Safestyle UK PLC Grant of Options (1881Y)
05 Septiembre 2022 - 1:00AM
UK Regulatory
TIDMSFE
RNS Number : 1881Y
Safestyle UK PLC
05 September 2022
5 September 2022
Safestyle UK plc
("Safestyle" or the "Group")
Grant of Options
Safestyle UK plc, the leading retailer and manufacturer of PVCu
replacement windows and doors for the UK homeowner market,
announces that, on 2 September 2022, the Group granted to Mike
Gallacher (Chief Executive Office) and Rob Neale (Chief Financial
Officer) an aggregate of 1,322,737 nil-cost options over ordinary
shares of 1 pence each in the Group (the "Options") under the
Safestyle UK plc 2017 Performance Share Plan as follows:
Name of individual Number of % of issued Total number Director's interest
shares subject share capital of options in the Group's
to option over ordinary issued share
shares capital (exc.
options)
Mike Gallacher 813,158 0.59% 1,549,696 667,740
---------------- --------------- --------------- --------------------
Rob Neale 509,579 0.37% 985,348 582,567
---------------- --------------- --------------- --------------------
The options are subject to continued employment, achievement of
EPS performance targets (as regards 75% of the award) and absolute
Total Shareholder Return ('TSR') performance (as regards 25% of the
award) for the year ending 29 December 2024. The 2 targets
incentivise the Executive Directors to deliver both earnings and
share price growth.
The EPS and TSR targets will be set out in the Group's Annal
Report and Accounts for the year ending 1 January 2023 that will be
issued following the Group's Preliminary Results Announcement at
the end of March 2023.
Subject to the achievement of the above targets, these options
will vest 3 years from the date of the grant on 2 September
2025.
In total 7,347,357 share options, which includes all existing
options issued under the Group's sharesave schemes, are now
outstanding representing approximately 5.3% per cent of the Group's
current issued share capital. The total number of ordinary shares
currently in issue is 138,867,384.
The FCA notification, made in accordance with the requirements
of the EU Market Abuse Regulation is appended below.
Enquiries:
Safestyle UK plc via FTI Consulting
Mike Gallacher, Chief Executive Officer
Rob Neale, Chief Financial Officer
Zeus (Nominated Adviser & Joint Broker) Tel: 0203 829 5000
Dan Bate / Daniel Harris (Investment
Banking)
Dominic King (Corporate Broking)
Liberum Capital Limited (Joint Broker) Tel: 0203 100 2100
Neil Patel / Jamie Richards
FTI Consulting (Financial PR) Tel: 0203 727 1000
Alex Beagley / Sam Macpherson / Amy Goldup
About Safestyle UK plc
The Group is the leading retailer and manufacturer of PVCu
replacement windows and doors to the UK homeowner market. For more
information please visit www.safestyleukplc.co.uk or
www.safestyle-windows.co.uk .
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Mike Gallacher
--------------------------------------------- ----------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/Status: Chief Executive Officer
--------------------------------------------- ----------------------------------
b) Initial Notification/Amendment: Initial Notification
--------------------------------------------- ----------------------------------
3 Details of the issuer, emission allowance market participation,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
a) Name: Safestyle UK plc
--------------------------------------------- ----------------------------------
b) LEI: 213800N1ZQBB3E7P8W75
--------------------------------------------- ----------------------------------
4. Details of transaction(s); section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted .
---------------------------------------------------------------------------------
a) Description of the financial Ordinary shares of GBP0.01
instrument: ISIN JE00BGP63272
Identification code:
--------------------------------------------- ----------------------------------
b) Nature of the transaction: Grant of nil-cost share option
--------------------------------------------- ----------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
--------------------------------------------- ---------------- ----------------
Nil-cost 813,158
------------------------------------------------------------------- ----------------
d) Aggregated volume: N/A
Price:
--------------------------------------------- ----------------------------------
e) Date of the Transaction: 2 September 2022
--------------------------------------------- ----------------------------------
f) Place of the Transaction: Outside a trading venue
--------------------------------------------- ----------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Rob Neale
-------------------------------------------- ----------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------
a) Position/Status: Chief Financial Officer
-------------------------------------------- ----------------------------------
b) Initial Notification/Amendment: Initial Notification
-------------------------------------------- ----------------------------------
3 Details of the issuer, emission allowance market participation,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------
a) Name: Safestyle UK plc
-------------------------------------------- ----------------------------------
b) LEI: 213800N1ZQBB3E7P8W75
-------------------------------------------- ----------------------------------
4. Details of transaction(s); section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted .
--------------------------------------------------------------------------------
a) Description of the financial Ordinary shares of GBP0.01
instrument: ISIN JE00BGP63272
Identification code:
-------------------------------------------- ----------------------------------
b) Nature of the transaction: Grant of nil-cost share option
-------------------------------------------- ----------------------------------
c) Price(s) and volume(s): Volume(s) Volume(s)
-------------------------------------------- ----------------- ---------------
Nil-cost 509,579
------------------------------------------------------------------- ---------------
d) Aggregated volume: N/A
Price:
-------------------------------------------- ----------------------------------
e) Date of the Transaction: 2 September 2022
-------------------------------------------- ----------------------------------
f) Place of the Transaction: Outside a trading venue
-------------------------------------------- ----------------------------------
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END
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