Safestyle UK PLC Grant of Options (7382D)
June 28 2019 - 2:01AM
UK Regulatory
TIDMSFE
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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