Last checked at 28 Sep 2023 17:04
TheWorks.co.uk plc (the "Company")
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and their Closely Associated Persons
The Company announces that Gavin Peck (Chief Executive Officer) has elected to withdraw his cash contributions made in accordance with his savings contract under the Company's 2021 Save As You Earn (SAYE) scheme in order to be eligible to participate in the 2023 SAYE scheme which is due to launch in October 2023. Therefore, the options granted to him under the 2021 SAYE have lapsed.
The SAYE is an all-employee scheme approved by HM Revenue and Customs. The SAYE exercise price for the options granted in 2021 was 55 pence per share, which is above the prevailing share price.
The notifications below, made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail.
1. | Details of PDMR / person closely associated with them ('PCA') | ||||||
a) | Name | Gavin Peck | |||||
2. | Details of PDMR / person closely associated with them ('PCA') | ||||||
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 | Lapse of SAYE options on withdrawal of cash contributions
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c) | Price(s) and volume(s)
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d) | Aggregated information
Aggregated volume
Price |
N/A - Single transaction | |||||
e) | Date of the transaction | 2023-09-25
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f) | Place of the transaction | Outside a trading venue
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