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U.K. Self-Storage Company Lok'nStore to Announce Interim Results for Period Ended Jan. 31, 2012


U.K. self-storage company Lok'nStore PLC will announce its interim results for the six-month period ended Jan. 31 on April 23 at 9:30 a.m. BST. Chief Executive Andrew Jacobs and Finance Director Ray Davies will host the presentation for analysts at the offices of FTI Consulting, formerly Financial Dynamics, in London.

Jacobs established Lok'nStore in February 1995 after eight years as a stockbroker at Nomura International in London. He is Andrew is responsible for the company strategy, corporate finance and property.

Davies, a chartered accountant, has held a number of senior finance positions in the construction and health and fitness sectors. He is responsible for finance, administration and risk management.

Lok'nStore opened its first self-storage facility in Horsham in 1995. Since then it has grown to operate 22 sites in South England, including one managed store in Woking.

Lok’nStore builds, buys or leases large warehouses or industrial buildings and rents storage units to customers on a weekly basis. Around 60 percent of the company's 7,000 customers are residential and 40 percent commercial. Lok’nStore has more than 920,000 square feet of net rentable space, which is evenly split between freehold and leasehold.


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