18 Jun 2020 14:29
18 June 2020
WORKSPACE® GROUP PLC
DIRECTOR/PDMR SHAREHOLDING
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Persons Closely Associated with them
Workspace Group PLC (the "Company") announces that on 18 June 2020, it was notified that each of Graham Clemett and Dave Benson (each a person discharging managerial responsibility for the Company), (the "PDMRs") had received a Conditional Award over Ordinary Shares pursuant to the Workspace Group PLC Long Term Incentive Plan (the "LTIP").
Under the rules of the LTIP, the Company's Remuneration Committee has a discretion to reduce vesting if the extent to which the performance conditions are satisfied is inconsistent with the overall performance of the business, including in circumstances where there would be a significant disparity between the vesting outcome and the underlying performance of the business. The Remuneration Committee intends, if appropriate, to consider whether to exercise this discretion in relation to the 2020 LTIP awards, having regard to any Covid-19 impact on share price.
1. | Details of PDMR/person closely associated with them ('PCA') | ||||||||
a) | Name | Graham Clemett | |||||||
2. | Reason for the 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 | 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 100p ISIN GB00B67G5X01
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b) | Nature of the transaction | Granting of an award over Ordinary Shares pursuant to the Workspace Group PLC Long Term Incentive Plan | |||||||
c) | Price(s) and volume(s) |
| |||||||
d) | Aggregated information
| N/A
| |||||||
e) | Date of the transaction | 18 June 2020 | |||||||
f) | Place of the transaction
| London Stock Exchange, Main Market (XLON) | |||||||
1. | Details of PDMR/person closely associated with them ('PCA') | ||||||||
a) | Name | Dave Benson | |||||||
2. | Reason for the notification
| ||||||||
a) | Position/status | 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 100p ISIN GB00B67G5X01
| |||||||
b) | Nature of the transaction | Granting of an award over Ordinary Shares pursuant to the Workspace Group PLC Long Term Incentive Plan | |||||||
c) | Price(s) and volume(s) |
| |||||||
d) | Aggregated information
| N/A
| |||||||
e) | Date of the transaction | 18 June 2020 | |||||||
f) | Place of the transaction
| London Stock Exchange, Main Market (XLON) | |||||||
Workspace (WKP)