Safestyle UK PLC Exercise of Options, Director Dealing & TVR (1509Q)

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RNS Number : 1509Q

Safestyle UK PLC

24 June 2022

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          Current      Options      Shares         New holding   % of total 
  / PDMR            holding      exercised    sold to        of Shares     voting rights 
                    of Shares                 cover tax                    in the Company 
                                              liabilities 
 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                              via FTI Consulting 
  Mike Gallacher, Chief Executive Officer 
  Rob Neale, Chief Financial Officer 
 Zeus (Nominated Adviser & Joint Broker)       Tel: [phone] 
  Dan Bate / Daniel Harris (Investment 
  Banking) 
  Dominic King (Corporate Broking) 
 Liberum Capital Limited (Joint Broker)        Tel: [phone] 
  Neil Patel / Jamie Richards 
 FTI Consulting (Financial PR)                 Tel: [phone] 
  Alex Beagley / Sam Macpherson / Amy Goldup    [e-mail] 
 

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:                                             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                   Ordinary shares of GBP0.01 
        instrument:                                    ISIN JE00BGP63272 
        Identification code: 
      ---------------------------------------------  ------------------------------------------------------- 
 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:                             As above 
        Price: 
      ---------------------------------------------  ------------------------------------------------------- 
 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:                                          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                Ordinary shares of GBP0.01 
        instrument:                                 ISIN JE00BGP63272 
        Identification code: 
      ------------------------------------------  ------------------------------------------- 
 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)                                GBP0.419                                   17,194 
  --------  ----------------------------------------------------------------  --------------- 
 d)    Aggregated volume:                          As above 
        Price: 
      ------------------------------------------  ------------------------------------------- 
 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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June 24, 2022 07:32 ET (11:32 GMT)