5 September 2022
Safestyle UK plc
("Safestyle" 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 2 September 2022, the Group granted to Mike Gallacher (Chief Executive Office) and Rob Neale (Chief Financial Officer) an aggregate of 1,322,737 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 | Number of 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 (exc. options) |
| Mike Gallacher | 813,158 | 0.59% | 1,549,696 | 667,740 |
| Rob Neale | 509,579 | 0.37% | 985,348 | 582,567 |
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 29 December 2024. The 2 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 Annal Report and Accounts for the year ending 1 January 2023 that will be issued following the Group's Preliminary Results Announcement at the end of March 2023.
Subject to the achievement of the above targets, these options will vest 3 years from the date of the grant on 2 September 2025.
In total 7,347,357 share options, which includes all existing options issued under the Group's sharesave schemes, are now outstanding representing approximately 5.3% 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 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 |
|
| |
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: |
| |||
| 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 | 813,158 | ||||
| d) | Aggregated volume: Price: | N/A | |||
| e) | Date of the Transaction: | 2 September 2022 | |||
| 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: |
| ||
| 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 | 509,579 | |||
| d) | Aggregated volume: Price: | N/A | ||
| e) | Date of the Transaction: | 2 September 2022 | ||
| f) | Place of the Transaction: | Outside a trading venue | ||
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.