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

Works co ukAnnouncement

16/10/2023 16:00

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RNS Number : 2766Q  TheWorks.co.uk PLC  16 October 2023

TheWorks.co.uk plc

(the "Company")

Director/PDMR Shareholding

TheWorks.co.uk plc, the multi-channel value retailer of arts, crafts, toys,
books and stationery, today announces that on 13 October 2023, the Company
granted options over ordinary shares of 1 pence each ("Shares") in the Company
at an exercise price of 28 pence ("Options") under TheWorks.co.uk Save As You
Earn Plan ("SAYE") to Gavin Peck (Chief Executive Officer) and Rosie Fordham
(Chief Financial Officer Designate) as outlined below.

 

All eligible employees were invited to apply for Options under the SAYE, a tax
advantaged all employee share plan, which become exercisable following the end
of a three-year savings contract. The exercise price of the Options was set at
a discount of c.20% from the average of the closing middle market Share price
over the three dealing days prior to the invitation date of 25 September 2023.

 

 Name of individual  Position / status                  Options granted
 Gavin Peck          Chief Executive Officer            33,125
 Rosie Fordham       Chief Financial Officer Designate  33,125

 

The notification 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 conducted
 a)  Description of the financial instrument   Ordinary shares of £0.01 each

                                               ISIN: GB00BF5HBF20
 b)  Nature of the transaction                 Grant of options over ordinary shares under the Company's Save As You Earn
                                               Plan.
 c)  Price(s) and volume(s)

Price(s)  Volume(s)
                                               £0.28     33,125

 d)  Aggregated information

     Aggregated volume                         N/A - single transaction

     Price
 e)  Date of the transaction                   2023-10-13

 f)  Place of the transaction                  Outside a trading venue

d)

Aggregated information

 

Aggregated volume

 

Price

 

 

N/A - single transaction

 

e)

Date of the transaction

2023-10-13

 

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 Executive Officer Designate
 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                 Grant of options over ordinary shares under the Company's Save As You Earn
                                               Plan.
 c)  Price(s) and volume(s)

Price(s)  Volume(s)
                                               £0.28     33,125

 d)  Aggregated information

     Aggregated volume                         N/A - single transaction

     Price
 e)  Date of the transaction                   2023-10-13

 f)  Place of the transaction                  Outside a trading venue

d)

Aggregated information

 

Aggregated volume

 

Price

 

 

N/A - single transaction

 

e)

Date of the transaction

2023-10-13

 

f)

Place of the transaction

Outside a trading venue

 

 

 

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