Director/PDMR Shareholding
RNS Number : 8741XTheWorks PLC06 October 2026TheWorks plc
("The Works", the "Company" or the "Group")
Director/PDMR Shareholding
The Works, the UK's leading specialist retailer of affordable, screen-free activities for the whole family, today announces that on 1 October 2026, the Company granted awards over ordinary shares of 1 pence each in the Company under its 2018 Long Term Incentive Plan (each an "LTIP Award") as follows:
Name of individual
Position / status
Type of award
Number of shares subject to LTIP Award
Gavin Peck
Chief Executive Officer
LTIP Award - nil cost option
610,044
Rosie Fordham
Chief Financial Officer
LTIP Award - nil cost option
275,768
The awards are subject to stretching and equally weighted earnings and share price performance conditions, in line with previous awards.
The awards are subject to an underpin condition in accordance with which the Remuneration Committee may adjust the formulaic vesting outturn having regard to the overall financial performance of the Group over the performance period ending FY29 and whether any value in the awards at assessment of the performance condition represents a “windfall gain”.
The awards will vest following the assessment of the performance conditions (to the extent that the conditions have been satisfied) and then be subject to a further two-year holding period.
The notifications below, made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail:
1.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Gavin Peck
2.
Reason for 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
TheWorks.co.uk plc
b)
LEI
894500W7PWBCCWBN9R03
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 conducteda)
Description of the financial instrument
Ordinary shares of £0.01 each
ISIN: GB00BF5HBF20
b)
Nature of the transaction
Grant of nil-cost options over ordinary shares under the Company's Long Term Incentive Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil cost award
610,044
d)
Aggregated information
Aggregated volume
Price
N/A – single transaction
e)
Date of the transaction
1 October 2026
f)
Place of the transaction
Outside a trading venue
1.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Rosie Fordham
2.
Reason for notification
a)
Position / status
Chief Financial Officer
b)
Initial notification / amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
TheWorks.co.uk plc
b)
LEI
894500W7PWBCCWBN9R03
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 conducteda)
Description of the financial instrument
Ordinary shares of £0.01 each
ISIN: GB00BF5HBF20
b)
Nature of the transaction
Grant of nil-cost options over ordinary shares under the Company's Long Term Incentive Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil cost award
275,768
d)
Aggregated information
Aggregated volume
Price
N/A – single transaction
e)
Date of the transaction
1 October 2026
f)
Place of the transaction
Outside a trading venue
Enquiries:
TheWorks.co.uk plc
Gavin Peck, CEO
Rosie Fordham, CFO
via Hudson Sandler
Singer Capital Markets (Nomad and Broker)
Peter Steel
Sara Hale
020 7496 3000
Hudson Sandler (Financial PR)
Alex Brennan
Lucy Wollam
020 7796 4133
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