Safestay PLC
17 July 2026
This announcement replaces the Safestay PLC Notice of Annual General Meeting RNS released today at 7am under RNS Number 7123M. The correct announcement now appears below.
Safestay plc
("Safestay", the "Company" or the "Group")
Directorate Change
and
Notice of AGM
Directorate Change
Safestay plc (AIM: SSTY), the owner and operator of an international brand of contemporary hostels, announces that Peter Zielke, Director and former Chief Operating Officer of the Company, has informed the Board that he will not seek re-election as a director at the Company's forthcoming Annual General Meeting and will therefore step down from the Board at the conclusion of the AGM.
As announced on 11 May 2026, Davide Caschili was appointed to the Board as Chief Operating Officer with effect from 10 June 2026, succeeding Peter Zielke in that role. Peter stepped down from his executive responsibilities on that date and has remained on the Board to support an orderly transition.
Following the AGM, Peter will continue to support the Company in a consultancy capacity to assist with continuity in relation to key operational matters.
Larry Lipman, Chairman of Safestay, said:
"On behalf of the Board, I would like to thank Peter for his commitment and contribution to Safestay over the past three years. He has played an important role in several key operational developments for the Group, including the establishment of our first franchise operations and the development of our operational centre of excellence in Warsaw. We are pleased that Peter will continue to support the business in a consultancy capacity following the AGM."
Notice of AGM
The Company also announces that the Notice of Annual General Meeting has today been posted to shareholders. The AGM will be held at Safestay London Elephant & Castle, 144-152 Walworth Road, London, SE17 1JL on Wednesday 12 August 2026 at 9.00am.
Shareholders are encouraged to vote by proxy, electronically appointing the Chairman of the Meeting as their proxy. Details of how to do this are contained in the Notice of Annual General Meeting.
A copy of the Notice of Annual General Meeting will shortly be available on the Company's website at Safestay investors page: https://www.safestay.com/investors/
ENDS
Enquiries:
|
Safestay PLC Larry Lipman |
Tel: +44 (0) 20 8815 1600 |
|
Shore Capital (Nomad & Broker) David Coaten/Harry Davies-Ball |
Tel: +44 (0) 20 7408 4090 |
|
Hudson Sandler (Financial PR) Alex Brennan/India Laidlaw |
Tel: +44 (0) 20 7796 4133 |
For more information visit:
Website www.safestay.com
Instagram page www.instagram.com/safestayhostels/
About Safestay plc:
Safestay PLC, one of Europe's largest hostel groups, operates in the exciting and growing hostel segment of the global hospitality market. Worth approximately US$6.53bn in 2026, it is estimated to grow to US$15.25bn by 2034 (The Market Data Forecast, 2025).
Safestay's operational sites of 20 premium hostels and one hotel offer guests both private and shared rooms in destination cities across the UK, Spain, Belgium, Czech Republic, Greece, Italy, Poland, Portugal, Austria and Slovakia.
Safestay's mission at each of its locations is to provide a safe, inclusive, and enjoyable space that caters to the needs of different travellers. Its properties offer first-class locations and thoughtful designs that cater for the different needs of travellers, from digital nomads to backpackers and from families to group travellers.
Safestay's pan-European locations include:
· Kitzbühel Alpine, Austria (Franchise)
· Kitzbühel Centre, Austria (Franchise)
· Brussels Grand Place, Belgium
· Prague Charles Bridge, Czechia
· Lisbon Bairro Alto, Portugal
· Bratislava Presidential Palace, Slovakia
· Barcelona Passeig de Gracia, Spain
· Calpe Seafront, Spain (in development)
· Córdoba Mezquita Catedral, Spain
· Edinburgh Cowgate, UK (Franchise)
· London Elephant & Castle, UK
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