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Director dealings: Safestyle CEO offloads shares

Fri, 18th Jun 2021 16:17

(Sharecast News) - Safestyle revealed on Friday that chief executive Michael Gallacher had disposed of 258,500 ordinary shares in the AIM-listed windows and doors manufacturer.
Gallacher, who exercised nil-cost restricted options over 550,000 shares granted under Safestyle's performance share plan, sold the shares to cover tax liabilities at an average price of 60.0p each, for a total value of £155,100.01.

Back in March, Safestyle said pre-tax losses had widened in the twelve months ended 3 January but the group stated that it was on track for a solid recovery in 2021.

Safestyle posted a pre-tax loss of £6.2m, a significant widening when compared to the £3.8m loss recorded in 2019, while revenue was down 10% year-on-year at £113.2m as the group was forced to close operations following the outbreak of the Covid-19 pandemic.

As of 1615 BST, Safestyle shares were down 1.64% at 60.0p.

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Director name: Conoley,John
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Top Director Sells

Safestyle Uk (SFE)
Director name: Gallacher,Michael
Amount sold: 258,500 @ 60.00p
Value: £155,100.01

Barclays (BARC)
Director name: Staley,James E
Amount sold: 83,211 @ 178.90p
Value: £148,864.48

Barclays (BARC)
Director name: Staley,James E
Amount sold: 77,172 @ 178.90p
Value: £138,060.71

Barclays (BARC)
Director name: Morzaria,Tushar
Amount sold: 59,949 @ 178.90p
Value: £107,248.76

Barclays (BARC)
Director name: Morzaria,Tushar
Amount sold: 58,671 @ 178.90p
Value: £104,962.42

Safestyle Uk (SFE)
Director name: Neale,Robert
Amount sold: 123,375 @ 60.00p
Value: £74,025.00

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