21 August 2019
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 20 August 2019, the Company granted options over ordinary shares of 1 pence ("Shares") each in the Company at an exercise price of 58 pence ("Options") under the TheWorks.co.uk 2018 Save As You Earn Plan ("SAYE") to the Director/PDMR 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 25 July 2019.
Name of Director / PDMR |
Position / status |
Options granted |
Kevin Keaney |
Chief Executive Officer |
15,517 |
Andrea Bennett |
Trading Director - PDMR |
15,517 |
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/ amendment |
Initial Notification |
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 of the financial instrument Identification code |
Ordinary shares of 1 pence 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 volumes(s) |
Price £0.58 |
Volume 15,517 |
d) |
Aggregated information - Aggregate volume - Price |
15,517 £8,999.86 |
e) |
Date of the transaction |
2019-08-20 |
f) |
Place of the transaction |
Outside a trading venue |
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/ amendment |
Initial Notification |
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 of the financial instrument Identification code |
Ordinary shares of 1 pence 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 volumes(s) |
Price £0.58 |
Volume 15,517 |
d) |
Aggregated information - Aggregate volume - Price |
15,517 £8,999.86 |
e) |
Date of the transaction |
2019-08-20 |
f) |
Place of the transaction |
Outside a trading venue |
Enquiries:
TheWorks.co.uk plc via Teneo
Kevin Keaney, Chief Executive Officer
Gavin Peck, Chief Financial Officer
Teneo +44 20 7420 3190
Ben Foster
Haya Herbert-Burns
