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Panel
⚖ Scheme of Arrangement — Vote Calculator
Toggle each shareholder between SELL / ROLL OVER / AGAINST / UNDECIDED. Scheme requires ≥75% by value of votes cast + majority by number of holders.
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£0.0M
Sell
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£0.0M
Roll Over
0%
£0.0M
Against
0%
£0.0M
Undecided
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Verdict
Threshold: 75% ────────
Note: Pyrrho (29.30%) requires special treatment — they hold blocking stake. Lipman-controlled entities (~13-14%) assumed to follow Chairman recommendation. Bredbury CLN (£2.8M) gives veto on financial restructuring.
🎯 Stakeholder Approach Status Tracker
Real-time engagement status — saved locally. Update as outreach progresses.
📅 Project Silo — Deal Timeline & Critical Path
COMPLETED
Shareholder Intelligence Mapping
Full cap table analysis, dossiers on all major shareholders, directors and key POIs. Network map built. Chan family approach plan written.
NOW — MARCH 2026
Initial Stakeholder Approach
Hadi to contact Larry Lipman via Shore Capital (Tom Griffiths warm route). Lily Chan via LinkedIn 2nd-degree connection. Richard Chiu to activate for Anson Chan intro. Erik Fok backup for Lily.
APRIL 2026
Preliminary Discussions & Alignment
First structured conversations with Lipman and Pyrrho/Cummins. Share high-level indicative offer range. LP rollover economics model from Alexis. Bonnie Maxwell governance framing.
MAY 2026
Panel Consultation & Takeover Code
Tuvi Keinan (Brown Rudnick) leads Panel consultation. RPC (Connor Cahalane) engaged for Chan side. Rule 9 concert party analysis. Cummins recusal from board deliberation confirmed. Announce or extend.
JUNE 2026
Firm Offer & Scheme Document
Scheme document dispatched. Michael Hirst OBE leads Independent Committee recommendation. Shore Capital fairness opinion. 28-day acceptance period begins.
JULY–AUG 2026
Scheme Court Hearing & Sanction
Court meeting → shareholder meeting. 75% value + majority by number threshold. Court sanction hearing. Effective date. AIM delisting. PLC wound up. ICP takes full ownership.
Q4 2026
100-Day Operating Plan
Josh Wyatt takes GM role. Peter Zielke managed exit. Roman Dahl leads transformation. PropCo–OpCo structure activated. Lume brand rollout to flagship sites.
📝 Stakeholder Q&A Notes — Saved Locally
Use these as private call notes, objection logs, and open Q&A per stakeholder. Auto-saved to your browser.
🏢 SafeStay PLC — Operational Team (Employees Only)
Key employees by region. Excludes shareholders and board NEDs. Retention priority and photo status shown. Click any card to open their intelligence dossier.
🇬🇧 UK — Executive Leadership
👤
Peter Zielke
CEO
📍 London, UK
CRITICAL
Operational authority. Direct report to board. Key relationship holder for LB transition.
Manages ~450-bed flagship E&C site + London corridor. Largest UK property GM.
🇪🇸🇮🇹 Southern Europe
👤
Andrea Ruilova Ponce
GM — Spain (Madrid, BCN ×2, Calpe)
📍 Calpe, Spain
HIGH⚠ Calpe dev critical
3 live sites + Calpe under construction. Only person who knows Calpe build status.
👤
Vito Di Mario
Country Manager — Italy
📍 Naples, Italy
HIGH
Manages Naples, Pisa, Florence. Opened all 3 Italian sites. First in-person visit within 3 weeks of close (Naples).
🇵🇱🇨🇿🇦🇹 Central Europe
👤
Agnieszka Michniak
Area Manager — Central Europe
📍 Krakow, Poland
HIGH⚠ Warsaw gap
Poland, Czech Republic, Austria (Kitzbühel franchise). Holds Warsaw closure intelligence.
👤
Emily Krulak, MBA
Marketing & Ops — Poland
📍 Warsaw/Krakow, Poland
HIGH — OTA Risk
MBA-qualified. Owns digital/OTA channel. Key for direct booking programme. Offer Marketing Manager CE title.
