TIDMSFE

RNS Number : 4179C

Safestyle UK PLC

18 June 2021

18 June 2021

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

Safestyle UK plc

("Safestyle", the "Company" or the "Group")

Exercise of Options, Director Dealing and Total Voting Rights

Safestyle UK plc, the leading retailer and manufacturer of PVCu replacement windows and doors for the UK homeowner market, announces that, on 18 June 2021, it allotted 1,556,482 new ordinary shares of 1 pence each in the Group ("Shares") following the exercise of nil-cost Restricted Share options granted under the Safestyle UK plc 2017 Performance Share Plan, as disclosed in the RNS announcement dated 23 October 2020. The allotment has been made to two Directors of the Company, Mike Gallacher (Chief Executive Office) and Rob Neale (Chief Financial Officer) (together the "Exercising PDMRs"), as well as other Group employees.

The Exercising PDMRs have exercised, in aggregate, 812,500 Shares and have sold 381,875 Shares to cover their income tax and National Insurance liabilities arising from the exercise.

Save for those Shares sold today by the Exercising PDMRs and other Group employees to satisfy tax liabilities arising from the exercise, no other Shares allotted as part of the exercise are permitted to be sold until 18 June 2022.

Following the dealings described above, the Exercising PDMRs' interests in the Company are set out below:

 
 Director /        Current      Options      Shares sold        New holding   % of total 
  PDMR              holding      exercised    to cover           of Shares     voting rights 
                    of Shares                 tax liabilities                  in the Company 
 Mike Gallacher    320,240      550,000      258,500            611,740       0.44% 
                  -----------  -----------  -----------------  ------------  ---------------- 
 Rob Neale         325,000      262,500      123,375            464,125       0.34% 
                  -----------  -----------  -----------------  ------------  ---------------- 
 

Total Voting Rights

Application has been made to the London Stock Exchange for the 1,556,482 new Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective at 8.00 a.m. on 21 June 2021.

Following Admission, the total number of Shares and voting rights in the Company will be 138,365,378. There are no Shares held in treasury. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Enquiries:

 
 Safestyle UK plc                                via FTI Consulting 
  Mike Gallacher, Chief Executive Officer 
  Rob Neale, Chief Financial Officer 
 Zeus Capital Limited (Nominated Adviser         Tel: 0203 829 5000 
  & Joint Broker) 
  Dan Bate / Daniel Harris / Dominic King 
 Liberum Capital Limited (Joint Broker)          Tel: 0203 100 2100 
  Neil Patel / Jamie Richards 
 FTI Consulting (Financial PR)                   Tel: 0203 727 1000 
  Alex Beagley / James Styles / Sam Macpherson    safestyle@fticonsulting.com 
 

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.

The notification below is made in accordance with the requirements of the EU Market Abuse Regulation as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018.

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:                       i) Exercise of nil-cost share 
                                                         options 
                                                         ii) Sale of shares to satisfy 
                                                         tax liabilities 
      ------------------------------------------  ------------------------------------------ 
 c)    Price(s) and volume(s):                                  Price(s)        Volume(s) 
      ------------------------------------------  --------  ---------------  --------------- 
                             i)                                   Nil            550,000 
  --------------------------------------------------------  ---------------  --------------- 
                             ii)                                  60p            258,500 
  --------------------------------------------------------  ---------------  --------------- 
 d)    Aggregated volume:                          As above 
        Price: 
      ------------------------------------------  ------------------------------------------ 
 e)    Date of the Transaction:                    18 June 2021 
      ------------------------------------------  ------------------------------------------ 
 f)    Place of the Transaction:                        i) Off market 
                                                         ii) London Stock Exchange, AIM 
      ------------------------------------------  ------------------------------------------ 
 
 
 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:                       i) Exercise of nil-cost share 
                                                         options 
                                                         ii) Sale of shares to satisfy 
                                                         tax liabilities 
      ------------------------------------------  ------------------------------------------ 
 c)    Price(s) and volume(s):                                  Price(s)        Volume(s) 
      ------------------------------------------  --------  ---------------  --------------- 
                             i)                                   Nil            262,500 
  --------------------------------------------------------  ---------------  --------------- 
                             ii)                                  60p            123,375 
  --------------------------------------------------------  ---------------  --------------- 
 d)    Aggregated volume:                          As above 
        Price: 
      ------------------------------------------  ------------------------------------------ 
 e)    Date of the Transaction:                    18 June 2021 
      ------------------------------------------  ------------------------------------------ 
 f)    Place of the Transaction:                        i) Off market 
                                                         ii) London Stock Exchange, AIM 
      ------------------------------------------  ------------------------------------------ 
 

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END

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June 18, 2021 07:09 ET (11:09 GMT)

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