Safestyle UK PLC Directorate Change (7943R)

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RNS Number : 7943R

Safestyle UK PLC

05 March 2019

5 March 2019

Safestyle UK plc

("Safestyle" or the "Group")

Directorate Change

The Board of Safestyle UK plc, the leading retailer and manufacturer of PVCu replacement windows and doors to the UK homeowner market, announces that it has received the resignation of Giles Richell, Chief Operating Officer, from both his executive role and Board Directorship.

Following a hugely challenging 2018, the Group is fully engaged in delivering the three phase turnaround plan. Part of this plan requires the Group to simplify its organisational structure and recover its overhead position.

Giles will resign from the Board with immediate effect and will remain in the business to focus on handing over his executive responsibilities in due course. Giles' role will not be replaced and his reporting lines will revert to the senior leadership team.

Mike Gallacher, CEO of Safestyle UK plc, said:

"Giles joined the Group in February 2017 and led the transformation of our manufacturing site at Wombwell, significantly enhanced our HR function and led our Digital Transformation programme. I would like to thank Giles for his significant contribution to the business over the last two years and the Board wishes him all the best with his future endeavours."

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

Enquires:

 
 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) 
  Nick How / 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 / Laura Saraby

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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