TheWorks.co.uk PLC Director/PDMR Shareholding
20 Noviembre 2024 - 1:00AM
RNS Regulatory News
RNS Number : 8755M
TheWorks.co.uk PLC
20 November 2024
TheWorks.co.uk plc
(the "Company" or
the "Group")
Director/PDMR
Shareholding
TheWorks.co.uk plc, the
family-friendly value retailer of arts, crafts, toys, books and
stationery, today announces that on 19
November 2024, 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
Award1
|
|
Gavin Peck
|
Chief Executive Officer
|
LTIP Award - nil cost
option
|
1,216,688
|
|
Rosie Fordham
|
Chief Financial Officer
|
LTIP Award - nil cost
option
|
550,000
|
1 At the determination of the Company's Remuneration Committee,
the number of shares subject to LTIP Awards has been calculated by
reference to a share value of £0.40 per share.
The awards are subject to stretching
and equally weighted earnings and share price performance
conditions, in line with previous awards.
The awards are 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 three-year
performance period ending FY27 and whether any value in the awards
at assessment of the performance condition represents a "windfall
gain".
The LTIP Awards will vest following
the assessment of the performance conditions (to the extent that
the conditions have been satisfied) and 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:
|
Enquiries:
TheWorks.co.uk
plc
Gavin Peck, CEO
Rosie Fordham, CFO
|
via Sanctuary Counsel
|
|
Singer Capital
Markets (Nomad and Broker)
Peter Steel
Jalini Kalaravy
|
020 7496 3000
|
|
Sanctuary
Counsel
Ben Ullmann
Rachel Miller
Kitty Ryder
|
0207 340 0395
theworks@sanctuarycounsel.com
|
|
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 /
amendment
|
Initial notification
|
|
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 the financial
instrument
|
Ordinary shares of £0.01
each
ISIN: GB00BF5HBF20
|
|
b)
|
Nature of the transaction
|
Grant of nil-cost options over
ordinary shares under the Company's Long Term Incentive
Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil cost award
|
1,216,688
|
|
|
d)
|
Aggregated information
Aggregated volume
Price
|
N/A - single transaction
|
|
e)
|
Date of the transaction
|
19 November 2024
|
|
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 Financial Officer
|
|
b)
|
Initial notification /
amendment
|
Initial notification
|
|
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 the financial
instrument
|
Ordinary shares of £0.01
each
ISIN: GB00BF5HBF20
|
|
b)
|
Nature of the transaction
|
Grant of nil-cost options over
ordinary shares under the Company's Long Term Incentive
Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil cost award
|
550,000
|
|
|
d)
|
Aggregated information
Aggregated volume
Price
|
N/A - single transaction
|
|
e)
|
Date of the transaction
|
19 November 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
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END
DSHFFFSLLFLALIS
Theworks.co.uk (LSE:WRKS)
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Theworks.co.uk (LSE:WRKS)
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