Grant of Options

RNS Number : 9811C

Safestyle UK PLC

23 October 2020

 

23 October 2020

Safestyle UK plc

("Safestyle" or the "Company")

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 21 October 2020, the Company granted options over 1,556,482 ordinary shares of 1 pence each in the Company ("Shares") under the Safestyle UK plc 2017 Performance Share Plan.  The following options over Shares were granted to Directors of the Company:

Name of individual	Director/PDMR	Type of option	Number of Shares subject to option	% of issued share capital
Mike Gallacher	Director	Nil-cost option	550,000	0.4%
Rob Neale	Director	Nil-cost option	262,500	0.2%

The options are subject to continued employment and are exercisable from 18 June 2021 (save that, prior to 18 June 2022, participants may only sell Shares in order to meet any income tax and National Insurance liabilities arising in connection with the exercise) to 21 October 2030.  The options have been granted "in parallel" to the options granted on 18 June 2018 (in the case of Mike Gallacher) and 15 August 2018 (in the case of Rob Neale) and are not capable of exercise if the 2018 option is exercised.  Equivalent options have been granted to a further 23 key members of management.

The Company is currently reviewing its strategy around its future executive performance share plans and will update the market on its plans in due course.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further details.

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: [phone]
Liberum Capital Limited (Joint Broker) Neil Patel / Jamie Richards	Tel: [phone]
FTI Consulting (Financial PR) Alex Beagley / James Styles / Sam Macpherson	Tel: [phone]

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	550,000
d)	Aggregated volume: Price:	N/A
e)	Date of the Transaction:	21 October 2020
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	262,500
d)	Aggregated volume: Price:	N/A
e)	Date of the Transaction:	21 October 2020
f)	Place of the Transaction:	Outside a trading venue

 

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