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

Works co ukAnnouncement

08/04/2025 07:00

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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                         via Sanctuary Counsel

 Gavin Peck, CEO

 Rosie Fordham, CFO

 Singer Capital Markets (Nomad and Broker)  020 7496 3000

 Peter Steel

 Jalini Kalaravy

 Sanctuary Counsel                          0207 340 0395

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

 Rachel Miller

 Kitty Ryder

 

 

 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                                                                                    THEWORKS.CO.UK PLC (WRKS:LSE)
 which voting rights are attached(ii):
 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 obligation(iv)
 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 reached(vi):                                                                                                   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)  % of voting rights through financial instruments      Total of both in % (8.A + 8.B)  Total number of voting rights held in issuer (8.A + 8.B) (vii)

(total of 8.B 1 + 8.B 2)
 Resulting situation on the date on which threshold was crossed or reached  4.2911%                                                                                                      4.2911%                         2,681,907
 Position of previous notification (if                                      3.6351%                                                                                                      3.6351%

 applicable)

 

 8. Notified details of the resulting situation on the date on which the
 threshold was crossed or reached(viii)
 A: Voting rights attached to shares
 Class/type of                                  Number of voting rights(ix)                                                                                 % of voting rights

shares

 ISIN code (if possible)
                                                Direct                                          Indirect                                                    Direct                                           Indirect

                                                (Art 9 of Directive 2004/109/EC) (DTR5.1)       (Art 10 of Directive 2004/109/EC) (DTR5.2.1)                (Art 9 of Directive 2004/109/EC) (DTR5.1)        (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              Exercise/                                                   Number of voting rights that may be acquired if the instrument is        % of voting rights

date(x)
Conversion Period(xi)

                                                                                                                                    exercised/converted.

                                                                        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                               Exercise/                                 Physical or cash                                                  Number of voting rights  % of voting rights

date(x)
Conversion Period (xi)

                                                                                                                  settlement(xii)

                                                                                                                  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                                                                                                                                           X
 person or legal entity and does not control any other undertaking(s) holding
 directly or indirectly an interest in the (underlying) issuer(xiii)
 Full chain 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 entity(xiv) (please add additional rows as
 necessary)
 Name(xv)                    % 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, 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 information(xvi)

 

 Place of completion  London, UK
 Date of completion   07/04/2025

 

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