Last checked at 21 Aug 2019 10:47
21 August 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 20 August 2019, the Company granted options over ordinary shares of 1 pence ("Shares") each in the Company at an exercise price of 58 pence ("Options") under the TheWorks.co.uk 2018 Save As You Earn Plan ("SAYE") to the Director/PDMR 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 25 July 2019.
Name of Director / PDMR | Position / status | Options granted |
Kevin Keaney | Chief Executive Officer | 15,517 |
Andrea Bennett | Trading Director - PDMR | 15,517 |
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/ amendment | Initial Notification | |
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 the financial instrument
Identification code | Ordinary shares of 1 pence 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 volumes(s) | Price
£0.58
| Volume
15,517 |
d) | Aggregated information - Aggregate volume
- Price
|
15,517
£8,999.86
| |
e) | Date of the transaction | 2019-08-20 | |
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 | Trading Director - PDMR | |
b) | Initial notification/ amendment | Initial Notification | |
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 the financial instrument
Identification code | Ordinary shares of 1 pence 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 volumes(s) | Price
£0.58
| Volume
15,517 |
d) | Aggregated information - Aggregate volume
- Price
|
15,517
£8,999.86
| |
e) | Date of the transaction | 2019-08-20 | |
f) | Place of the transaction | Outside a trading venue | |
Enquiries:
TheWorks.co.uk plc via Teneo
Kevin Keaney, Chief Executive Officer
Gavin Peck, Chief Financial Officer
Teneo +44 20 7420 3190
Ben Foster
Haya Herbert-Burns