Last checked at 7 Nov 2022 13:00
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)
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d) | Aggregated information
Aggregated volume
Price |
N/A - single transaction
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e) | Date of the transaction | 2022-11-04
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f) | Place of the transaction | Outside a trading venue
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