Grant of Options

Safestyle UK PLC

16 August 2023

 

16 August 2023

Safestyle UK plc

("Safestyle", the "Company" 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 11 August 2023, the Group granted to Rob Neale (Chief Executive Officer), Phil Joyner (Chief Financial Officer) and Michelle Williams (Chief People Officer) an aggregate of 2,276,000 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	No. shares subject to option	% of issued share capital	Total number of options over ordinary shares	Director's interest in the Group's issued share capital (excl. options)
Rob Neale	1,140,000	0.82%	1,920,348	784,954
Michelle Williams	560,000	0.40%	885,047	134,604
Phil Joyner	576,000	0.41%	725,348	189,090

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 28 December 2025. 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 Annual Report and Accounts for the year ending 31 December 2023 that will be issued following the Group's Preliminary Results Announcement at the end of March 2024.

Subject to the achievement of the above targets, these options will vest 3 years from the date of the grant on 12 August 2026.

In total 9,177,238 share options, which includes all existing options issued under the Group's sharesave schemes, are now outstanding representing approximately 6.6% 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 Rob Neale, Chief Executive Officer Phil Joyner, Chief Financial Officer	via FTI Consulting
Zeus (Nominated Adviser & Joint Broker) Dan Bate / James Edis (Investment Banking) Dominic King (Corporate Broking)	Tel: [phone]
Liberum Capital Limited (Joint Broker) Jamie Richards / William King	Tel: [phone]
FTI Consulting (Financial PR) Alex Beagley / Sam Macpherson / Amy Goldup	Tel: [phone]

The notification below is made in accordance with the requirements of the EU Market Abuse Regulation.

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	Rob Neale
2	Reason for the notification
a)	Position/status	CEO
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Safestyle UK plc
b)	LEI	213800N1ZQBB3E7P8W75
4	Details of the 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, type of instrument Identification code	Ordinary Shares of £0.01 each ISIN: JE00BGP63272
b)	Nature of the transaction	Grant of nil-cost options
c)	Price(s) and volume(s)	Price No. of shares Nil 1,140,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	11 August 2023
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michelle Williams
2	Reason for the notification
a)	Position/status	Chief People Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Safestyle UK plc
b)	LEI	213800N1ZQBB3E7P8W75
4	Details of the 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, type of instrument Identification code	Ordinary Shares of £0.01 each ISIN: JE00BGP63272
b)	Nature of the transaction	Grant of nil-cost options
c)	Price(s) and volume(s)	Price No. of shares Nil 560,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	11 August 2023
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Phil Joyner
2	Reason for the notification
a)	Position/status	CFO
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Safestyle UK plc
b)	LEI	213800N1ZQBB3E7P8W75
4	Details of the 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, type of instrument Identification code	Ordinary Shares of £0.01 each ISIN: JE00BGP63272
b)	Nature of the transaction	Grant of nil-cost options
c)	Price(s) and volume(s)	Price No. of shares Nil 576,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	11 August 2023
f)	Place of the transaction	Outside a trading venue

 

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