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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
  -0.10 -0.21% 48.40 47.30 49.50 49.90 47.10 48.60 230,922 16:35:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 126.2 -3.8 -4.0 - 64

Safestyle UK PLC Grant of Options

23/02/2021 7:00am

UK Regulatory (RNS & others)


Safestyle Uk (LSE:SFE)
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RNS Number : 9624P

Safestyle UK PLC

23 February 2021

23 February 2021

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 22 February 2021, the Group granted to Mike Gallacher (Chief Executive Office) and Rob Neale (Chief Financial Officer) an aggregate of 480,000 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    Number of         % of issued      Total number     Director's 
                        Shares subject    share capital    of options       interest 
                        to option                          over Ordinary    in the Company's 
                                                           Shares           issued share 
                                                                            capital 
                                                                            (exc. options) 
 Mike Gallacher        275,000           0.20%            1,025,000        320,240 
                      ----------------  ---------------  ---------------  ------------------ 
 Rob Neale             205,000           0.15%            594,773          325,000 
                      ----------------  ---------------  ---------------  ------------------ 
 

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 31 December 2022. 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 Annal Report and Accounts for the year ending 31 December 2020 that will be issued following the Group's Preliminary Results Announcement at the end of March 2021.

Subject to the achievement of the above targets, these options will vest three years from the date of the grant on 22 February 2024.

In total 6,150,816 share options, which includes all existing options issued under the Group's sharesave schemes, are now outstanding representing approximately 4.5% of the Company's current issued share capital. The total number of Ordinary Shares currently in issue is 136,808,896.

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

Enquiries:

 
 Safestyle UK plc                                via FTI Consulting 
  Mike Gallacher, Chief Executive Officer 
  Rob Neale, Chief Financial Officer 
 Zeus Capital Limited (Nominated Adviser         Tel: 0203 829 5000 
  & Joint Broker) 
  Dan Bate / Daniel Harris / 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 / Sam Macpherson 
 

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:                                             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:                     Grant of nil-cost share option 
      ---------------------------------------------  ---------------------------------- 
 c)    Price(s) and volume(s):                           Price(s)          Volume(s) 
      ---------------------------------------------  ----------------  ---------------- 
                                Nil-cost                                    275,000 
  -------------------------------------------------------------------  ---------------- 
 d)    Aggregated volume:                             N/A 
        Price: 
      ---------------------------------------------  ---------------------------------- 
 e)    Date of the Transaction:                       22 February 2021 
      ---------------------------------------------  ---------------------------------- 
 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:                                          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:                    Grant of nil-cost share option 
      --------------------------------------------  ---------------------------------- 
 c)    Price(s) and volume(s):                          Volume(s)         Volume(s) 
      --------------------------------------------  -----------------  --------------- 
                                Nil-cost                                   205,000 
  -------------------------------------------------------------------  --------------- 
 d)    Aggregated volume:                            N/A 
        Price: 
      --------------------------------------------  ---------------------------------- 
 e)    Date of the Transaction:                      22 February 2021 
      --------------------------------------------  ---------------------------------- 
 f)    Place of the Transaction:                     Outside a trading venue 
      --------------------------------------------  ---------------------------------- 
 

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.

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END

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February 23, 2021 02:00 ET (07:00 GMT)

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