TIDMWRKS

RNS Number : 5548F

TheWorks.co.uk PLC

07 November 2022

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 4 November 2022, the Company granted options over ordinary shares of 1 pence each ("Shares") in the Company at an exercise price of 29 pence ("Options") under TheWorks.co.uk 2018 Save As You Earn Plan ("SAYE") to Gavin Peck (Chief Executive Officer) 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 10 October 2022.

 
 Name of individual    Position / status    Options granted 
                       Chief Executive 
 Gavin Peck             Officer             31,034 
                      -------------------  ---------------- 
 

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       Initial notification 
             / amendment 
           -------------------------  -------------------------------------------- 
 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             Ordinary shares of GBP0.01 each 
             the financial 
             instrument                 ISIN: GB00BF5HBF20 
           -------------------------  -------------------------------------------- 
       b)   Nature of the              Grant of options over ordinary shares 
             transaction                under the Company's Save As You Earn Plan. 
           -------------------------  -------------------------------------------- 
       c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                          GBP0.29     31,034 
                                                     ---------- 
           -------------------------  -------------------------------------------- 
       d)   Aggregated information 
 
             Aggregated volume           N/A - single transaction 
 
             Price 
           -------------------------  -------------------------------------------- 
       e)   Date of the transaction    2022-11-04 
           -------------------------  -------------------------------------------- 
       f)   Place of the transaction   Outside a trading venue 
           -------------------------  -------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHFLFEFLALDIIF

(END) Dow Jones Newswires

November 07, 2022 08:00 ET (13:00 GMT)

Grafico Azioni Theworks.co.uk (LSE:WRKS)
Storico
Da Gen 2023 a Feb 2023 Clicca qui per i Grafici di Theworks.co.uk
Grafico Azioni Theworks.co.uk (LSE:WRKS)
Storico
Da Feb 2022 a Feb 2023 Clicca qui per i Grafici di Theworks.co.uk