Director/PDMR Shareholding

RNS Number : 3833D

Workspace Group PLC

25 June 2019

 

Workspace Group PLC (the "Company")

Director/PDMR Shareholding      

25 June 2019

Workspace Group PLC announces that on 25 June 2019 it was notified that each of Graham Clemett, Angus Boag, Chris Pieroni and John Robson (each a person discharging managerial responsibility for the Company, together the "PDMRs") had disposed of a number of ordinary shares of £1.00 each in the capital of the Company ("Ordinary Shares") in order to satisfy income tax and national insurance liabilities (and associated costs) arising on the vesting of awards under the Workspace Group PLC Long Term Equity Incentive Plan 2008. An announcement detailing the vesting of awards granted under the Workspace Group PLC Long Term Equity Incentive Plan 2008 was released on 24 June 2019.

Following the vesting and subsequent sale of sufficient Ordinary Shares to satisfy income tax and national insurance liabilities (and associated costs), each of the PDMRs (with the exception of Mr. Robson, who was not a member of the Executive Committee at the time the relevant award was granted), is required to retain the balance of Ordinary Shares arising on vesting for 12 months from 23 June 2019.  These are listed as follows:

Graham Clemett:      18,383     Ordinary Shares

Angus Boag:            16,551     Ordinary Shares

Chris Pieroni:           16,551     Ordinary Shares

John Robson:             3,615     Ordinary Shares

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

1.	Details of PDMR/person closely associated with them ('PCA')
a)	Name	Graham Clemett
2.	Reason for the notification
a)	Position/status	Interim CEO and 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 £1.00 each  ISIN: GB00B67G5X01
b)	Nature of the transaction	Sale of 16,633 Ordinary Shares to satisfy tax and national insurance liabilities.
c)	Price(s) and volume(s)	Price(s) Volume(s) 8.887102p 16,633 shares
d)	Aggregated information	N/A
e)	Date of the transaction	25 June 2019
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1.	Details of PDMR/person closely associated with them ('PCA')
a)	Name	Angus Boag
2.	Reason for the notification
a)	Position/status	Development Director
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 £1.00 each  ISIN: GB00B67G5X01
b)	Nature of the transaction	Sale of 14,975 Ordinary Shares to satisfy tax and national insurance liabilities.
c)	Price(s) and volume(s)	Price(s) Volume(s) 8.887102p 14,975 shares
d)	Aggregated information	N/A
e)	Date of the transaction	25 June 2019
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1.	Details of PDMR/person closely associated with them ('PCA')
a)	Name	Chris Pieroni
2.	Reason for the notification
a)	Position/status	Operations Director
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 £1.00 each  ISIN: GB00B67G5X01
b)	Nature of the transaction	Sale of 14,975 Ordinary Shares to satisfy tax and national insurance liabilities.
c)	Price(s) and volume(s)	Price(s) Volume(s) 8.887102p 14,975 shares
d)	Aggregated information	N/A
e)	Date of the transaction	25 June 2019
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1.	Details of PDMR/person closely associated with them ('PCA')
a)	Name	John Robson
2.	Reason for the notification
a)	Position/status	Asset Management Director
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 £1.00 each  ISIN: GB00B67G5X01
b)	Nature of the transaction	Sale of 3,272 Ordinary Shares to satisfy tax and national insurance liabilities.
c)	Price(s) and volume(s)	Price(s) Volume(s) 8.887102p 3,272 shares
d)	Aggregated information	N/A
e)	Date of the transaction	25 June 2019
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

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