19 Jun 2018 07:03
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 options over ordinary shares | Total number of options over ordinary shares | Director's interest in the Company's 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 |
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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 the Financial instrument, type of instrument |
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Identification code | ISIN: JE00BGP63272 | |||||
b) | Nature of the transaction |
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c) | Price(s) and volume(s) |
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d) | Aggregated information: ·Aggregated volume ·Price | n/a | ||||
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 |
| ||||
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 the Financial instrument, type of instrument |
| ||||
Identification code | ISIN: JE00BGP63272 | |||||
b) | Nature of the transaction |
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c) | Price(s) and volume(s) |
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d) | Aggregated information: ·Aggregated volume ·Price | n/a | ||||
e) | Date of the transaction | 18 June 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Enquiries:
Safestyle UK plc Mike Gallacher, Chief Executive Officer
| via FTI Consulting |
Zeus Capital (Nominated Adviser & Joint Broker) Nick How / Dominic King / Richard Short | Tel: 0203 829 5000 |
Liberum Capital Limited (Joint Broker) Neil Patel / Jamie Richards | Tel: 0203 100 2100 |
FTI Consulting (Financial PR) Alex Beagley / James Styles / Laura Saraby | Tel: 0203 727 1000 |
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.