Safestyle UK PLC Grant of Options (4298J)
August 16 2023 - 1:00AM
UK Regulatory
TIDMSFE
RNS Number : 4298J
Safestyle UK PLC
16 August 2023
16 August 2023
Safestyle UK plc
("Safestyle", the "Company" or the "Group")
Grant of Options
Safestyle UK plc, the leading retailer and manufacturer of PVCu
replacement windows and doors for the UK homeowner market,
announces that, on 11 August 2023, the Group granted to Rob Neale
(Chief Executive Officer), Phil Joyner (Chief Financial Officer)
and Michelle Williams (Chief People Officer) an aggregate of
2,276,000 nil -- cost options over ordinary shares of 1 pence each
in the Group (the "Options") under the Safestyle UK plc 2017
Performance Share Plan as follows:
Name of individual No. shares % of issued Total number Director's
subject to share capital of options interest in
option over ordinary the Group's
shares issued share
capital (excl.
options)
Rob Neale 1,140,000 0.82% 1,920,348 784,954
------------ --------------- --------------- ----------------
Michelle Williams 560,000 0.40% 885,047 134,604
------------ --------------- --------------- ----------------
Phil Joyner 576,000 0.41% 725,348 189,090
------------ --------------- --------------- ----------------
The Options are subject to continued employment, achievement of
EPS performance targets (as regards 75% of the award) and absolute
Total Shareholder Return ('TSR') performance (as regards 25% of the
award) for the year ending 28 December 2025. The two targets
incentivise the Executive Directors to deliver both earnings and
share price growth.
The EPS and TSR targets will be set out in the Group's Annual
Report and Accounts for the year ending 31 December 2023 that will
be issued following the Group's Preliminary Results Announcement at
the end of March 2024.
Subject to the achievement of the above targets, these options
will vest 3 years from the date of the grant on 12 August 2026.
In total 9,177,238 share options, which includes all existing
options issued under the Group's sharesave schemes, are now
outstanding representing approximately 6.6% per cent of the Group's
current issued share capital. The total number of ordinary shares
currently in issue is 138,867,384.
The FCA notification, made in accordance with the requirements
of the EU Market Abuse Regulation is appended below.
Enquiries:
Safestyle UK plc via FTI Consulting
Rob Neale, Chief Executive Officer
Phil Joyner, Chief Financial Officer
Zeus (Nominated Adviser & Joint Broker) Tel: 0203 829 5000
Dan Bate / James Edis (Investment Banking)
Dominic King (Corporate Broking)
Liberum Capital Limited (Joint Broker) Tel: 0203 100 2100
Jamie Richards / William King
FTI Consulting (Financial PR) Tel: 0203 727 1000
Alex Beagley / Sam Macpherson / Amy Goldup
The notification below is made in accordance with the
requirements of the EU Market Abuse Regulation.
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 Rob Neale
--------------------- ------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status CEO
--------------------- ------------------------------------------------
b) Initial notification 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 Ordinary Shares of GBP0.01 each
of the financial
instrument,
type of instrument
Identification ISIN: JE00BGP63272
code
--------------------- ------------------------------------------------
b) Nature of the Grant of nil-cost options
transaction
--------------------- ------------------------------------------------
c) Price(s) and Price No. of shares
volume(s) Nil 1,140,000
-------------------------
--------------------- ------------------------------------------------
d) Aggregated N/A
information
- Aggregated
volume
- Price
--------------------- ------------------------------------------------
e) Date of the 11 August 2023
transaction
--------------------- ------------------------------------------------
f) Place of the Outside a trading venue
transaction
--------------------- ------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Michelle Williams
--------------------- ------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Chief People Officer
--------------------- ------------------------------------------------
b) Initial notification 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 Ordinary Shares of GBP0.01 each
of the financial
instrument,
type of instrument
Identification ISIN: JE00BGP63272
code
--------------------- ------------------------------------------------
b) Nature of the Grant of nil-cost options
transaction
--------------------- ------------------------------------------------
c) Price(s) and Price No. of shares
volume(s) Nil 560,000
-------------------------
--------------------- ------------------------------------------------
d) Aggregated N/A
information
- Aggregated
volume
- Price
--------------------- ------------------------------------------------
e) Date of the 11 August 2023
transaction
--------------------- ------------------------------------------------
f) Place of the Outside a trading venue
transaction
--------------------- ------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Phil Joyner
--------------------- ------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status CFO
--------------------- ------------------------------------------------
b) Initial notification 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 Ordinary Shares of GBP0.01 each
of the financial
instrument,
type of instrument
Identification ISIN: JE00BGP63272
code
--------------------- ------------------------------------------------
b) Nature of the Grant of nil-cost options
transaction
--------------------- ------------------------------------------------
c) Price(s) and Price No. of shares
volume(s) Nil 576,000
-------------------------
--------------------- ------------------------------------------------
d) Aggregated N/A
information
- Aggregated
volume
- Price
--------------------- ------------------------------------------------
e) Date of the 11 August 2023
transaction
--------------------- ------------------------------------------------
f) Place of the Outside a trading venue
transaction
--------------------- ------------------------------------------------
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END
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