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RNS Number : 6106B

Safestyle UK PLC

11 June 2021

11 June 2021

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

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 10 June 2021, the Group granted to Mike Gallacher (Chief Executive Office) and Rob Neale (Chief Financial Officer) an aggregate of 732,307 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        461,538           0.34%            1,486,538        320,240 
                      ----------------  ---------------  ---------------  ------------------ 
 Rob Neale             270,769           0.20%            865,542          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 2023. 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 31 December 2021 that will be issued following the Group's Preliminary Results Announcement at the end of March 2022.

Subject to the achievement of the above targets, these options will vest 3 years from the date of the grant on 10 June 2024.

In total 7,738,326 share options, which includes all existing options issued under the Group's sharesave schemes, are now outstanding representing approximately 5.7% per cent 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                                    461,538 
  -------------------------------------------------------------------  ---------------- 
 d)    Aggregated volume:                             N/A 
        Price: 
      ---------------------------------------------  ---------------------------------- 
 e)    Date of the Transaction:                       10 June 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                                   270,769 
  -------------------------------------------------------------------  --------------- 
 d)    Aggregated volume:                            N/A 
        Price: 
      --------------------------------------------  ---------------------------------- 
 e)    Date of the Transaction:                      10 June 2021 
      --------------------------------------------  ---------------------------------- 
 f)    Place of the Transaction:                     Outside a trading venue 
      --------------------------------------------  ---------------------------------- 
 
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END

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June 11, 2021 02:00 ET (06:00 GMT)

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