TIDMWKP

RNS Number : 4133Q

Workspace Group PLC

18 June 2020

18 June 2020

WORKSPACE(R) GROUP PLC

DIRECTOR/PDMR SHAREHOLDING

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Persons Closely Associated with them

Workspace Group PLC (the " Company ") announces that on 18 June 2020, it was notified that each of Graham Clemett and Dave Benson (each a person discharging managerial responsibility for the Company), (the " PDMRs ") had received a Conditional Award over Ordinary Shares pursuant to the Workspace Group PLC Long Term Incentive Plan (the " LTIP ").

Under the rules of the LTIP, the Company's Remuneration Committee has a discretion to reduce vesting if the extent to which the performance conditions are satisfied is inconsistent with the overall performance of the business, including in circumstances where there would be a significant disparity between the vesting outcome and the underlying performance of the business. The Remuneration Committee intends, if appropriate, to consider whether to exercise this discretion in relation to the 2020 LTIP awards, having regard to any Covid-19 impact on share price.

 
 1.   Details of PDMR/person closely associated with them ('PCA') 
 a)   Name                                    Graham Clemett 
===  =======================================  ================================ 
 2.   Reason for the 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                                     Workspace Group PLC 
===  =======================================  ================================ 
 b)   LEI                                      2138003GUZRFIN3UT430 
===  =======================================  ================================ 
 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 transaction(s) 
       has been conducted 
===  ========================================================================= 
 a)   Description         Ordinary Shares of 100p ISIN GB00B67G5X01 
       of the financial 
       instrument 
===  ==================  ===================================================== 
 b)   Nature of           Granting of an award over Ordinary Shares pursuant 
       the transaction     to the Workspace Group PLC Long Term Incentive 
                           Plan 
===  ==================  ===================================================== 
 c)   Price(s)                       Price(s)            Volume(s) 
       and volume(s)             1.   Nil consideration   139,638 
                                     ------------------  ---------- 
===  ==================  ===================================================== 
 d)   Aggregated          N/A 
       information 
===  ==================  ===================================================== 
 e)   Date of             18 June 2020 
       the transaction 
===  ==================  ===================================================== 
 f)   Place of           London Stock Exchange, Main Market ( XLON) 
       the transaction 
     ==================  ===================================================== 
 
 
 
 1.   Details of PDMR/person closely associated with them ('PCA') 
 a)   Name                                    Dave Benson 
===  =======================================  ================================ 
 2.   Reason for the 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                                     Workspace Group PLC 
===  =======================================  ================================ 
 b)   LEI                                      2138003GUZRFIN3UT430 
===  =======================================  ================================ 
 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 transaction(s) 
       has been conducted 
===  ========================================================================= 
 a)   Description         Ordinary Shares of 100p ISIN GB00B67G5X01 
       of the financial 
       instrument 
===  ==================  ===================================================== 
 b)   Nature of           Granting of an award over Ordinary Shares pursuant 
       the transaction     to the Workspace Group PLC Long Term Incentive 
                           Plan 
===  ==================  ===================================================== 
 c)   Price(s)                       Price(s)            Volume(s) 
       and volume(s)             1.   Nil consideration   96,089 
                                     ------------------  ---------- 
===  ==================  ===================================================== 
 d)   Aggregated          N/A 
       information 
===  ==================  ===================================================== 
 e)   Date of             18 June 2020 
       the transaction 
===  ==================  ===================================================== 
 f)   Place of           London Stock Exchange, Main Market ( XLON) 
       the transaction 
     ==================  ===================================================== 
 
 

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END

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June 18, 2020 09:29 ET (13:29 GMT)

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