Block Admission and Issue of Shares

RNS Number : 5758D

Safestyle UK PLC

27 April 2017

 

27 April 2017

Safestyle UK plc

("Safestyle" or the "Company")

Block Admission and Issue of Shares

Safestyle UK plc (AIM: SAFE), the leading UK-focused retailer and manufacturer of PVCu replacement windows and doors for the homeowner market, announces that application has been made for the block admission of 198,702 new ordinary shares of £0.01 each in the Company (the "Shares"), which is the maximum number of new Shares that may be issued from time to time pursuant to the exercise of options under the Safestyle Approved SAYE Scheme 2014 (the "SAYE Scheme").  New Shares issued under the block listing will be fully paid and will rank pari passu in all respects with the existing issued ordinary shares of the Company.  It is expected that admission is expected to occur at 8.00am on 2 May 2017.

The Board of Safestyle announces that today it has issued 177,513 new Shares pursuant to the first allotment to certain employees under the SAYE Scheme.  This leaves a balance of 21,189 new Shares that remain to be issued under the SAYE Scheme. 

Following the issue of the new Shares, the Company's total issued share capital will consist of 82,984,083 Shares with one voting right per share. The Company does not hold any Shares in Treasury. Therefore, following the issue of the New Shares, the total number of voting rights in the Company will be 82,984,083. 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 Company under the FCA's Disclosure and Transparency Rules.

Enquiries:

Safestyle UK plc	Tel: [phone]
Steve Birmingham (Chief Executive Officer)
Mike Robinson (Chief Financial Officer)
Zeus Capital (Nominated Adviser & Broker)	Tel: [phone]
Nicholas How / Dominic King
Liberum Capital Limited (Joint Broker)	Tel: [phone]
Neil Patel
FTI Consulting (Financial PR)	Tel: [phone]
Oliver Winters / Alex Beagley / James Styles

 

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