RNS Number: 5560 R Safestay PLC 30 June 2020. Safestay, the owner and operator of an international brand of contemporary hostels, announces that at its Annual General Meeting held earlier today all resolutions were passed. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
The Company's Annual General Meeting will be held at 10.00 am on 30 June 2020 at 1 a Kingsley Way, London N2 0 FW, UK. Due to the current UK Government restrictions on public gatherings and the associated social distancing measures, the AGM will be convened with the minimum necessary quorum of two members entitled to vote, present in person or by proxy.
·49% or £9 million of net revenue now coming from mainland Europe versus 43% in 2018. ·Adjusted EBITDA of £6.1 million and £3.8 million pre-IFRS 16 adjustments. ·Loss before tax of £0.6 million and £0.2 million pre-IFRS 16 adjustments.
Safestay, the owner and operator of an international brand of contemporary hostels, is pleased to confirm a new £5 million overdraft extension with HSBC. The new facility will be added to the Company's cash reserves of £1.1 million as at 8 April 2020, to enable the Company to meet its significantly reduced liquidity requirements while the trading...
RNS Number: 5211 G Safestay PLC 17 March 2020. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 5177 G Safestay PLC 17 March 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 0124 G Safestay PLC 13 March 2020 13 March 2020. Safestay, the owner and operator of an international brand of contemporary hostels, has been notified that Larry Lipman, Chairman of the Company, purchased 75,000 Ordinary Shares of 1 pence each in the Company on 12 March 2020 at a price of 18.8 pence per share. RNS is approved by the Financial Conduct...
RNS Number: 9931 F Safestay PLC 12 March 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 8413 F Safestay PLC 12 March 2020. Safestay, the owner and operator of an international brand of contemporary hostels, has been notified that Larry Lipman, Chairman of the Company, purchased 15,000 Ordinary Shares of 1 pence each in the Company on 10 March 2020 at a price of 18.5 pence per share and 50,000 Ordinary Shares on 11 March 2020 at a price of 19.25...
Safestay #SSTY 18.5p £12m “The owner and operator of an international brand of contemporary hostels, announces that the spread of the COVID-19 virus is having an impact on bookings across the hostel network. We have experienced a material reduction in new bookings over the last week against our expectations and there have been a growing number of group bookings from schools and colleges which have been cancelled or postponed. It is too early to say what the full impact from COVID-19 might be in the current financial year, as it is not known how long the virus will continue to impact travel and spending patterns in Europe and the UK. As announced in a trading update on 3 February 2020, the Company completed a successful year in 2019 and entered 2020 in a strong financial position. The Board is confident that the business is well placed to weather the current challenges and return to growth as and when the travel market normalises. In the meantime, the Company is reducing flexible costs where possible.”
Safestay Plc #SSTY announced, in its trading update, that the spread of the COVID-19 virus is having an impact on bookings across the hostel network. The company experienced a material reduction in new bookings over the last week against our expectations and there have been a growing number of group bookings from schools and colleges which have been cancelled or postponed. The Board is confident that the business is well placed to weather the current challenges and return to growth as and when the travel market normalises. In the meantime, the company is reducing flexible costs where possible to offset the dip in bookings whilst strictly adhering to all health advice in order to help protect all staff and guests.
RNS Number: 5170 F Safestay PLC 10 March 2020. Safestay, the owner and operator of an international brand of contemporary hostels, announces that the spread of the COVID-19 virus is having an impact on bookings across the hostel network.. It is too early to say what the full impact from COVID-19 might be in the current financial year, as it is not known how long the...
RNS Number: 5001 F Safestay PLC 09 March 2020. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 4931 F Safestay PLC 09 March 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Safestay PLC
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Safestay PLC
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