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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September 05, 2022 02:00 ET (06:00 GMT)

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