Purchase of Shares for the Employee Benefit Trust
08/04/2025 07:00
RNS Number : 0016E
TheWorks.co.uk PLC
08 April 2025
TheWorks.co.uk plc
(the "Company" or the "Group")
Purchase of Shares for the Employee Benefit Trust
The Company has been notified by the Trustee of the TheWorks.co.uk Employee Benefit Trust (the "EBT") that on 4 April 2025 the EBT purchased a total of 410,000 ordinary shares of 1 penny each in the Company (the "Shares") at a price of 18.7 pence per share.
The Shares will be held in the EBT, which is a discretionary trust for the benefit of the Group's employees. The Shares will be used to satisfy the vesting and exercise of awards over shares under the Company's executive and employee share plans, including to Executive Directors and Persons Discharging Managerial Responsibility ("PDMRs") of the Company. The purchase of Ordinary Shares by the EBT has been funded by a loan provided by the Company.
Following this purchase, the EBT holds a total of 2,681,907 ordinary shares, 4.29% of the Company's issued share capital.
| Enquiries: TheWorks.co.uk plc Gavin Peck, CEO Rosie Fordham, CFO | via Sanctuary Counsel |
| Singer Capital Markets (Nomad and Broker) Peter Steel Jalini Kalaravy | 020 7496 3000 |
| Sanctuary Counsel Ben Ullmann Rachel Miller Kitty Ryder | 0207 340 0395 theworks@sanctuarycounsel.com |
| NOTIFICATION OF MAJOR HOLDINGS(to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i | ||||||
| 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | THEWORKS.CO.UK PLC (WRKS:LSE) | |||||
| 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
| Non-UK issuer | ||||||
| 2. Reason for the notification(please mark the appropriate box or boxes with an "X") | ||||||
| An acquisition or disposal of voting rights | X | |||||
| An acquisition or disposal of financial instruments | ||||||
| An event changing the breakdown of voting rights | ||||||
| Other (please specify)iii: | ||||||
| 3. Details of person subject to the notification obligationiv | ||||||
| Name | Apex Group Trustee Services Limited as trustee of the TheWorks.co.uk Employee Benefit Trust | |||||
| City and country of registered office (if applicable) | St, Helier, Jersey | |||||
| 4. Full name of shareholder(s)(if different from 3.)v | ||||||
| Name | Investec Bank Plc | |||||
| City and country of registered office (if applicable) | London, UK | |||||
| 5. Date on which the threshold was crossed or reachedvi: | 4 April 2024 | |||||
| 6. Date on which issuer notified (DD/MM/YYYY): | 7 April 2024 | |||||
| 7. Total positions of person(s) subject to the notification obligation | ||||||
| % of voting rights attached to shares (total of 8. A) | % ofvoting rights throughfinancial instruments (total of 8.B 1 + 8.B 2) | Total of both in % (8.A + 8.B) | Total number of voting rights held in issuer (8.A + 8.B)vii | |||
| Resulting situation on the date on which threshold was crossed or reached | 4.2911% | 4.2911% | 2,681,907 | |||
| Position of previous notification (if applicable) | 3.6351% | 3.6351% | ||||
| 8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii | |||||||||
| A: Voting rights attached to shares | |||||||||
| Class/type of shares ISIN code (if possible) | Number of voting rightsix | % of voting rights | |||||||
| Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | ||||||
| GB00BF5HBF20 | 2,681,907 | 4.2911% | |||||||
| SUBTOTAL 8. A | 2,681,907 | 4.2911% | |||||||
| B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) | |||||||||
| Type of financial instrument | Expiration datex | Exercise/ Conversion Periodxi | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | |||||
| SUBTOTAL 8. B 1 | |||||||||
| B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) | |||||||||
| Type of financial instrument | Expiration datex | Exercise/ Conversion Periodxi | Physical or cash settlementxii | Number of voting rights | % of voting rights | ||||
| SUBTOTAL 8.B.2 | |||||||||
| 9. Information in relation to the person subject to the notification obligation(please mark the applicable box with an "X") | ||||
| Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii | X | |||
| Fullchain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv(please add additional rows as necessary) | ||||
| Namexv | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | |
| 10.In case of proxy voting, please identify: | ||||
| Name of the proxy holder | ||||
| The number and % of voting rights held | ||||
| The date until which the voting rights will be held | ||||
| 11. Additional informationxvi | ||||
| Place of completion | London, UK |
| Date of completion | 07/04/2025 |