Director/PDMR Shareholding - Employee SAYE Plan

RNS Number : 7851J

TheWorks.co.uk PLC

21 August 2019

 

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                                                                         [phone]

Ben Foster

Haya Herbert-Burns

 

END

 

 

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