📷 Photo Status:✅ Confirmed: Zielke, Carlos⏳ Pending: Nichilciuc, Ruilova, Di Mario, Michniak, Krulak→ Add headshots as {id}.jpg in photos/ folder
Platform Capital Partners, Syndicates & Capital Stack Risks
Confirmed consortium partners, risk analysis, and capital allocation strategy | Q1 2026
€64M
Phase 1 Equity Target
€100M
Phase 2 Platform Vision
4
Active Deals
5
Consortium Partners
🏛 CONFIRMED CONSORTIUM
🎯 Lead Advisor
Huntsmead
Strategic advisor leading deal origination, LP placement, and consortium coordination across all ICP pipeline projects. Primary interface for institutional investors.
LEAD
💼 Investment Banker
RAN Advisory
Rich Newman leading bid strategy and transaction execution for the Safestay PLC take-private. Managing Panel consultation and offer mechanics.
LEAD — BID
🏦 Debt Partner
Aareal Bank
Specialist real estate lender providing senior debt facilities. Key to reducing blended cost of capital below Safestay's current ~11.5% CoC.
ENGAGED
💎 Equity Partner
Stanhope Capital
Institutional equity partner providing cornerstone capital for the platform. Multi-strategy wealth manager with European real asset expertise.
ENGAGED
⚖ Legal Counsel
Brown Rudnick
Tuvi Keinan leading Takeover Panel consultation, Rule 9 concert party analysis, Scheme of Arrangement structuring, and AIM delisting procedures.
SELECTED
⚠ SYNDICATES & CAPITAL STACK RISK ANALYSIS
🇮🇹 Milan Projects (Atmos & Richini)
⚠ Moderate
Change of Use Risk
Significant capital risk navigating Italian regulatory compliance for change of use and obtaining correct licensing. Capital stack must account for extended holding costs if municipal approvals are delayed.
Holding Cost Exposure
Budget €1.0–1.5M renovation (Richini), plus fit-out for Atmos. No final architect quotes — budget slippage risk is real.
💡 Capital Perspective: Best suited for HNWIs & Family Offices with higher tolerance for localized regulatory timelines and ability to deploy patient equity.
🏴 Project Silo (Safestay Take-Private)
🔴 High
Re-Trading Risk
Risk of seller or key shareholders (Pyrrho 29.30%, Lipman ~13%) attempting to re-trade terms prior to the May 2026 bid submission.
Pricing Execution
Ensuring entry multiple remains disciplined. Overpaying nullifies the target of lowering ~11.5% cost of capital to institutional levels.
People / Team Transition
Operational risk surrounding retention of key Safestay personnel post-acquisition and merging culture with the Lume platform.
Liability Restructuring
£40.9M total liabilities require careful restructuring. Bredbury CLN (£2.8M) gives veto on financial restructuring.
💡 Capital Perspective: Requires larger institutional groups, PE, or major syndicates capable of underwriting the £40.9M liability restructuring and executing a €50M+ equity check reliably to prevent closing delays.
🎯 PRIORITIZED TARGET CAPITAL GROUPS
Project / Strategy
Target Capital Profile
Description & Strategy
🇬🇧 Shoreditch Flagship 262 Old Street, London
Smaller Individuals & FOs
Focused syndication targeting regional HNWI networks and boutique family offices seeking direct exposure to prime London real estate with value-add characteristics.
🇮🇹 Milan Projects Atmos & Richini
Individuals & Family Offices
Equity structures suited for patient capital comfortable with European operational and change-of-use nuance. Higher risk tolerance for localized regulatory timelines.
🏴 Platform Deals Safestay / Project Silo
Institutional Groups & PE
Major capital allocators capable of funding large-scale take-privates, restructuring £40.9M debt, and funding subsequent portfolio roll-ups to €100M platform.
Sources: Lume_Shoreditch_Business_Plan_v2.0 · 02_Ney_Lume_5_Year_Operating_Model.xlsx · Lume Richini (Alek V2).xlsx · SafeStay_TakePrivate_Investment_Memo_v1.1. Project Silo amounts are illustrative — equity range is €20M–€50M+ and carry depends on exit performance.