Safestyle UK PLC Grant of Options (8204R)
19 June 2018 - 4:03PM
UK Regulatory
TIDMSFE
RNS Number : 8204R
Safestyle UK PLC
19 June 2018
19 June 2018
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 certain Executive Directors of the
Company.
On 18 June 2018, the Company granted to Mike Gallacher (Chief
Executive Officer) and Giles Richell (Chief Operating Officer) an
aggregate of 1,083,333 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 733,333 733,333 -
----------------- ----------------- --------------------
Giles Richell 350,000 391,913 -
----------------- ----------------- --------------------
Total 1,083,333 1,125,256 -
----------------- ----------------- --------------------
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 1.3 per cent of the Company's
current issued share capital. In total 2,679,527 Options are now
outstanding, representing approximately 3.2 per cent of the
Company's current issued share capital. The total number of
Ordinary Shares currently in issue is 82,789,083.
In addition, the Company also announces that, as announced on 22
March 2018, Robert ("Rob") Neale will join the Board as Chief
Financial Officer effective no later than 16 July 2018. Conditional
on formally joining, Rob will be awarded 350,000 nil-cost options
over ordinary shares in the Company, on the same basis as Mike
Gallacher and Giles Richell. A further announcement will be made in
due course.
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 733,333
----------
---------------------------------- ----------------------------
d) Aggregated information: n/a
--Aggregated volume
--Price
---------------------------------- ----------------------------
e) Date of the transaction 18 June 2018
---------------------------------- ----------------------------
f) Place of the transaction Outside a trading venue
---------------------------------- ----------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Giles Richell
---------------------------------- ----------------------------
2. Reason for the Notification
----------------------------------------------------------------
a) Position/status Chief Operating 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 350,000
----------
---------------------------------- ----------------------------
d) Aggregated information: n/a
--Aggregated volume
--Price
---------------------------------- ----------------------------
e) Date of the transaction 18 June 2018
---------------------------------- ----------------------------
f) Place of the transaction Outside a trading venue
---------------------------------- ----------------------------
Enquiries:
Safestyle UK plc via FTI Consulting
Mike Gallacher, Chief Executive Officer
Zeus Capital (Nominated Adviser & Joint Tel: 0203 829 5000
Broker)
Nick How / Dominic King / Richard Short
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
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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