Grant of Options

RNS Number : 8204R

Safestyle UK PLC

19 June 2018

 

19 June 2018

Safestyle UK PLC

("Safestyle" or the "Group")

Grant of Options

Safestyle UK plc, the leading retailer and manufacturer of PVCu replacement windows and doors to the UK homeowner market, announces the granting of awards under the Safestyle UK plc 2017 Performance Share Plan ("PSP"), to certain Executive Directors of the Company.

On 18 June 2018, the Company granted to Mike Gallacher (Chief Executive Officer) and Giles Richell (Chief Operating Officer) an aggregate of 1,083,333 nil-cost options over ordinary shares in the Company (the "Options") pursuant to the PSP, subject to performance criteria, as follows:

Executive Director	Grant of new options over ordinary shares	Total number of options over ordinary shares	Director's interest in the Company's issued share capital (exc. options)
Mike Gallacher	733,333	733,333	-
Giles Richell	350,000	391,913	-
Total	1,083,333	1,125,256	-

The Options are subject to the achievement of performance conditions and vest over a period of three years from the date of grant.

The Options are equivalent to 1.3 per cent of the Company's current issued share capital. In total 2,679,527 Options are now outstanding, representing approximately 3.2 per cent of the Company's current issued share capital. The total number of Ordinary Shares currently in issue is 82,789,083.

In addition, the Company also announces that, as announced on 22 March 2018, Robert ("Rob") Neale will join the Board as Chief Financial Officer effective no later than 16 July 2018. Conditional on formally joining, Rob will be awarded 350,000 nil-cost options over ordinary shares in the Company, on the same basis as Mike Gallacher and Giles Richell. A further announcement will be made in due course.

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

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 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	Grant of options over ordinary shares of £0.01
	Identification code	ISIN: JE00BGP63272
b)	Nature of the transaction	Grant of nil-cost options
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil-cost 733,333
d)	Aggregated information: ·Aggregated volume ·Price	n/a
e)	Date of the transaction	18 June 2018
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Giles Richell
2.	Reason for the Notification
a)	Position/status	Chief Operating 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	Grant of options over ordinary shares of £0.01
	Identification code	ISIN: JE00BGP63272
b)	Nature of the transaction	Grant of nil-cost options
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil-cost 350,000
d)	Aggregated information: ·Aggregated volume ·Price	n/a
e)	Date of the transaction	18 June 2018
f)	Place of the transaction	Outside a trading venue

Enquiries:

Safestyle UK plc Mike Gallacher, Chief Executive Officer	via FTI Consulting
Zeus Capital (Nominated Adviser & Joint Broker) Nick How / Dominic King / Richard Short	Tel: [phone]
Liberum Capital Limited (Joint Broker) Neil Patel / Jamie Richards	Tel: [phone]
FTI Consulting (Financial PR) Alex Beagley / James Styles / Laura Saraby	Tel: [phone]

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.

 

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