Grant of Options

RNS Number : 1881Y

Safestyle UK PLC

05 September 2022

 

5 September 2022

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 2 September 2022, the Group granted to Mike Gallacher (Chief Executive Office) and Rob Neale (Chief Financial Officer) an aggregate of 1,322,737 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 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 (exc. options)
Mike Gallacher	813,158	0.59%	1,549,696	667,740
Rob Neale	509,579	0.37%	985,348	582,567

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 29 December 2024.  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 1 January 2023 that will be issued following the Group's Preliminary Results Announcement at the end of March 2023. 

Subject to the achievement of the above targets, these options will vest 3 years from the date of the grant on 2 September 2025. 

In total 7,347,357 share options, which includes all existing options issued under the Group's sharesave schemes, are now outstanding representing approximately 5.3% 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 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]

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 instrument: Identification code:	Ordinary shares of £0.01 ISIN JE00BGP63272
b)	Nature of the transaction:	Grant of nil-cost share option
c)	Price(s) and volume(s):	Price(s)	Volume(s)
		Nil-cost	813,158
d)	Aggregated volume: Price:	N/A
e)	Date of the Transaction:	2 September 2022
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 instrument: Identification code:	Ordinary shares of £0.01 ISIN JE00BGP63272
b)	Nature of the transaction:	Grant of nil-cost share option
c)	Price(s) and volume(s):	Volume(s)	Volume(s)
		Nil-cost	509,579
d)	Aggregated volume: Price:	N/A
e)	Date of the Transaction:	2 September 2022
f)	Place of the Transaction:	Outside a trading venue

 

END

 

 

DSHBKQBQABKDNCK