REG - TheWorks.co.uk PLC - Purchase of Shares for the Employee Benefit Trust

Works co ukAnnouncement

03/10/2024 09:00

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RNS Number : 8197G  TheWorks.co.uk PLC  03 October 2024

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 2 October 2024 the EBT purchased a total of
1,184,549 ordinary shares of 1 penny each in the Company (the "Shares") at a
price of 25.2 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.

 

Following this purchase, which was recommended by the Board as indicated in
the Company's preliminary results announcement on 1 October 2024, the EBT
holds a total of 2,287,350 ordinary shares, 3.66% of the Company's issued
share capital. The Board does not currently intend to recommend to the EBT to
make any further market purchases of shares.

 

 Enquiries:

 TheWorks.co.uk plc                         via Sanctuary Counsel

 Gavin Peck, CEO

 Rosie Fordham, CFO

 Singer Capital Markets (Nomad and Broker)  020 7496 3000

 Peter Steel

 Alaina Wong

 Jalini Kalaravy

 Sanctuary Counsel                          0207 340 0395

 Ben Ullmann                                theworks@sanctuarycounsel.com (mailto:theworks@sanctuarycounsel.com)

 Rachel Miller

 Kitty Ryder

 

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BF5HBF20

Issuer Name

THEWORKS.CO.UK PLC

UK or Non-UK Issuer

Non-UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Apex Group Trustee Services Limited as Trustee of TheWorks.co.uk Employee
Benefit Trust

City of registered office (if applicable)

St Helier

Country of registered office (if applicable)

Jersey

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the
notification obligation, above

City of registered office (if applicable)

Country of registered office (if applicable)

5. Date on which the threshold was crossed or reached

02-Oct-2024

6. Date on which Issuer notified

02-Oct-2024

7. Total positions of person(s) subject to the notification obligation

                                                                            % of voting rights attached to shares (total of 8.A)  % of voting rights through financial 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
 Resulting situation on the date on which threshold was crossed or reached  3.66                                                  0.00                                                                       3.66                            2,287,350
 Position of previous notification (if applicable)

8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached

8A. Voting rights attached to shares

 Class/Type of shares ISIN code(if possible)  Number of direct voting rights (DTR5.1)  Number of indirect voting rights (DTR5.2.1)  % of direct voting rights (DTR5.1)  % of indirect voting rights (DTR5.2.1)
 GB00BF5HBF20                                 2,287,350                                                                             3.66
 Sub Total 8.A                                2,287,350                                                                             3.66%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 Type of financial instrument  Expiration date  Exercise/conversion period  Number of voting rights that may be acquired if the instrument is  % of voting rights
                                                                            exercised/converted

 Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))

 Type of financial instrument  Expiration date  Exercise/conversion period  Physical or cash settlement  Number of voting rights  % of voting rights

 Sub Total 8.B2

9. Information in relation to the person subject to the notification
obligation

1. 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) issuer.

 Ultimate controlling person  Name of controlled undertaking  % 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  Total of both if it equals or is higher than the notifiable threshold
                                                                                                                                          than the notifiable threshold

10. In case of proxy voting

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

11. Additional Information

 

12. Date of Completion

2 October 2024

13. Place Of Completion

St Helier, Jersey

 

 

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