Director/PDMR Shareholding

RNS Number : 4133Q

Workspace Group PLC

18 June 2020

 

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)	Descriptionofthe financial instrument	Ordinary Shares of 100p ISIN GB00B67G5X01
b)	Nature ofthetransaction	Granting of an award over Ordinary Shares pursuant to the Workspace Group PLC Long Term Incentive Plan
c)	Price(s)and volume(s)	Price(s) Volume(s) 1.  Nil consideration 139,638
d)	Aggregated information	N/A
e)	Date ofthe transaction	18 June 2020
f)	Placeofthe 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)	Descriptionofthe financial instrument	Ordinary Shares of 100p ISIN GB00B67G5X01
b)	Nature ofthetransaction	Granting of an award over Ordinary Shares pursuant to the Workspace Group PLC Long Term Incentive Plan
c)	Price(s)and volume(s)	Price(s) Volume(s) 1.  Nil consideration 96,089
d)	Aggregated information	N/A
e)	Date ofthe transaction	18 June 2020
f)	Placeofthe transaction	London Stock Exchange, Main Market ( XLON)

 

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