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25 Jun 2019 14:46
Workspace Group PLC (the "Company")
Director/PDMR Shareholding
25 June 2019
Workspace Group PLC announces that on 25 June 2019 it was notified that each of Graham Clemett, Angus Boag, Chris Pieroni and John Robson (each a person discharging managerial responsibility for the Company, together the "PDMRs") had disposed of a number of ordinary shares of £1.00 each in the capital of the Company ("Ordinary Shares") in order to satisfy income tax and national insurance liabilities (and associated costs) arising on the vesting of awards under the Workspace Group PLC Long Term Equity Incentive Plan 2008. An announcement detailing the vesting of awards granted under the Workspace Group PLC Long Term Equity Incentive Plan 2008 was released on 24 June 2019.
Following the vesting and subsequent sale of sufficient Ordinary Shares to satisfy income tax and national insurance liabilities (and associated costs), each of the PDMRs (with the exception of Mr. Robson, who was not a member of the Executive Committee at the time the relevant award was granted), is required to retain the balance of Ordinary Shares arising on vesting for 12 months from 23 June 2019. These are listed as follows:
Graham Clemett: 18,383 Ordinary Shares
Angus Boag: 16,551 Ordinary Shares
Chris Pieroni: 16,551 Ordinary Shares
John Robson: 3,615 Ordinary Shares
The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.
1. | Details of PDMR/person closely associated with them ('PCA') | |||||
a) | Name | Graham Clemett | ||||
2. | Reason for the notification | |||||
a) | Position/status | Interim CEO and 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 | 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 of the financial instrument | Ordinary shares of £1.00 each ISIN: GB00B67G5X01
| ||||
b) | Nature of the transaction | Sale of 16,633 Ordinary Shares to satisfy tax and national insurance liabilities.
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
| N/A
| ||||
e) | Date of the transaction | 25 June 2019 | ||||
f) | Place of the transaction
| London Stock Exchange, Main Market (XLON) | ||||
1. | Details of PDMR/person closely associated with them ('PCA') | |||||
a) | Name | Angus Boag | ||||
2. | Reason for the notification | |||||
a) | Position/status | Development Director | ||||
b) | Initial notification/ amendment | Initial notification | ||||
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 of the financial instrument | Ordinary shares of £1.00 each ISIN: GB00B67G5X01
| ||||
b) | Nature of the transaction | Sale of 14,975 Ordinary Shares to satisfy tax and national insurance liabilities.
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
| N/A
| ||||
e) | Date of the transaction | 25 June 2019 | ||||
f) | Place of the transaction
| London Stock Exchange, Main Market (XLON) | ||||
1. | Details of PDMR/person closely associated with them ('PCA') | |||||
a) | Name | Chris Pieroni | ||||
2. | Reason for the notification | |||||
a) | Position/status | Operations Director | ||||
b) | Initial notification/ amendment | Initial notification | ||||
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 of the financial instrument | Ordinary shares of £1.00 each ISIN: GB00B67G5X01
| ||||
b) | Nature of the transaction | Sale of 14,975 Ordinary Shares to satisfy tax and national insurance liabilities.
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
| N/A
| ||||
e) | Date of the transaction | 25 June 2019 | ||||
f) | Place of the transaction
| London Stock Exchange, Main Market (XLON) | ||||
1. | Details of PDMR/person closely associated with them ('PCA') | |||||
a) | Name | John Robson | ||||
2. | Reason for the notification | |||||
a) | Position/status | Asset Management Director | ||||
b) | Initial notification/ amendment | Initial notification | ||||
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 of the financial instrument | Ordinary shares of £1.00 each ISIN: GB00B67G5X01
| ||||
b) | Nature of the transaction | Sale of 3,272 Ordinary Shares to satisfy tax and national insurance liabilities.
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
| N/A
| ||||
e) | Date of the transaction | 25 June 2019 | ||||
f) | Place of the transaction
| London Stock Exchange, Main Market (XLON) | ||||
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