REG - Safestyle UK PLC - Grant of Options

Safestyle UKAnnouncement

16/08/2023 07:00

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RNS Number : 4298J  Safestyle UK PLC  16 August 2023

16 August 2023

 

Safestyle UK plc

 

("Safestyle", the "Company" 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 11 August
2023, the Group granted to Rob Neale (Chief Executive Officer), Phil Joyner
(Chief Financial Officer) and Michelle Williams (Chief People Officer) an
aggregate of 2,276,000 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  No. 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 (excl. options)
 Rob Neale           1,140,000                     0.82%                      1,920,348                                     784,954
 Michelle Williams   560,000                       0.40%                      885,047                                       134,604
 Phil Joyner         576,000                       0.41%                      725,348                                       189,090

 

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 28 December 2025. 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 Annual Report and
Accounts for the year ending 31 December 2023 that will be issued following
the Group's Preliminary Results Announcement at the end of March 2024.

Subject to the achievement of the above targets, these options will vest 3
years from the date of the grant on 12 August 2026.

In total 9,177,238 share options, which includes all existing options issued
under the Group's sharesave schemes, are now outstanding representing
approximately 6.6% 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

 Rob Neale, Chief Executive Officer

 Phil Joyner, Chief Financial Officer

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

 Dan Bate / James Edis (Investment Banking)

 Dominic King (Corporate Broking)

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

 Jamie Richards / William King

 FTI Consulting (Financial PR)                Tel: 0203 727 1000

 Alex Beagley / Sam Macpherson / Amy Goldup

 

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

 

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                                                         Rob Neale

 2    Reason for the notification

 a)   Position/status                                              CEO

 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  Ordinary Shares of £0.01 each

      Identification code

                                                                   ISIN: JE00BGP63272

 b)   Nature of the transaction                                    Grant of nil-cost options

 c)   Price(s) and volume(s)                                        Price   No. of shares
                                                                   Nil      1,140,000

 

 d)   Aggregated information                                       N/A

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      11 August 2023

 f)   Place of the transaction                                     Outside a trading venue

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

N/A

 

 

 

 

e)

Date of the transaction

11 August 2023

 

 

f)

Place of the transaction

Outside a trading venue

 

 

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated

 a)   Name                                                         Michelle Williams

 2    Reason for the notification

 a)   Position/status                                              Chief People 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  Ordinary Shares of £0.01 each

      Identification code

                                                                   ISIN: JE00BGP63272

 b)   Nature of the transaction                                    Grant of nil-cost options

 c)   Price(s) and volume(s)                                        Price   No. of shares
                                                                   Nil      560,000

 

 d)   Aggregated information                                       N/A

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      11 August 2023

 f)   Place of the transaction                                     Outside a trading venue

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

N/A

 

 

 

 

e)

Date of the transaction

11 August 2023

 

 

f)

Place of the transaction

Outside a trading venue

 

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated

 a)   Name                                                         Phil Joyner

 2    Reason for the notification

 a)   Position/status                                              CFO

 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  Ordinary Shares of £0.01 each

      Identification code

                                                                   ISIN: JE00BGP63272

 b)   Nature of the transaction                                    Grant of nil-cost options

 c)   Price(s) and volume(s)                                        Price   No. of shares
                                                                   Nil      576,000

 

 d)   Aggregated information                                       N/A

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      11 August 2023

 f)   Place of the transaction                                     Outside a trading venue

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

N/A

 

 

 

 

e)

Date of the transaction

11 August 2023

 

 

f)

Place of the transaction

Outside a trading venue

 

 

 

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