TheWorks plc
("The Works", the "Company" or the "Group")
Director/PDMR Shareholding
The Works, the UK's leading specialist retailer of affordable, screen-free activities for the whole family, today announces that on 1 October 2026, the Company granted awards over ordinary shares of 1 pence each in the Company under its 2018 Long Term Incentive Plan (each an "LTIP Award") as follows:
|
Name of individual |
Position / status |
Type of award |
Number of shares subject to LTIP Award |
|
Gavin Peck |
Chief Executive Officer |
LTIP Award - nil cost option |
610,044 |
|
Rosie Fordham |
Chief Financial Officer |
LTIP Award - nil cost option |
275,768 |
The awards are subject to stretching and equally weighted earnings and share price performance conditions, in line with previous awards.
The awards are 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 ending FY29 and whether any value in the awards at assessment of the performance condition represents a “windfall gain”.
The awards will vest following the assessment of the performance conditions (to the extent that the conditions have been satisfied) and 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 / amendment |
Initial notification | ||||
|
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; | |||||
|
a) |
Description of the financial instrument |
Ordinary shares of £0.01 each ISIN: GB00BF5HBF20 | ||||
|
b) |
Nature of the transaction |
Grant of nil-cost options over ordinary shares under the Company's Long Term Incentive Plan | ||||
|
c) |
Price(s) and volume(s) |
| ||||
|
d) |
Aggregated information Aggregated volume Price |
N/A – single transaction | ||||
|
e) |
Date of the transaction |
1 October 2026 | ||||
|
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 | ||||
|
b) |
Initial notification / amendment |
Initial notification | ||||
|
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; | |||||
|
a) |
Description of the financial instrument |
Ordinary shares of £0.01 each ISIN: GB00BF5HBF20 | ||||
|
b) |
Nature of the transaction |
Grant of nil-cost options over ordinary shares under the Company's Long Term Incentive Plan | ||||
|
c) |
Price(s) and volume(s) |
| ||||
|
d) |
Aggregated information Aggregated volume Price |
N/A – single transaction | ||||
|
e) |
Date of the transaction |
1 October 2026 | ||||
|
f) |
Place of the transaction |
Outside a trading venue | ||||
|
Enquiries: TheWorks.co.uk plc Gavin Peck, CEO Rosie Fordham, CFO |
via Hudson Sandler |
|
Singer Capital Markets (Nomad and Broker) Peter Steel Sara Hale |
020 7496 3000 |
|
Hudson Sandler (Financial PR) Alex Brennan Lucy Wollam |
020 7796 4133 |
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