REG - TheWorks.co.uk PLC - Director/PDMR Shareholding

Works co ukAnnouncement

28/09/2023 17:15

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RNS Number : 0608O  TheWorks.co.uk PLC  28 September 2023

TheWorks.co.uk plc (the "Company")

Notification of Transactions of Directors/Persons Discharging Managerial
Responsibility and their Closely Associated Persons

The Company announces that Gavin Peck (Chief Executive Officer) has elected to
withdraw his cash contributions made in accordance with his savings contract
under the Company's 2021 Save As You Earn (SAYE) scheme in order to be
eligible to participate in the 2023 SAYE scheme which is due to launch in
October 2023. Therefore, the options granted to him under the 2021 SAYE have
lapsed.

The SAYE is an all-employee scheme approved by HM Revenue and Customs. The
SAYE exercise price for the options granted in 2021 was 55 pence per share,
which is above the prevailing share price.

The notifications below, made in accordance with the requirements of the UK
Market Abuse Regulation, provide further detail.

 1.  Details of PDMR / person closely associated with them ('PCA')
 a)  Name                                     Gavin Peck
 2.  Details of PDMR / person closely associated with them ('PCA')
 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 conducted
 a)  Description of the financial instrument  Ordinary shares of £0.01 each

                                              ISIN: GB00BF5HBF20
 b)  Nature of the transaction                Lapse of SAYE options on withdrawal of cash contributions

 c)  Price(s) and volume(s)

Price(s)  Volume(s)
                                              Nil       16,363

 d)  Aggregated information

     Aggregated volume                        N/A - Single transaction

     Price
 e)  Date of the transaction                  2023-09-25

 f)  Place of the transaction                 Outside a trading venue

d)

Aggregated information

 

Aggregated volume

 

Price

 

 

N/A - Single transaction

e)

Date of the transaction

2023-09-25

 

f)

Place of the transaction

Outside a trading venue

 

 

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