Business
Director/PDMR Shareholding - Employee SAYE Plan
Director/PDMR Shareholding - Employee SAYE Plan.
About this update from Theworks.co.uk Plc
[{"type":"text","content":"\n \nRNS Number : 7851J TheWorks.co.uk PLC 21 August 2019 \n\n \n21 August 2019\n \nTheWorks.co.uk plc\n(the \"Company\")\n \nNotification of Transactions of Directors and Persons Discharging Managerial Responsibilities\n \n \nTheWorks.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.\n \nAll 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. \n \n \n\n\n\n\nName of Director / PDMR\n\n\nPosition / status\n\n\nOptions granted\n\n\n\n\nKevin Keaney\n\n\nChief Executive Officer\n\n\n15,517\n\n\n\n\nAndrea Bennett\n\n\nTrading Director - PDMR\n\n\n15,517\n\n\n\n\n \nThe Notification of Dealing Forms set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.\n \nNotification of Dealing Form\n \n\n\n\n\n1.\n\n\nDetails of the Person Discharging Managerial Responsibility (\"PDMR\")/person closely associated with them (\"PCA\")\n\n\n\n\na)\n\n\nName\n\n\nKevin Keaney\n\n\n\n\n2.\n\n\nReason for the notification\n\n\n\n\na)\n\n\nPosition/status\n\n\nChief Executive Officer\n\n\n\n\nb)\n\n\nInitial notification/\namendment\n\n\nInitial Notification\n\n\n\n\n3.\n\n\nDetails of the Issuer\n\n\n\n\na)\n\n\nName\n\n\nTheWorks.co.uk plc\n\n\n\n\nb)\n\n\nLEI code\n\n\n894500W7PWBCCWBN9R03\n\n\n\n\n4.\n\n\nDetails 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\n\n\n\n\na)\n\n\nDescription of the financial instrument\n \nIdentification code\n\n\nOrdinary shares of 1 pence each\n \nISIN: GB00BF5HBF20\n\n\n\n\nb)\n\n\nN...