policies have divided opinion. 

Following extensive consultation, we proposed a five-year Long-Term Incentive Scheme covering a significantly larger group of individuals at and below board level. Since the March AGM we undertook a further round of consultation and made material amendments to the original proposals, including a 20% reduction in the maximum number of director options available. We have however remained true to our beliefs and retained the three central principles of the scheme; below market rates for base pay, payment for outstanding performance only and a five-year time horizon which is aligned with our business model and strategy.

As we now move forward with the new policies in place we will maintain engagement with all stakeholders to allay any concerns and most importantly work tirelessly to continue to deliver exceptional value for all of our shareholders." 

For further information, please contact:

Instinctif Partners
Mark Reed	020 7457 2020

Notes

The current issued capital of Safestore Holdings plc is 209,306,201 shares.

A "vote withheld" is not a vote in law and is not counted in the calculation of the percentages of votes cast for and against a resolution.

Resolution 1 - To approve the Directors' remuneration policy

Resolution 2 - To approve the Company's Long Term Incentive Plan

Resolution 3 - To approve the Company's Sharesave scheme

This information is provided by RNS

The company news service from the London Stock Exchange

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