Safestay secures £1.4m payout for Covid-19 interruptions.
Safestay announced on Monday that it has secured a £1.4m payout from a business interruption insurance claim related to the impact of the Covid-19 pandemic.
Safestay
16 June 2025 16:09:41
Source: Sharecast
The AIM-traded hostel group said that amount was net of professional fees, and was expected to be received within the next 21 days.
It said the award would be recognised as a post-balance sheet event in its upcoming 2024 financial results, which are due to be published later this month.
The claim compensates for trading disruptions the group experienced during the pandemic across its European network.
At 1442 BST, shares in Safestay were up 6.52% at 24.5p.
Reporting by Josh White for Sharecast.com.
N/A
ISIN:
N/A
Exchange: N/A
Sell:
N/A
Buy:
N/A
Change:
Date:
Prices delayed by at least 15 minutes
Compare our accounts
If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.
