REG - Safestyle UK PLC - Grant of Options

Safestyle UKAnnouncement

05/09/2022 07:00

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RNS Number : 1881Y  Safestyle UK PLC  05 September 2022

5 September 2022

 

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 2 September
2022, the Group granted to Mike Gallacher (Chief Executive Office) and Rob
Neale (Chief Financial Officer) an aggregate of 1,322,737 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 Group's issued share capital (exc. options)
 Mike Gallacher      813,158                             0.59%                      1,549,696                                     667,740
 Rob Neale           509,579                             0.37%                      985,348                                       582,567

 

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 29 December 2024.  The 2 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 1 January 2023 that will be issued following the
Group's Preliminary Results Announcement at the end of March 2023.

 

Subject to the achievement of the above targets, these options will vest 3
years from the date of the grant on 2 September 2025.

 

In total 7,347,357 share options, which includes all existing options issued
under the Group's sharesave schemes, are now outstanding representing
approximately 5.3% per cent of the Group's current issued share capital.  The
total number of ordinary shares currently in issue is 138,867,384.

 

The FCA notification, made in accordance with the requirements of the EU
Market Abuse Regulation is appended below.

 

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

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) .

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:                Grant of nil-cost share option

 c)  Price(s) and volume(s):                   Price(s)                    Volume(s)
     Nil-cost                                                              813,158
 d)  Aggregated volume:                        N/A

     Price:
 e)  Date of the Transaction:                  2 September 2022
 f)  Place of the Transaction:                 Outside a trading venue

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

813,158

d)

Aggregated volume:

Price:

N/A

e)

Date of the Transaction:

2 September 2022

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:  Ordinary shares of £0.01

     Identification code:                      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                                                              509,579
 d)  Aggregated volume:                        N/A

     Price:
 e)  Date of the Transaction:                  2 September 2022
 f)  Place of the Transaction:                 Outside a trading venue

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

509,579

d)

Aggregated volume:

Price:

N/A

e)

Date of the Transaction:

2 September 2022

f)

Place of the Transaction:

Outside a trading venue

 

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