We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 | |
---|---|---|---|---|---|---|---|---|---|---|
-1.30 | -5.08% | 24.30 | 24.30 | 26.90 | 24.30 | 24.30 | 24.30 | 4,486 | 13:14:18 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Misc General Mdse Stores | 280.1M | 5.27M | 0.0843 | 3.04 | 16M |
TIDMWRKS
RNS Number : 6393P
TheWorks.co.uk PLC
10 October 2023
TheWorks.co.uk plc
(the "Company")
Director/PDMR Shareholding
TheWorks.co.uk plc, the multi-channel value retailer of arts, crafts, toys, books and stationery, today announces that on 9 October 2023, the Company granted awards over ordinary shares of 1 pence each in the Company under the TheWorks.co.uk 2018 Long Term Incentive Plan ("LTIP Award") as follows:
Name of individual Position / status Type of award Number of shares subject to LTIP Award Chief Executive LTIP Award - nil Gavin Peck Officer cost option 1,216,687 ---------------------- ------------------ ---------------- Chief Financial LTIP Award - nil Rosie Fordham Officer (Designate) cost option 450,000 ---------------------- ------------------ ----------------
The vesting of the LTIP Award is subject to the achievement of performance conditions based on (1) earnings assessed following the end of a three year performance period ending with the 2025/2026 financial year and (2) share price performance. The earnings measure and the share price measure will have an equal weighting. The share price performance measure is set out below:
Measure Weighting Threshold (20% Maximum (100% vesting) vesting) Share Price(2) 50% GBP0.50 GBP1.00 ---------- --------------- --------------
(2) Average share price over the period of four weeks beginning with the announcement by the company of its Full Year Trading Update for its 2025/2026 financial year.
The earnings measure will be finalised once the Remuneration Committee has finished its review of the implications for LTIP awards of the prior year adjustments (described in the company's 2023 Annual Report and Accounts).
The whole LTIP Award is subject to an underpin condition in accordance with which the Remuneration Committee may adjust the formulaic vesting outturn having regard to the overall financial performance of the group over the performance period and whether any value in the LTIP Award at assessment of the performance condition represents a "windfall gain".
The LTIP Award will vest following the assessment of the performance conditions (to the extent that the conditions have been satisfied) and, in accordance with the Company's Remuneration Policy, then be subject to a further two-year holding period.
The notifications 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 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 Grant of nil-cost options over ordinary transaction shares under the Company's Long Term Incentive Plan ------------------------- ------------------------------------------------ c) Price(s) and volume(s) Price(s) Volume(s) Nil cost award 1,216,687 ---------- ------------------------- ------------------------------------------------ d) Aggregated information Aggregated volume N/A - single transaction Price ------------------------- ------------------------------------------------ e) Date of the transaction 2023-10-09 ------------------------- ------------------------------------------------ f) Place of the transaction Outside a trading venue ------------------------- ------------------------------------------------ 1. Details of the person discharging managerial responsibilities / person closely associated a) Name Rosie Fordham ------------------------- ------------------------------------------------ 2. Reason for notification --------------------------------------------------------------------------- a) Position / status Chief Financial Officer (Designate) ------------------------- ------------------------------------------------ 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 Grant of nil-cost options over ordinary transaction shares under the Company's Long Term Incentive Plan ------------------------- ------------------------------------------------ c) Price(s) and volume(s) Price(s) Volume(s) Nil cost award 450,000 ---------- ------------------------- ------------------------------------------------ d) Aggregated information Aggregated volume N/A - single transaction Price ------------------------- ------------------------------------------------ e) Date of the transaction 2023-10-09 ------------------------- ------------------------------------------------ f) Place of the transaction Outside a trading venue ------------------------- ------------------------------------------------
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DSHFIFSAIILILIV
(END) Dow Jones Newswires
October 10, 2023 05:42 ET (09:42 GMT)
1 Year Theworks.co.uk Chart |
1 Month Theworks.co.uk Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions