TheWorks.co.uk PLC Director/PDMR Shareholding (0947H)
21 Novembre 2022 - 01:41PM
UK Regulatory (RNS & others)
TIDMWRKS
RNS Number : 0947H
TheWorks.co.uk PLC
21 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 17
November 2022, the Company granted awards over ordinary shares of 1
pence each in the Company under the TheWorks.co.uk 2018 Long Term
Incentive Plan ("LTIP Award") as follows:
Name of individual Position / status Type of award Number of
shares subject
to LTIP Award
Chief Executive LTIP Award - nil
Gavin Peck Officer cost option 936,363
------------------- ------------------ ----------------
Chief Financial LTIP Award - nil
Stephen Alldridge Officer cost option 655,454
------------------- ------------------ ----------------
The vesting of the LTIP Award is subject to the achievement of
performance targets as set out below:
Measure Weighting Threshold (20% Maximum (100%
vesting) vesting)
EPS(1) 50% 5.6 pence 15.6 pence
---------- --------------- --------------
Share Price(2) 50% GBP0.43 GBP1.40
---------- --------------- --------------
(1) B asic EPS for the company's 2024/2025 financial year,
pre-IFRS16 and subject to such adjustments as the Remuneration
Committee determines to ensure that performance is assessed on a
fair and consistent basis
(2) Average share price over the period of four weeks beginning
with the announcement by the company of its Full Year Trading
Update for its 2024/2025 financial year.
The whole LTIP Award is subject to an underpin condition in
accordance with which the Remuneration Committee may adjust the
formulaic vesting outturn having regard to the overall financial
performance of the group over the performance period and whether
any value in the LTIP Award at assessment of the performance
condition represents a "windfall gain".
The LTIP Award will vest following the assessment of the
performance conditions (to the extent that the conditions have been
satisfied) and, in accordance with the Company's Remuneration
Policy, then be subject to a further two-year holding period.
The notifications 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 nil-cost options over ordinary
transaction shares under the Company's Long Term Incentive
Plan
------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil cost award 936,363
----------
------------------------- ------------------------------------------------
d) Aggregated information
Aggregated volume N/A - single transaction
Price
------------------------- ------------------------------------------------
e) Date of the transaction 2022-11-17
------------------------- ------------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------- ------------------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Stephen Alldridge
------------------------- ------------------------------------------------
2. Reason for notification
---------------------------------------------------------------------------
a) Position / status Chief Financial 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 nil-cost options over ordinary
transaction shares under the Company's Long Term Incentive
Plan
------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil cost award 655,454
----------
------------------------- ------------------------------------------------
d) Aggregated information
Aggregated volume N/A - single transaction
Price
------------------------- ------------------------------------------------
e) Date of the transaction 2022-11-17
------------------------- ------------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------- ------------------------------------------------
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END
DSHFLFVFLALLFIF
(END) Dow Jones Newswires
November 21, 2022 07:41 ET (12:41 GMT)
Grafico Azioni Theworks.co.uk (LSE:WRKS)
Storico
Da Nov 2023 a Dic 2023
Grafico Azioni Theworks.co.uk (LSE:WRKS)
Storico
Da Dic 2022 a Dic 2023
