24 June 2022
Safestyle UK plc
("Safestyle", the "Company" or the "Group")
Exercise of Options, Director Dealing and Total Voting Rights
Safestyle UK plc, the leading UK focused retailer and manufacturer of PVCu replacement windows and doors for the homeowner market, announces that, on 24 June 2022, it allotted 252,006 new ordinary shares of 1 pence each in the Group ("Shares") following the exercise of nil-cost share options granted under the Safestyle UK plc 2017 Performance Share Plan (the "LTIP 2019 Options"). The allotment has been made to two Directors of the Company, Mike Gallacher (Chief Executive Office) and Rob Neale (Chief Financial Officer) (together the "Exercising PDMRs"), as well as other Group employees.
The Exercising PDMRs have exercised, in aggregate, LTIP 2019 Options over 91,636 Shares and have sold 17,194 Shares to cover their income tax and National Insurance liabilities arising from the exercise.
Following the dealings described above, the Exercising PDMRs' beneficial interests in the Company are set out below:
| Director / PDMR | Current holding of Shares
| Options exercised | Shares sold to cover tax liabilities | New holding of Shares | % of total voting rights in the Company |
| Mike Gallacher | 611,740 | 56,000 | - | 667,740 | 0.48% |
| Rob Neale | 564,125 | 35,636 | 17,194 | 582,567 | 0.42% |
Total Voting Rights
Application has been made to the London Stock Exchange for the 252,006 new Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective at 8.00 a.m. on 27 June 2022.
Following Admission, the total number of Shares and voting rights in the Company will be 138,867,384. There are no Shares held in treasury. 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 share capital of the Company under the FCA's Disclosure and Transparency Rules.
Enquiries:
| Safestyle UK plc Mike Gallacher, Chief Executive Officer Rob Neale, Chief Financial Officer
| via FTI Consulting |
| Zeus (Nominated Adviser & Joint Broker) Dan Bate / Daniel Harris (Investment Banking) Dominic King (Corporate Broking)
| Tel: 0203 829 5000 |
| Liberum Capital Limited (Joint Broker) Neil Patel / Jamie Richards
| Tel: 0203 100 2100 |
| FTI Consulting (Financial PR) Alex Beagley / Sam Macpherson / Amy Goldup
| Tel: 0203 727 1000 safestyle@fticonsulting.com |
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.
The notification below is made in accordance with the requirements of the EU Market Abuse Regulation as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018.
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: |
| |||
| 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:
| Exercise of nil-cost share options
| |||
| c) | Price(s) and volume(s): | Price(s) | Volume(s) | ||
| Nil | 56,000 | ||||
| d) | Aggregated volume: Price: | As above | |||
| e) | Date of the Transaction: | 24 June 2022 | |||
| f) | Place of the Transaction: | Off market
| |||
| 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: |
| ||||
| 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:
| i) Exercise of nil-cost share options ii) Sale of shares to satisfy tax liabilities | ||||
| c) | Price(s) and volume(s): |
| Price(s) | Volume(s) | ||
| i) | Nil | 35,636 | ||||
| ii) | £0.419 | 17,194 | ||||
| d) | Aggregated volume: Price: | As above | ||||
| e) | Date of the Transaction: | i) 24 June 2022 ii) 24 June 2022 | ||||
| f) | Place of the Transaction: | i) Off market ii) London Stock Exchange, AIM | ||||
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