Director/PDMR Shareholding

RNS Number : 3750K

TheWorks.co.uk PLC

01 September 2021

 

TheWorks.co.uk plc

(the "Company")

Director/PDMR Shareholding

TheWorks.co.uk plc, the multi-channel value retailer of gifts, arts, crafts, toys, books and stationery, today announces that on 31 August 2021, the Company granted options over ordinary shares of 1 pence each ("Shares") in the Company at an exercise price of 55 pence ("Options") under TheWorks.co.uk 2018 Save As You Earn Plan ("SAYE") to Gavin Peck (Chief Executive Officer) as 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 6 August 2021.

Name of individual	Position / status	Options granted
Gavin Peck	Chief Executive Officer	16,363

The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail:

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Gavin Peck
2.	Reason for 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	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	Grant of options over ordinary shares under the Company's Save As You Earn Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.55 16,363
d)	Aggregated information Aggregated volume Price	N/A - single transaction
e)	Date of the transaction	2021-08-31
f)	Place of the transaction	Outside a trading venue

 

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