TheWorks.co.uk PLC Director/PDMR Shareholding (0608O)

TIDMWRKS

RNS Number : 0608O

TheWorks.co.uk PLC

28 September 2023

TheWorks.co.uk plc (the "Company")

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and their Closely Associated Persons

The Company announces that Gavin Peck (Chief Executive Officer) has elected to withdraw his cash contributions made in accordance with his savings contract under the Company's 2021 Save As You Earn (SAYE) scheme in order to be eligible to participate in the 2023 SAYE scheme which is due to launch in October 2023. Therefore, the options granted to him under the 2021 SAYE have lapsed.

The SAYE is an all-employee scheme approved by HM Revenue and Customs. The SAYE exercise price for the options granted in 2021 was 55 pence per share, which is above the prevailing share price.

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

 
 1.         Details of PDMR / person closely associated with them 
             ( 'PCA') 
       a)   Name                       Gavin Peck 
           -------------------------  ---------------------------------------------------- 
 2.         Details of PDMR / person closely associated with them 
             ( 'PCA') 
           ------------------------------------------------------------------------------- 
       a)   Position / status          Chief Executive Officer 
           -------------------------  ---------------------------------------------------- 
       b)   Initial notification       Initial notification 
             / amendment 
           -------------------------  ---------------------------------------------------- 
 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             Ordinary shares of GBP0.01 each 
             the financial 
             instrument                 ISIN: GB00BF5HBF20 
           -------------------------  ---------------------------------------------------- 
       b)   Nature of the                         Lapse of SAYE options on withdrawal of 
             transaction                           cash contributions 
           -------------------------  ---------------------------------------------------- 
       c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                          Nil         16,363 
                                                     ---------- 
           -------------------------  ---------------------------------------------------- 
       d)   Aggregated information 
 
             Aggregated volume           N/A - Single transaction 
 
             Price 
           -------------------------  ---------------------------------------------------- 
       e)   Date of the transaction    2023-09-25 
           -------------------------  ---------------------------------------------------- 
       f)   Place of the transaction   Outside a trading venue 
           -------------------------  ---------------------------------------------------- 
 
 

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September 28, 2023 12:04 ET (16:04 GMT)