Exercise of Options, Director Dealing & TVR

RNS Number : 3726J

Safestyle UK PLC

20 August 2021

 

20 August 2021

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018.  Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

Safestyle UK plc

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

Exercise of Options, Director Dealing and Total Voting Rights

Safestyle UK plc, the leading retailer and manufacturer of PVCu replacement windows and doors for the UK homeowner market, announces that, on 20 August 2021, it allotted 250,000 new ordinary shares of 1 pence each in the Group ("Shares") to Alan Lovell, Non-executive Chairman of Safestyle, following the exercise of nil-cost share options, as disclosed in the RNS announcement dated 20 December 2018.  

Following the dealings described above, Alan Lovell's interests in the Company are set out below:

Director / PDMR	Previous holding of Shares	Options exercised	New holding of Shares	% of total voting rights in the Company
Alan Lovell	450,000	250,000	700,000	0.50%

Total Voting Rights

Application has been made to the London Stock Exchange for the 250,000 new Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective at 8.00 a.m. on 26 August 2021.

Following Admission, the total number of Shares and voting rights in the Company will be 138,615,378. 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 Capital Limited (Nominated Adviser & Joint Broker) Dan Bate / Daniel Harris / Dominic King	Tel: [phone]
Liberum Capital Limited (Joint Broker) Neil Patel / Jamie Richards	Tel: [phone]
FTI Consulting (Financial PR) Alex Beagley / James Styles / Sam Macpherson	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:	Alan Lovell
2	Reason for the notification
a)	Position/Status:	Non-executive Chairman
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	250,000
d)	Aggregated volume: Price:	As above
e)	Date of the Transaction:	20 August 2021
f)	Place of the Transaction:	Off market

 

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