Safestyle UK : Grant of Options

20 December 2018

Safestyle UK plc

('Safestyle' or the 'Company')

Grant of Options

Safestyle UK plc, the leading retailer and manufacturer of PVCu replacement windows and doors to the UK homeowner market, announces that, on 20 December 2018, the Company granted to Alan Charles Lovell (Chairman) 250,000 nil-cost options over ordinary shares of £0.01 each (the 'Ordinary Shares') in the Company (the 'Options').

In making the grant, the Remuneration Committee considered the importance of Alan's significant experience and guidance to the Company in the implementation of its turnaround plan.

The Options are exercisable as to 50% from 16 July 2020 and the balancing 50% from 16 July 2021, subject to Mr Lovell's continued appointment. The Options are not subject to financial targets but are subject to a general business performance underpin so that the Remuneration Committee has discretion to reduce or lapse the awards that would vest if the level of vesting is not appropriate in the context of the underlying performance of the business.

Following the grant of the Options, Mr Lovell's beneficial interest in Ordinary Shares is 130,000 Ordinary Shares, representing 0.16 per cent. of the Company's issued share capital, and 250,000 Options, equivalent to 0.30 per cent. of the Company's issued share capital.

In total 4,276,893Options are now outstanding, representing approximately 5.2per cent.of the Company's current issued share capital.

The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation is appended below.

Enquires:

Safestyle UK plc Mike Gallacher, Chief Executive Officer Rob Neale, Chief Financial Officer	via FTI Consulting
Zeus Capital(Nominated Adviser & Joint Broker) Nick How / Dominic King	Tel: [phone]
Liberum Capital Limited(Joint Broker) Neil Patel / Jamie Richards	Tel: [phone]
FTI Consulting(Financial PR) Alex Beagley / James Styles / Laura Saraby	Tel: [phone]

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:	Alan Lovell
2	Reason for the notification
a)	Position/Status:	Chairman
b)	Initial Notification/Amendment:	Initial Notification
3	Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor
a)	Name:	Safestyle UK plc
b)	LEI:
4.	Details of 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: Identification code:	Nil cost options over ordinary shares of £0.01 each ISIN JE00BGP63272
b)	Nature of the transaction:	Grant of nil-cost share options
c)	Price(s) and volume(s):	Price(s)	Volume(s)
		Nil-cost	250,000
d)	Aggregated volume: Price:	N/A
e)	Date of the Transaction:	20 December 2018
f)	Place of the Transaction:	Outside a trading venue