TIDMWRKS

RNS Number : 3750K

TheWorks.co.uk PLC

01 September 2021

TheWorks.co.uk plc

(the "Company")

Director/PDMR Shareholding

TheWorks.co.uk plc, the multi-channel value retailer of gifts, arts, crafts, toys, books and stationery, today announces that on 31 August 2021, the Company granted options over ordinary shares of 1 pence each ("Shares") in the Company at an exercise price of 55 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 6 August 2021.

 
 Name of individual    Position / status    Options granted 
                       Chief Executive 
 Gavin Peck             Officer             16,363 
                      -------------------  ----------------

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) 
                                          GBP0.55     16,363 
                                                     ---------- 
           -------------------------  -------------------------------------------- 
       d)   Aggregated information 
 
             Aggregated volume           N/A - single transaction 
 
             Price 
           -------------------------  -------------------------------------------- 
       e)   Date of the transaction    2021-08-31 
           -------------------------  -------------------------------------------- 
       f)   Place of the transaction   Outside a trading venue 
           -------------------------  --------------------------------------------

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END

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(END) Dow Jones Newswires

September 01, 2021 04:42 ET (08:42 GMT)

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