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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Theworks.co.uk Plc | LSE:WRKS | London | Ordinary Share | GB00BF5HBF20 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.25 | 0.98% | 25.85 | 24.80 | 26.90 | 17,632 | 16:35:02 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Misc General Mdse Stores | 280.1M | 5.27M | 0.0843 | 3.04 | 16M |
From May 2019 to May 2024
TIDMWRKS
RNS Number : 7246Y
TheWorks.co.uk PLC
23 August 2018
23 August 2018
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 22 August 2018, the Company granted awards over ordinary shares of 1 pence each in the Company under the The Works.co.uk 2018 Long Term Incentive Plan ("LTIP Award") and the The Works.co.uk 2018 Long Term Incentive (CSOP Options) Plan ("CSOP Award"):
Hot Features
Premium
Name of Director Position Type of award Number of
/ PDMR / status shares subject
to LTIP Award
LTIP Award
Chief Executive - nil cost
Kevin Keaney Officer option 181,286
------------------ --------------- ----------------
LTIP Award
Chief Financial - nil cost
Gavin Peck Officer option 116,959
------------------ --------------- ----------------
LTIP Award
Trading Director - nil cost
Andrea Bennett - PDMR option 66,885
------------------ --------------- ----------------
On the same date, each individual set out above was granted a tax qualifying CSOP Award over 17,543 shares at a per share exercise price of 171 pence under the The Works.co.uk 2018 Long Term Incentive (CSOP Options) Plan. The CSOP Awards are linked to the LTIP Award such that, at the time of exercise, to the extent that there is a gain in the CSOP Award, the LTIP Award will be forfeited to the value of that gain to ensure that the total pre-tax value of the original LTIP Award delivered to the participant is not increased by the grant of the CSOP Award.
The release of all the above awards is subject to the achievement of performance targets. In respect of these grants the performance conditions will be determined by reference to the Company's Earnings per Share (EPS) over a three year performance period. The release of the awards will be subject to an additional underpin performance condition, such that the awards will only become capable of release if the Board determines that the level of release reflects the overall financial performance of the Company over the performance period. If the underpin performance condition is not met, the awards will lapse in full.
The awards granted to Kevin Keaney and Gavin Peck are subject to a two year holding period beginning on the date on which the awards vest and will be released immediately following the end of the holding period.
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/ Initial Notification
amendment
----------------------------- ---------------------------------
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 Ordinary shares of 1 pence
of the financial each
instrument ISIN: GB00BF5HBF20
Identification
code
----------------------------- ---------------------------------
b) Nature of Grant of awards over ordinary
the transaction shares under the Company's
Long Term Incentive Plan
----------------------------- ---------------------------------
c) Price(s) and LTIP Award
volumes(s) Price Volume
Nil cost award 181,286
--------
CSOP Award
Price Volume
171p (per share
exercise price
payable to exercise
the option in
due course) 17,543
-------
----------------------------- ---------------------------------
d) Aggregated Awards granted over 198,829
information ordinary shares in total
* Aggregate volume N/A
* Price
----------------------------- ---------------------------------
e) Date of the 2018-08-22
transaction
----------------------------- ---------------------------------
f) Place of the Outside a trading venue
transaction
----------------------------- ---------------------------------
1. Details of the Person Discharging Managerial
Responsibility ("PDMR")/person closely
associated with them ("PCA")
a) Name Gavin Peck
----------------------------- ---------------------------------
2. Reason for the notification
----------------------------------------------------------------
a) Position/status Chief Financial Officer
----------------------------- ---------------------------------
b) Initial notification/ Initial Notification
amendment
----------------------------- ---------------------------------
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 Ordinary shares of 1 pence
of the financial each
instrument ISIN: GB00BF5HBF20
Identification
code
----------------------------- ---------------------------------
b) Nature of Grant of awards over ordinary
the transaction shares under the Company's
Long Term Incentive Plan
----------------------------- ---------------------------------
c) Price(s) and LTIP Award
volumes(s) Price Volume
Nil cost award 116,959
--------
CSOP Award
Price Volume
171p (per share
exercise price
payable to exercise
the option in
due course) 17,543
-------
----------------------------- ---------------------------------
d) Aggregated Awards granted over 134,502
information ordinary shares in total
* Aggregate volume N/A
* Price
----------------------------- ---------------------------------
e) Date of the 2018-08-22
transaction
----------------------------- ---------------------------------
f) Place of the Outside a trading venue
transaction
----------------------------- ---------------------------------
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/ Initial Notification
amendment
----------------------------- ---------------------------------
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 Ordinary shares of 1 pence
of the financial each
instrument ISIN: GB00BF5HBF20
Identification
code
----------------------------- ---------------------------------
b) Nature of Grant of awards over ordinary
the transaction shares under the Company's
Long Term Incentive Plan
----------------------------- ---------------------------------
c) Price(s) and LTIP Award
volumes(s) Price Volume
Nil cost award 66,885
-------
CSOP Award
Price Volume
171p (per share
exercise price
payable to exercise
the option in
due course) 17,543
-------
----------------------------- ---------------------------------
d) Aggregated Awards granted over 84,428
information ordinary shares in total
* Aggregate volume N/A
* Price
----------------------------- ---------------------------------
e) Date of the 2018-08-22
transaction
----------------------------- ---------------------------------
f) Place of the Outside a trading venue
transaction
----------------------------- ---------------------------------
For further information, please contact:
Enquiries:
TheWorks.co.uk plc
Kevin Keaney, Chief Executive Officer via Teneo Blue Rubicon
Gavin Peck, Chief Financial Officer
Teneo Blue Rubicon +44 (0) 20 7420 3190
Ben Ullmann
Shona Buchanan
Notes to Editors:
The Works is one of the UK's leading multi-channel specialist retailers of gifts, arts & crafts, stationery, toys and books - offering customers a differentiated proposition as a value alternative to full price specialist retailers. The Works sells its quality products at affordable prices across four specialist categories comprising Kids; Arts, Craft & Hobbies; Stationery; and Family Gifts, which are supplemented by both seasonal and regional offerings.
The Group operates a network of over 447 stores in the UK & Ireland. Stores can be found on high-streets, in retail parks, shopping centres, factory outlets and as concessions in various locations. The Works also has a significant and growing online presence that enables customers to shop any time of the day, with an extended range of products not available in stores. This multi-channel offering is one of the first of its kind in the value retail sector and includes a popular Click & Collect service, driving additional footfall and sales in store.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
August 23, 2018 08:45 ET (12:45 GMT)
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