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    SHUR   LU1883301340

SHURGARD SELF-STORAGE S.A.

(SHUR)
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Real-time Euronext Bruxelles  -  05/26 11:35:11 am EDT
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Shurgard Self Storage S A : Inside Information / Ad Hoc Information - EN

11/30/2021 | 04:21am EDT

FOR IMMEDIATE RELEASE

November 29, 2021 at 07:30 pm CET

This press release is not and must not, directly or indirectly, be distributed or made public in Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or Switzerland or any jurisdiction where such offer pursuant to legislation and regulations in such relevant jurisdiction would be prohibited by applicable law. The offer is not being made to, nor will any tender of shares be accepted from, holders in such jurisdictions or elsewhere where their participation requires further documentation, filings or other measures in addition to those required by Swedish law. This press release has been published in Swedish and English. In the event of any discrepancy in content between the language versions, the original Swedish version shall prevail.

Regulated information - Inside information

Shurgard Self Storage SA

("Shurgard")

Shurgard withdraws public cash offer to the shareholders of 24Storage

Shurgard Self Storage S.A. through Shurgard Sweden AB1 ("Shurgard") announced on 22 November 2021 a public cash offer to the shareholders of 24Storage AB (publ) ("24Storage"), to tender all their shares to Shurgard for SEK 72 per share (the "Offer"). Completion of the Offer is, among other things, conditional upon the offer being accepted by 24 Storage's shareholders representing more than 90 per cent of the outstanding shares in 24 Storage. This condition cannot be satisfied due to TIAA's unconditional agreements to purchase approximately 92.38 per cent of the number of shares outstanding from the shareholders of 24Storage. Thus, Shurgard has decided to withdraw the Offer. Accordingly, any shares tendered will not be acquired by Shurgard and will remain in the respective holders' ownership without any action needed on the part of the shareholder.

The offer from TIAA validates Shurgard's interest in 24Storage and underpins the strong investor interest in self-storage assets. Shurgard remains committed to generating value for all its stakeholders and this does not change Shurgard's interest or strategy to grow Shurgard in Sweden, where Shurgard continues to remain the largest self-storage operator by square meter.

For additional information please contact

Information regarding the Offer is available on the website for Shurgard, https://corporate.shurgard.eu/press-release.

For media enquiries, please contact: Caroline Thirifay, Director of Investor Relations, Shurgard Self Storage S.A.

Email: investor.relations@shurgard.lu

Telephone: +352 621 680 104

1 Shurgard Sweden AB is a wholly owned indirect subsidiary of Shurgard Self Storage S.A.

FOR IMMEDIATE RELEASE

IMPORTANT INFORMATION

The Offer is not being made, and will not be made, directly or indirectly, in or into, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa, Switzerland or in any other jurisdiction where such offer would be prohibited by applicable law pursuant to legislation, restrictions and regulations in the relevant jurisdiction, by use of mail or any other means or instrumentality of interstate or foreign commerce, or of any facilities of a national securities exchange, of Australia, Canada, Hong Kong, Japan, New Zealand, South Africa, Switzerland or in any other jurisdiction where such offer would be prohibited by applicable law pursuant to legislation, restrictions and regulations in the relevant jurisdiction. This includes, but is not limited to facsimile transmission, electronic mail, telex, telephone, the internet and other forms of electronic transmission. The Offer cannot be accepted and shares may not be tendered in the Offer by any such use, means, instrumentality or facility of, or from within, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or Switzerland or by persons located or resident in Australia, Canada, Hong Kong, Japan, New Zealand, South Africa, Switzerland or in any other jurisdiction where such offer would be prohibited by applicable law pursuant to legislation, restrictions and regulations in the relevant jurisdiction. Accordingly, this press release and any related Offer documentation are not being and should not be mailed or otherwise transmitted, distributed, forwarded or sent in or into Australia, Canada, Hong Kong, Japan, New Zealand, South Africa, Switzerland or in any other jurisdiction where such offer would be prohibited by applicable law pursuant to legislation, restrictions and regulations in the relevant jurisdiction or to any Australian, Canadian, Hong Kong, Japanese, New Zealand, South African or Swiss persons or citizens in any other jurisdiction where such offer would be prohibited by applicable law pursuant to legislation, restrictions and regulations in the relevant jurisdiction or any persons located or resident in Australia, Canada, Hong Kong, Japan, New Zealand, South Africa, Switzerland or in any other jurisdiction where such offer would be prohibited by applicable law pursuant to legislation, restrictions and regulations in the relevant jurisdiction.

This Press Release is not being, and must not, directly or indirectly, be sent to shareholders with registered addresses in Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or Switzerland. Banks, brokers, dealers and other nominees holding shares for persons in Australia, Canada, Hong Kong, Japan, New Zealand, South Africa, Switzerland or in any other jurisdiction where such offer would be prohibited by applicable law pursuant to legislation, restrictions and regulations in the relevant jurisdiction

must not forward this press release or any other document received in connection with the Offer to such persons.

Notwithstanding the foregoing, Shurgard reserves the right to permit the Offer to be accepted by persons not resident in Sweden if, in its sole discretion, Shurgard is satisfied that such transaction can be undertaken in compliance with applicable laws and regulations.

The Offer, the information and the documents contained in this offer document are not being made and have not been approved by an "authorised" person for the purposes of section 21 of the UK Financial Services and Markets Act 2000 (the "FSMA"). The communication of the information and documents contained in this offer document is exempt from the restriction on financial promotions under section 21 of the FSMA on the basis that it is a communication by or on behalf of a body corporate which relates to a transaction to acquire shares in a body corporate and the object of the transaction may reasonably be regarded as being the acquisition of day to day control of the affairs of that body corporate within article 62 (sale of a body corporate) of the FSMA (Financial Promotion) Order 2005.

Disclaimer

Shurgard Self Storage SA published this content on 30 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2021 09:20:09 UTC.


© Publicnow 2021
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Sales 2022 324 M 348 M 348 M
Net income 2022 325 M 349 M 349 M
Net Debt 2022 699 M 750 M 750 M
P/E ratio 2022 10,8x
Yield 2022 2,45%
Capitalization 4 247 M 4 556 M 4 556 M
EV / Sales 2022 15,3x
EV / Sales 2023 14,7x
Nbr of Employees 771
Free-Float 64,5%
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Technical analysis trends SHURGARD SELF-STORAGE S.A.
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TrendsBearishBearishNeutral
Income Statement Evolution
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Sell
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Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 47,70 €
Average target price 54,78 €
Spread / Average Target 14,8%
EPS Revisions
Managers and Directors
Marc Pierre Francois Oursin Chief Executive Officer & Director
Jean L. H. Kreusch Chief Financial Officer
Ronald L. Havner Chairman
Duncan Bell Vice President-Operations
Isabel Neumann Chief Investment Officer