REG - Workspace Grp PLC - Director/PDMR Shareholding

WorkspaceAnnouncement

28/11/2024 13:00

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RNS Number : 0682O  Workspace Group PLC  28 November 2024

28 November 2024

WORKSPACE(®) GROUP PLC

DIRECTOR/PDMR SHAREHOLDING

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

Workspace Group PLC (the "Company") announces that, on 28 November 2024, two
conditional share awards (the "Awards") over ordinary shares in the Company
were granted to Lawrence Hutchings (a person discharging managerial
responsibility for the Company) (the "PDMR") under the Workspace Group Long
Term Incentive Plan (the "LTIP"). The Awards are 'buyout' awards that have
been granted to replace awards that Lawrence Hutchings forfeited on the
termination of his previous employment. They will vest subject to the rules of
the LTIP, including continued employment and performance conditions where
appropriate.

The Awards comprise of two awards of an equal number of shares with a value of
£250,000 each at the grant price set out in 4(c) below.

 1.     Details of PDMR/person closely associated with them ('PCA')
 a)     Name                                                                               Lawrence Hutchings
   2.    Reason for the notification

 a)     Position/status                                                                    Chief Executive Officer
 b)     Initial notification/                                                             Initial notification

        amendment
 3.     Details of the issuer, emission allowance market participant, auction
        platform, auctioneer or auction monitor
 a)     Name                                                                              Workspace Group PLC
 b)     LEI                                                                               2138003GUZRFIN3UT430
 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 transaction(s) has been conducted
 a)     Description of the financial instrument  Ordinary Shares of 100p ISIN GB00B67G5X01

 b)     Nature of the transaction                1.   Grant of a conditional award under the LTIP. This Award is subject to
                                                 the PDMR remaining in employment with the Company until 18 November 2027
                                                 (subject to the rules of the LTIP).

                                                 2.   Grant of a conditional award under the LTIP. This Award is subject to
                                                 performance conditions over the performance period ending 31 March 2027.

 c)     Price(s) and volume(s)                   Price(s)           Volume(s)
                                                 1.      Nil consideration  44,907
                                                 2.      Nil consideration  44,907

 

 d)     Aggregated information                   N/A

 e)     Date of the transaction                  28 November 2024
 f)     Place of the transaction                 Outside a trading venue

 

 

 

d)

Aggregated information

 

N/A

 

 

e)

Date of the transaction

28 November 2024

f)

Place of the transaction

 

Outside a trading venue

 

 

 

 

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