Grant of Options

RNS Number : 8204R
Safestyle UK PLC
19 June 2018
 

19 June 2018

Safestyle UK PLC

("Safestyle" or the "Group")

Grant of Options

 

Safestyle UK plc, the leading retailer and manufacturer of PVCu replacement windows and doors to the UK homeowner market, announces the granting of awards under the Safestyle UK plc 2017 Performance Share Plan ("PSP"), to certain Executive Directors of the Company.

 

On 18 June 2018, the Company granted to Mike Gallacher (Chief Executive Officer) and Giles Richell (Chief Operating Officer) an aggregate of 1,083,333 nil-cost options over ordinary shares in the Company (the "Options") pursuant to the PSP, subject to performance criteria, as follows:

 

Executive Director

Grant of new options over ordinary shares

Total number of options over ordinary shares

Director's interest in the Company's issued share capital (exc. options)

Mike Gallacher

733,333

 

733,333

-

Giles Richell

 

350,000

391,913

-

Total

 

1,083,333

1,125,256

-

 

The Options are subject to the achievement of performance conditions and vest over a period of three years from the date of grant.

The Options are equivalent to 1.3 per cent of the Company's current issued share capital. In total 2,679,527 Options are now outstanding, representing approximately 3.2 per cent of the Company's current issued share capital. The total number of Ordinary Shares currently in issue is 82,789,083.

In addition, the Company also announces that, as announced on 22 March 2018, Robert ("Rob") Neale will join the Board as Chief Financial Officer effective no later than 16 July 2018. Conditional on formally joining, Rob will be awarded 350,000 nil-cost options over ordinary shares in the Company, on the same basis as Mike Gallacher and Giles Richell. A further announcement will be made in due course.

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

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 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

 

Grant of options over ordinary shares of £0.01

 

Identification code

ISIN: JE00BGP63272

b)

Nature of the transaction

Grant of nil-cost options

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil-cost

733,333

 

d)

Aggregated information:

·Aggregated volume

·Price

n/a

e)

Date of the transaction

18 June 2018

f)

Place of the transaction

Outside a trading venue

 

 

 

1.               

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Giles Richell

2.               

Reason for the Notification

a)

Position/status

Chief Operating 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

 

Grant of options over ordinary shares of £0.01

 

Identification code

ISIN: JE00BGP63272

b)

Nature of the transaction

Grant of nil-cost options

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil-cost

350,000

 

d)

Aggregated information:

·Aggregated volume

·Price

n/a

e)

Date of the transaction

18 June 2018

f)

Place of the transaction

Outside a trading venue

 

 

 

Enquiries:

Safestyle UK plc

Mike Gallacher, Chief Executive Officer

 

via FTI Consulting

Zeus Capital (Nominated Adviser & Joint Broker)

Nick How / Dominic King / Richard Short

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 / Laura Saraby

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.

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHSFSSMUFASESM

Companies

Safestyle UK (SFE)
UK 100

Latest directors dealings