European Self-Storage Operator Less Mess Storage Issues Stock Options

Less Mess Storage Inc. (LMS), a Canada-based self-storage operator with facilities in Prague and Warsaw, Poland, has issued 19,000 “incentive” stock options to a director and an officer in the company. Both recipients were unidentified in a press release. The options are fully vested and exercisable at $1 per share for five years.

Less Mess Storage Inc. (LMS), a Canada-based self-storage operator with facilities in Prague and Warsaw, Poland, has issued 19,000 “incentive” stock options to a director and an officer in the company. Both recipients were unidentified in a press release. The options are fully vested and exercisable at $1 per share for five years.

The grant of options is subject to provisions in the company’s stock-option plan, the TSX Venture Exchange and applicable securities laws, according to the release.

In May, LMS reported net income of $407,049 for the first quarter of 2015, representing earnings of $0.04 per share. It was the company's first reported net income since acquiring its operating portfolio.

Less Mess owns and operates five self-storage properties—four freehold, one leasehold—encompassing more than 180,000 square feet of net rentable space. Though its records office resides in Vancouver, British Columbia, Canada, it also has a headquarters in Warsaw and offices in Prague. Its common shares are listed on the TSX Venture Exchange under the stock symbol "LMS."

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