Director/PDMR Shareholding

RNS Number : 5548F
TheWorks.co.uk PLC
07 November 2022
 

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 4 November 2022, the Company granted options over ordinary shares of 1 pence each ("Shares") in the Company at an exercise price of 29 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 10 October 2022.

 

Name of individual

Position / status

Options granted

Gavin Peck

Chief Executive Officer

31,034

 

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 / 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 options over ordinary shares under the Company's Save As You Earn Plan.

c)

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

£0.29

31,034

d)

Aggregated information

 

Aggregated volume

 

Price

 

 

N/A - single transaction

 

e)

Date of the transaction

2022-11-04

 

f)

Place of the transaction

Outside a trading venue

 

 

 

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END
 
 
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