Exercise of Options, Director Dealing & TVR

RNS Number : 1509Q

Safestyle UK PLC

24 June 2022

 

24 June 2022

Safestyle UK plc

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

Exercise of Options, Director Dealing and Total Voting Rights

Safestyle UK plc, the leading UK focused retailer and manufacturer of PVCu replacement windows and doors for the homeowner market, announces that, on 24 June 2022, it allotted 252,006 new ordinary shares of 1 pence each in the Group ("Shares") following the exercise of nil-cost share options granted under the Safestyle UK plc 2017 Performance Share Plan (the "LTIP 2019 Options"). 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, LTIP 2019 Options over 91,636 Shares and have sold 17,194 Shares to cover their income tax and National Insurance liabilities arising from the exercise.

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

Director / PDMR	Current holding of Shares	Options exercised	Shares sold to cover tax liabilities	New holding of Shares	% of total voting rights in the Company
Mike Gallacher	611,740	56,000	-	667,740	0.48%
Rob Neale	564,125	35,636	17,194	582,567	0.42%

Total Voting Rights

Application has been made to the London Stock Exchange for the 252,006 new Shares to be admitted to trading on AIM ("Admission").  It is expected that Admission will become effective at 8.00 a.m. on 27 June 2022.

Following Admission, the total number of Shares and voting rights in the Company will be 138,867,384. 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 Mike Gallacher, Chief Executive Officer Rob Neale, Chief Financial Officer	via FTI Consulting
Zeus (Nominated Adviser & Joint Broker) Dan Bate / Daniel Harris (Investment Banking) Dominic King (Corporate Broking)	Tel: [phone]
Liberum Capital Limited (Joint Broker) Neil Patel / Jamie Richards	Tel: [phone]
FTI Consulting (Financial PR) Alex Beagley / Sam Macpherson / Amy Goldup	Tel: [phone] [e-mail]

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 instrument: Identification code:	Ordinary shares of £0.01 ISIN JE00BGP63272
b)	Nature of the transaction:	Exercise of nil-cost share options
c)	Price(s) and volume(s):	Price(s)	Volume(s)
		Nil	56,000
d)	Aggregated volume: Price:	As above
e)	Date of the Transaction:	24 June 2022
f)	Place of the Transaction:	Off market

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 instrument: Identification code:	Ordinary shares of £0.01 ISIN JE00BGP63272
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	35,636
		ii)	£0.419	17,194
d)	Aggregated volume: Price:	As above
e)	Date of the Transaction:	i)  24 June 2022 ii)  24 June 2022
f)	Place of the Transaction:	i)  Off market ii)  London Stock Exchange, AIM

 

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