Grant of Options

RNS Number : 7382D

Safestyle UK PLC

28 June 2019

 

28 June 2019

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 Executive Directors of the Company.

On 27 June 2019, the Company granted to Mike Gallacher (Chief Executive Officer) and Rob Neale (Chief Financial Officer) an aggregate of 327,273 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	200,000	933,333	50,000
Rob Neale	127,273	477,273	50,000

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 0.40 per cent. of the Company's current issued share capital. In total 5,447,525 Options are now outstanding, representing approximately 6.6 per cent of the Company's current issued share capital. The total number of Ordinary Shares currently in issue is 82,789,083.

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 200,000
d)	Aggregated information: ·Aggregated volume ·Price	n/a
e)	Date of the transaction	27 June 2019
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Robert 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 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 127,273
d)	Aggregated information: ·Aggregated volume ·Price	n/a
e)	Date of the transaction	27 June 2019
f)	Place of the transaction	Outside a trading venue

Enquiries:

Safestyle UK plc Mike Gallacher, Chief Executive Officer Rob Neale, Chief Financial Officer	via FTI Consulting
Zeus Capital (Nominated Adviser & Joint Broker) Dan Bate / Andrew Jones / Dominic King	Tel: [phone]
Liberum Capital Limited (Joint Broker) Neil Patel / Jamie Richards	Tel: [phone]
FTI Consulting (Financial PR) Alex Beagley / James Styles	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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