REG - Safestyle UK PLC - Grant of Options

Safestyle UKAnnouncement

23/02/2021 07:01

RNS Number : 9624P
  
Safestyle UK PLC
  
23 February 2021
  
 

23 February 2021
 
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 22 February 2021, the Group granted to Mike Gallacher (Chief Executive Office) and Rob Neale (Chief Financial Officer) an aggregate of 480,000 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 Company's issued share capital (exc. options)




Mike Gallacher 


275,000


0.20%


1,025,000


320,240




Rob Neale 


205,000


0.15%


594,773


325,000



 
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 31 December 2022.  The two 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 31 December 2020 that will be issued following the Group's Preliminary Results Announcement at the end of March 2021.  
 
Subject to the achievement of the above targets, these options will vest three years from the date of the grant on 22 February 2024.  
 
In total 6,150,816 share options, which includes all existing options issued under the Group's sharesave schemes, are now outstanding representing approximately 4.5% of the Company's current issued share capital.  The total number of Ordinary Shares currently in issue is 136,808,896.
 
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 Capital Limited (Nominated Adviser & Joint Broker)
Dan Bate / Daniel Harris / Dominic King
 


Tel: 0203 829 5000




Liberum Capital Limited (Joint Broker)
Neil Patel / Jamie Richards 
 


Tel: 0203 100 2100




FTI Consulting (Financial PR)
Alex Beagley / James Styles / Sam Macpherson 
 


Tel: 0203 727 1000



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


275,000




d) 


Aggregated volume:
Price:


N/A




e)


Date of the Transaction:


22 February 2021




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


205,000




d) 


Aggregated volume:
Price:


N/A




e)


Date of the Transaction:


22 February 2021




f)


Place of the Transaction:


Outside a trading venue



 

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