TheWorks.co.uk PLC Director/PDMR Shareholding (2159L)
04 Septiembre 2019 - 5:29AM
UK Regulatory
TIDMWRKS
RNS Number : 2159L
TheWorks.co.uk PLC
04 September 2019
4 September 2019
TheWorks.co.uk plc
(the "Company")
Notification of Transactions of Directors and Persons
Discharging Managerial Responsibilities
TheWorks.co.uk plc, one of the UK's leading multi-channel
specialist retailers of value gifts, arts, crafts, toys, books and
stationery, announces that on 3 September 2019, the Company granted
awards over ordinary shares of 1 pence each in the Company under
the The Works.co.uk 2018 Long Term Incentive Plan ("LTIP Awards")
and the The Works.co.uk 2018 Long Term Incentive (CSOP Options)
Plan ("CSOP Awards").
Name of individual Position / status Type of award Number of shares
subject to LTIP
Award
Chief Executive LTIP Award -
Kevin Keaney Officer nil cost option 388,456
------------------- ------------------ -----------------
Chief Financial LTIP Award -
Gavin Peck Officer nil cost option 250,617
------------------- ------------------ -----------------
Trading Director LTIP Award -
Andrea Bennett - PDMR nil cost option 143,321
------------------- ------------------ -----------------
On the same date, each individual set out above was granted a
tax qualifying CSOP Award over 37,037 shares at a per share
exercise price of 81 pence under the TheWorks.co.uk 2018 Long Term
Incentive (CSOP Options) Plan. Each CSOP Award is linked to the
LTIP Award such that, at the time of exercise, to the extent that
there is a gain in the CSOP Award, the LTIP Award will be forfeited
to the value of that gain to ensure that the total pre-tax value of
the original LTIP Award is not increased by the grant of the CSOP
Award.
The release of all the above awards is subject to the
achievement of performance targets as set out in the Company's
Directors' Remuneration Report for the year ended 28 April
2019.
The awards granted to Kevin Keaney and Gavin Peck are subject to
a two year holding period beginning on the date on which the awards
vest and will be released immediately following the end of the
holding period.
The Notification of Dealing Forms set out below are provided in
accordance with the requirements of the EU Market Abuse
Regulation.
Notification of Dealing Form
1. Details of the Person Discharging Managerial Responsibility
("PDMR")/person closely associated with them ("PCA")
a) Name Kevin Keaney
----------------------------- ----------------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------
a) Position/status Chief Executive Officer
----------------------------- ----------------------------------------------
b) Initial notification/ Initial Notification
amendment
----------------------------- ----------------------------------------------
3. Details of the Issuer
-----------------------------------------------------------------------------
a) Name TheWorks.co.uk plc
----------------------------- ----------------------------------------------
b) LEI code 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 1 pence each
the financial ISIN: GB00BF5HBF20
instrument
Identification
code
----------------------------- ----------------------------------------------
b) Nature of the Grant of awards over ordinary shares
transaction under the Company's Long Term Incentive
Plan
----------------------------- ----------------------------------------------
c) Price(s) and volumes(s) LTIP Award Price Volume
Nil cost award 388,456
--------
CSOP Award Price Volume
81p (per share exercise
price payable to
exercise the option
in due course) 37,037
-------
----------------------------- ----------------------------------------------
d) Aggregated information
* Aggregate volume
Awards granted over 425,493 ordinary
shares in total
* Price N/A
----------------------------- ----------------------------------------------
e) Date of the transaction 2019-09-03
----------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
----------------------------- ----------------------------------------------
1. Details of the Person Discharging Managerial Responsibility
("PDMR")/person closely associated with them ("PCA")
a) Name Gavin Peck
----------------------------- ----------------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------
a) Position/status Chief Financial Officer
----------------------------- ----------------------------------------------
b) Initial notification/ Initial Notification
amendment
----------------------------- ----------------------------------------------
3. Details of the Issuer
-----------------------------------------------------------------------------
a) Name TheWorks.co.uk plc
----------------------------- ----------------------------------------------
b) LEI code 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 1 pence each
the financial
instrument ISIN: GB00BF5HBF20
Identification
code
----------------------------- ----------------------------------------------
b) Nature of the Grant of awards over ordinary shares
transaction under the Company's Long Term Incentive
Plan
----------------------------- ----------------------------------------------
c) Price(s) and volumes(s) LTIP Award Price Volume
Nil cost award 250,617
--------
CSOP Award Price Volume
81p (per share exercise
price payable to
exercise the option
in due course) 37,037
-------
----------------------------- ----------------------------------------------
d) Aggregated information
* Aggregate volume
Awards granted over 287,654 ordinary
shares in total
* Price
N/A
----------------------------- ----------------------------------------------
e) Date of the transaction 2019-09-03
----------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
----------------------------- ----------------------------------------------
1. Details of the Person Discharging Managerial Responsibility
("PDMR")/person closely associated with them ("PCA")
a) Name Andrea Bennett
----------------------------- ----------------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------
a) Position/status Director / PDMR
----------------------------- ----------------------------------------------
b) Initial notification/ Initial Notification
amendment
----------------------------- ----------------------------------------------
3. Details of the Issuer
-----------------------------------------------------------------------------
a) Name TheWorks.co.uk plc
----------------------------- ----------------------------------------------
b) LEI code 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 1 pence each
the financial
instrument ISIN: GB00BF5HBF20
Identification
code
----------------------------- ----------------------------------------------
b) Nature of the Grant of awards over ordinary shares
transaction under the Company's Long Term Incentive
Plan
----------------------------- ----------------------------------------------
c) Price(s) and volumes(s) LTIP Award
Price Volume
Nil cost award 143,321
--------
CSOP Award Price Volume
81p (per share exercise
price payable to
exercise the option
in due course 37,037
-------
----------------------------- ----------------------------------------------
d) Aggregated information
* Aggregate volume
Awards granted over 180,358 ordinary
shares in total
* Price
N/A
----------------------------- ----------------------------------------------
e) Date of the transaction 2019-09-03
----------------------------- ----------------------------------------------
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.
END
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