Safestyle UK PLC Grant of Options (9624P)
23 Febrero 2021 - 1:00AM
UK Regulatory
TIDMSFE
RNS Number : 9624P
Safestyle UK PLC
23 February 2021
23 February 2021
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 22 February 2021, the Group granted to Mike
Gallacher (Chief Executive Office) and Rob Neale (Chief Financial
Officer) an aggregate of 480,000 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
Shares subject share capital of options interest
to option over Ordinary in the Company's
Shares issued share
capital
(exc. options)
Mike Gallacher 275,000 0.20% 1,025,000 320,240
---------------- --------------- --------------- ------------------
Rob Neale 205,000 0.15% 594,773 325,000
---------------- --------------- --------------- ------------------
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 31 December 2022. The two 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 31 December 2020 that will
be issued following the Group's Preliminary Results Announcement at
the end of March 2021.
Subject to the achievement of the above targets, these options
will vest three years from the date of the grant on 22 February
2024.
In total 6,150,816 share options, which includes all existing
options issued under the Group's sharesave schemes, are now
outstanding representing approximately 4.5% of the Company's
current issued share capital. The total number of Ordinary Shares
currently in issue is 136,808,896.
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 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
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 275,000
------------------------------------------------------------------- ----------------
d) Aggregated volume: N/A
Price:
--------------------------------------------- ----------------------------------
e) Date of the Transaction: 22 February 2021
--------------------------------------------- ----------------------------------
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 205,000
------------------------------------------------------------------- ---------------
d) Aggregated volume: N/A
Price:
-------------------------------------------- ----------------------------------
e) Date of the Transaction: 22 February 2021
-------------------------------------------- ----------------------------------
f) Place of the Transaction: Outside a trading venue
-------------------------------------------- ----------------------------------
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END
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