16 August 2023
Safestyle UK plc
("Safestyle", the "Company" 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 11 August 2023, the Group granted to Rob Neale (Chief Executive Officer), Phil Joyner (Chief Financial Officer) and Michelle Williams (Chief People Officer) an aggregate of 2,276,000 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 | No. 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 (excl. options) |
| Rob Neale | 1,140,000 | 0.82% | 1,920,348 | 784,954 |
| Michelle Williams | 560,000 | 0.40% | 885,047 | 134,604 |
| Phil Joyner | 576,000 | 0.41% | 725,348 | 189,090 |
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 28 December 2025. The two 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 Annual Report and Accounts for the year ending 31 December 2023 that will be issued following the Group's Preliminary Results Announcement at the end of March 2024.
Subject to the achievement of the above targets, these options will vest 3 years from the date of the grant on 12 August 2026.
In total 9,177,238 share options, which includes all existing options issued under the Group's sharesave schemes, are now outstanding representing approximately 6.6% 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 Rob Neale, Chief Executive Officer Phil Joyner, Chief Financial Officer
| via FTI Consulting |
| Zeus (Nominated Adviser & Joint Broker) Dan Bate / James Edis (Investment Banking) Dominic King (Corporate Broking)
| Tel: 0203 829 5000 |
| Liberum Capital Limited (Joint Broker) Jamie Richards / William King
| Tel: 0203 100 2100 |
| FTI Consulting (Financial PR) Alex Beagley / Sam Macpherson / Amy Goldup
| Tel: 0203 727 1000 |
The notification below is made in accordance with the requirements of the EU Market Abuse Regulation.
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 | Rob Neale
| ||||
| 2 | Reason for the notification
| |||||
| a) | Position/status
| CEO | ||||
| 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
Identification code | Ordinary Shares of £0.01 each
ISIN: JE00BGP63272
| ||||
| b) | Nature of the transaction | Grant of nil-cost options
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | N/A
| ||||
| e) | Date of the transaction | 11 August 2023
| ||||
| f) | Place of the transaction | Outside a trading venue
| ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a) | Name | Michelle Williams
| ||||
| 2 | Reason for the notification
| |||||
| a) | Position/status
| Chief People 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
Identification code | Ordinary Shares of £0.01 each
ISIN: JE00BGP63272
| ||||
| b) | Nature of the transaction | Grant of nil-cost options
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | N/A
| ||||
| e) | Date of the transaction | 11 August 2023
| ||||
| f) | Place of the transaction | Outside a trading venue
| ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a) | Name | Phil Joyner
| ||||
| 2 | Reason for the notification
| |||||
| a) | Position/status
| CFO | ||||
| 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
Identification code | Ordinary Shares of £0.01 each
ISIN: JE00BGP63272
| ||||
| b) | Nature of the transaction | Grant of nil-cost options
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | N/A
| ||||
| e) | Date of the transaction | 11 August 2023
| ||||
| f) | Place of the transaction | Outside a trading venue
| ||||
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