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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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