Annual Financial Report and Notice of the AGM

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

3 August 2021

Publication of Annual Financial Report and Notice of the Annual General Meeting

TheWorks.co.uk plc has today published the following documents:

These documents are available on the Company's website at www.theworksplc.co.uk, and printed copies will be posted to shareholders today.

In compliance with LR 9.6.1 copies of the above documents have been submitted to the National Storage Mechanism for submission to the Financial Conduct Authority and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism 

The Company's AGM will be held on Thursday 30 September 2021 at 9.00 a.m.

At the time of publication of the Notice of AGM, it is anticipated that the AGM will proceed as an open meeting. However, given ongoing uncertainty, and bearing in mind the broader public health considerations and for the safety of others, any shareholders wishing to attend the AGM in person are asked to register their intention to do so as soon as possible and be no later than 5.00pm on 28 September 2021, by emailing [email protected]. Any such communication will not provide a guarantee of admittance to the AGM where to do so would be in breach of any official guidelines governing public gatherings at the time and/or the need to protect the health and safety of those already in the meeting.

Shareholders can exercise their votes by submitting their proxy electronically or by post as soon as possible, and these must be received by no later than 9.00am on 28 September 2021. Shareholders who wish to appoint a proxy are recommended to appoint the Chair of the Meeting as their proxy. In light of the uncertainty around whether any restrictions on attendance may be in place at the time, if a shareholder appoints someone else as their proxy, that proxy may not be able to attend the AGM in order to cast the shareholder's vote.

We will continue to monitor government guidance in relation to the COVID-19 pandemic, and if any changes to the arrangements are required, we will communicate these via a regulatory information service and the Company's website.

A condensed set of the TheWorks.co.uk plc financial statements, including information on important events that have occurred during the year and their impact on the financial statements, and a description of the Group's principal risks and uncertainties, were included in the Company's Preliminary Results for the 53 weeks to 2 May 2021, released on 20 July 2021. To view the Preliminary Results announcement, visit the Company website at www.theworksplc.co.uk/investors. That information, together with the information set out in the Appendix below, which is extracted from the FY21 Annual Report, constitute the information required under DTR 6.3.5R to be communicated to the media in unedited full text through a Regulatory Information Service.

This announcement is not a substitute for reading the FY21 Annual Report. Cross-references and page numbers in the extracted information below refer to sections in the FY21 Annual Report. The information contained in this announcement and in the Preliminary Results announcement does not constitute the Group's statutory accounts but is derived from those accounts.  The statutory accounts for the 53 weeks ended 2 May 2021 have been approved by the Board and will be delivered to the Registrar of Companies following the Company's AGM.

APPENDIX

Statement of Directors' Responsibilities (FY21 Annual Report - page 64)

The Directors are responsible for preparing the Annual Report and the Group and Parent Company financial statements in accordance with applicable law and regulations.

Company law requires the Directors to prepare Group and Parent Company financial statements for each financial year. Under that law, they are required to prepare the Group financial statements in accordance with International accounting standards in conformity with the Companies Act 2006 and applicable law and have elected to prepare the Parent Company financial statements in accordance with accounting standards including FRS 101 Reduced Disclosure Framework. In addition the Group financial statements are required under the UK Disclosure Guidance and Transparency Rules to be prepared in accordance with International Financial Reporting Standards adopted pursuant to Regulation (EC) No 1606/2002 as it applies in the European Union ("IFRSs as adopted by the EU").

Under company law, the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and Parent Company and of their profit or loss for that period. In preparing each of the Group and Parent Company financial statements, the Directors are required to:

The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Parent Company's transactions and disclose with reasonable accuracy at any time the financial position of the Parent Company and that enable them to ensure that its financial statements comply with the Companies Act 2006. They are responsible for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error, and have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the Group and to prevent and detect fraud and other irregularities.

Under applicable law and regulations, the Directors are also responsible for preparing a Strategic report, Directors' report, Directors' Remuneration Report and Corporate Governance report that comply with that law and those regulations.

The Directors are responsible for the maintenance and integrity of the corporate and financial information included on the Company's website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Responsibility statement of the Directors in respect of the Annual Financial Report

We confirm that to the best of our knowledge:

We consider that the Annual Report and Accounts, taken as a whole, is fair, balanced and understandable and provides the information necessary for shareholders to assess the Group's position and performance, business model and strategy.