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REG - Safestyle UK PLC - Exercise of Options, Director Dealing & TVR

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RNS Number : 1509Q  Safestyle UK PLC  24 June 2022

24 June 2022

 

 

Safestyle UK plc

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

Exercise of Options, Director Dealing and Total Voting Rights

Safestyle UK plc, the leading UK focused retailer and manufacturer of PVCu
replacement windows and doors for the homeowner market, announces that, on 24
June 2022, it allotted 252,006 new ordinary shares of 1 pence each in the
Group ("Shares") following the exercise of nil-cost share options granted
under the Safestyle UK plc 2017 Performance Share Plan (the "LTIP 2019
Options"). The allotment has been made to two Directors of the Company, Mike
Gallacher (Chief Executive Office) and Rob Neale (Chief Financial Officer)
(together the "Exercising PDMRs"), as well as other Group employees.

The Exercising PDMRs have exercised, in aggregate, LTIP 2019 Options over
91,636 Shares and have sold 17,194 Shares to cover their income tax and
National Insurance liabilities arising from the exercise.

Following the dealings described above, the Exercising PDMRs' beneficial
interests in the Company are set out below:

 Director / PDMR  Current holding of Shares  Options exercised  Shares sold to cover tax liabilities  New holding of Shares  % of total voting rights in the Company

 Mike Gallacher   611,740                    56,000             -                                     667,740                0.48%
 Rob Neale        564,125                    35,636             17,194                                582,567                0.42%

 

Total Voting Rights

Application has been made to the London Stock Exchange for the 252,006 new
Shares to be admitted to trading on AIM ("Admission").  It is expected that
Admission will become effective at 8.00 a.m. on 27 June 2022.

 

Following Admission, the total number of Shares and voting rights in the
Company will be 138,867,384. 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                                via FTI Consulting

 Mike Gallacher, Chief Executive Officer

 Rob Neale, Chief Financial Officer

 Zeus (Nominated Adviser & Joint Broker)         Tel: 0203 829 5000

 Dan Bate / Daniel Harris (Investment Banking)

 Dominic King (Corporate Broking)

 Liberum Capital Limited (Joint Broker)          Tel: 0203 100 2100

 Neil Patel / Jamie Richards

 FTI Consulting (Financial PR)                   Tel: 0203 727 1000

 Alex Beagley / Sam Macpherson / Amy Goldup      safestyle@fticonsulting.com

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 (http://www.safestyleukplc.co.uk) or
www.safestyle-windows.co.uk (http://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:                                     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:  Ordinary shares of £0.01

     Identification code:                      ISIN JE00BGP63272
 b)  Nature of the transaction:                Exercise of nil-cost share options

 c)  Price(s) and volume(s):                   Price(s)                    Volume(s)
     Nil                                                                   56,000
 d)  Aggregated volume:                        As above

     Price:
 e)  Date of the Transaction:                  24 June 2022
 f)  Place of the Transaction:                 Off market

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

56,000

d)

Aggregated volume:

Price:

As above

e)

Date of the Transaction:

24 June 2022

f)

Place of the Transaction:

Off market

 

 

 

 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:  Ordinary shares of £0.01

     Identification code:                      ISIN JE00BGP63272
 b)  Nature of the transaction:                i)             Exercise of nil-cost share options

                                               ii)            Sale of shares to satisfy tax liabilities
 c)  Price(s) and volume(s):                                            Price(s)                 Volume(s)
     i)                                                                 Nil                      35,636
     ii)                                                                £0.419                   17,194
 d)  Aggregated volume:                        As above

     Price:
 e)  Date of the Transaction:                  i)             24 June 2022

                                               ii)            24 June 2022
 f)  Place of the Transaction:                 i)             Off market

                                               ii)            London Stock Exchange, AIM

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:

 

i)             Exercise of nil-cost share options

ii)            Sale of shares to satisfy tax liabilities

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

i)

Nil

35,636

ii)

£0.419

17,194

d)

Aggregated volume:

Price:

As above

e)

Date of the Transaction:

i)             24 June 2022

ii)            24 June 2022

f)

Place of the Transaction:

i)             Off market

ii)            London Stock Exchange, AIM

 

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