Share Name Share Symbol Market Type Share ISIN Share Description
Safestyle Uk Plc LSE:SFE London Ordinary Share JE00BGP63272 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 47.60 47.60 49.00 0.00 0.00 0.00 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 116.4 -16.3 -16.1 - 39

Safestyle UK PLC Grant of Options

28/06/2019 7:01am

UK Regulatory (RNS & others)


Safestyle Uk (LSE:SFE)
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RNS Number : 7382D

Safestyle UK PLC

28 June 2019

28 June 2019

Safestyle UK PLC

("Safestyle" or the "Group")

Grant of Options

Safestyle UK plc, the leading retailer and manufacturer of PVCu replacement windows and doors to the UK homeowner market, announces the granting of awards under the Safestyle UK plc 2017 Performance Share Plan ("PSP"), to Executive Directors of the Company.

On 27 June 2019, the Company granted to Mike Gallacher (Chief Executive Officer) and Rob Neale (Chief Financial Officer) an aggregate of 327,273 nil-cost options over ordinary shares in the Company (the "Options") pursuant to the PSP, subject to performance criteria, as follows:

 
 Executive Director    Grant of new       Total number       Director's interest 
                        options over       of options over    in the Company's 
                        Ordinary Shares    Ordinary Shares    issued share 
                                                              capital (exc. 
                                                              options) 
 Mike Gallacher        200,000            933,333            50,000 
                      -----------------  -----------------  -------------------- 
 Rob Neale             127,273            477,273            50,000 
                      -----------------  -----------------  -------------------- 
 

The Options are subject to the achievement of performance conditions and vest over a period of three years from the date of grant.

The Options are equivalent to 0.40 per cent. of the Company's current issued share capital. In total 5,447,525 Options are now outstanding, representing approximately 6.6 per cent of the Company's current issued share capital. The total number of Ordinary Shares currently in issue is 82,789,083.

The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation is appended below.

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 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                        Grant of options 
        the Financial                          over ordinary shares 
        instrument, type                       of GBP0.01 
        of instrument 
       Identification                      ISIN: JE00BGP63272 
        code 
      ----------------------------------  ---------------------------- 
 b)    Nature of the                        Grant of nil-cost options 
        transaction 
      ----------------------------------  ---------------------------- 
 c)    Price(s) and volume(s)               Price(s)    Volume(s) 
                                             Nil-cost    200,000 
                                                        ---------- 
      ----------------------------------  ---------------------------- 
 d)    Aggregated information:             n/a 
        --Aggregated volume 
        --Price 
      ----------------------------------  ---------------------------- 
 e)    Date of the transaction             27 June 2019 
      ----------------------------------  ---------------------------- 
 f)    Place of the transaction            Outside a trading venue 
      ----------------------------------  ---------------------------- 
 
 
  1.   Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                Robert 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 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                        Grant of options 
        the Financial                          over ordinary shares 
        instrument, type                       of GBP0.01 
        of instrument 
       Identification                      ISIN: JE00BGP63272 
        code 
      ----------------------------------  ---------------------------- 
 b)    Nature of the                        Grant of nil-cost options 
        transaction 
      ----------------------------------  ---------------------------- 
 c)    Price(s) and volume(s)               Price(s)    Volume(s) 
                                             Nil-cost    127,273 
                                                        ---------- 
      ----------------------------------  ---------------------------- 
 d)    Aggregated information:             n/a 
        --Aggregated volume 
        --Price 
      ----------------------------------  ---------------------------- 
 e)    Date of the transaction             27 June 2019 
      ----------------------------------  ---------------------------- 
 f)    Place of the transaction            Outside a trading venue 
      ----------------------------------  ---------------------------- 
 

Enquiries:

 
 Safestyle UK plc                           via FTI Consulting 
  Mike Gallacher, Chief Executive Officer 
  Rob Neale, Chief Financial Officer 
 Zeus Capital (Nominated Adviser & Joint    Tel: 0203 829 5000 
  Broker) 
  Dan Bate / Andrew Jones / Dominic King 
 Liberum Capital Limited (Joint Broker)     Tel: 0203 100 2100 
  Neil Patel / Jamie Richards 
 FTI Consulting (Financial PR)              Tel: 0203 727 1000 
  Alex Beagley / James Styles 
 

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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June 28, 2019 02:01 ET (06:01 GMT)

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