TIDMWRKS

RNS Number : 2766Q

TheWorks.co.uk PLC

16 October 2023

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 13 October 2023, the Company granted options over ordinary shares of 1 pence each ("Shares") in the Company at an exercise price of 28 pence ("Options") under TheWorks.co.uk Save As You Earn Plan ("SAYE") to Gavin Peck (Chief Executive Officer) and Rosie Fordham (Chief Financial Officer Designate) 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 25 September 2023.

 
 Name of individual    Position / status     Options granted 
                       Chief Executive 
 Gavin Peck             Officer              33,125 
                      --------------------  ---------------- 
                       Chief Financial 
 Rosie Fordham          Officer Designate    33,125 
                      --------------------  ---------------- 
 

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) 
                                          GBP0.28     33,125 
                                                     ---------- 
           -------------------------  -------------------------------------------- 
       d)   Aggregated information 
 
             Aggregated volume           N/A - single transaction 
 
             Price 
           -------------------------  -------------------------------------------- 
       e)   Date of the transaction    2023-10-13 
           -------------------------  -------------------------------------------- 
       f)   Place of the transaction   Outside a trading venue 
           -------------------------  -------------------------------------------- 
 
 
 1.         Details of the person discharging managerial responsibilities 
             / person closely associated 
       a)   Name                       Rosie Fordham 
           -------------------------  -------------------------------------------- 
 2.         Reason for notification 
           ----------------------------------------------------------------------- 
       a)   Position / status          Chief Executive Officer Designate 
           -------------------------  -------------------------------------------- 
       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) 
                                          GBP0.28     33,125 
                                                     ---------- 
           -------------------------  -------------------------------------------- 
       d)   Aggregated information 
 
             Aggregated volume           N/A - single transaction 
 
             Price 
           -------------------------  -------------------------------------------- 
       e)   Date of the transaction    2023-10-13 
           -------------------------  -------------------------------------------- 
       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

DSHFLFESIALRLIV

(END) Dow Jones Newswires

October 16, 2023 10:59 ET (14:59 GMT)

Grafico Azioni Theworks.co.uk (LSE:WRKS)
Storico
Da Feb 2024 a Mar 2024 Clicca qui per i Grafici di Theworks.co.uk
Grafico Azioni Theworks.co.uk (LSE:WRKS)
Storico
Da Mar 2023 a Mar 2024 Clicca qui per i Grafici di Theworks.co.uk