TheWorks.co.uk plc
(the "Company" or
the "Group")
Purchase of Shares for the Employee
Benefit Trust
The Company has been notified by the
Trustee of the TheWorks.co.uk Employee Benefit Trust (the
"EBT") that on 2 October
2024 the EBT purchased a total of 1,184,549 ordinary shares of 1
penny each in the Company (the "Shares") at a price of 25.2 pence per
share.
The Shares will be held in the EBT,
which is a discretionary trust for the benefit of the Group's
employees. The Shares will be used to satisfy the vesting and
exercise of awards over shares under the Company's executive and
employee share plans, including to Executive Directors and Persons
Discharging Managerial Responsibility ("PDMRs") of the Company.
Following this purchase, which was
recommended by the Board as indicated in the Company's preliminary
results announcement on 1 October 2024, the EBT holds a total of
2,287,350 ordinary shares, 3.66% of the Company's issued share
capital. The Board does not currently intend to recommend to the
EBT to make any further market purchases of shares.
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Enquiries:
TheWorks.co.uk
plc
Gavin Peck, CEO
Rosie Fordham, CFO
|
via Sanctuary Counsel
|
|
Singer Capital
Markets (Nomad and Broker)
Peter Steel
Alaina Wong
Jalini Kalaravy
|
020 7496 3000
|
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Sanctuary
Counsel
Ben Ullmann
Rachel Miller
Kitty Ryder
|
0207 340 0395
theworks@sanctuarycounsel.com
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TR-1:
Standard form for notification of major holdings
1.
Issuer Details
ISIN
GB00BF5HBF20
Issuer Name
THEWORKS.CO.UK PLC
UK
or Non-UK Issuer
Non-UK
2.
Reason for Notification
An acquisition or disposal of voting
rights
3.
Details of person subject to the notification
obligation
Name
Apex Group Trustee Services Limited
as Trustee of TheWorks.co.uk Employee Benefit Trust
City
of registered office (if applicable)
St Helier
Country of registered office (if applicable)
Jersey
4.
Details of the shareholder
Full
name of shareholder(s) if different from the person(s) subject to
the notification obligation, above
City
of registered office (if applicable)
Country of registered office (if applicable)
5.
Date on which the threshold was crossed or
reached
02-Oct-2024
6.
Date on which Issuer notified
02-Oct-2024
7.
Total positions of person(s) subject to the notification
obligation
|
|
% of
voting rights attached to shares (total of 8.A)
|
% of
voting rights through financial instruments (total of 8.B 1 + 8.B
2)
|
Total of both in % (8.A + 8.B)
|
Total number of voting rights held in issuer
|
|
Resulting situation on the date on
which threshold was crossed or reached
|
3.66
|
0.00
|
3.66
|
2,287,350
|
|
Position of previous notification
(if applicable)
|
|
|
|
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8.
Notified details of the resulting situation on the date on which
the threshold was crossed or reached
8A.
Voting rights attached to shares
|
Class/Type of shares ISIN code(if possible)
|
Number of direct voting rights (DTR5.1)
|
Number of indirect voting rights (DTR5.2.1)
|
% of
direct voting rights (DTR5.1)
|
% of
indirect voting rights (DTR5.2.1)
|
|
GB00BF5HBF20
|
2,287,350
|
|
3.66
|
|
|
Sub Total 8.A
|
2,287,350
|
3.66%
|
8B1. Financial Instruments according to (DTR5.3.1R.(1)
(a))
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Type
of financial instrument
|
Expiration date
|
Exercise/conversion period
|
Number of voting rights that may be acquired if the instrument
is exercised/converted
|
% of
voting rights
|
|
|
|
|
|
|
|
Sub Total 8.B1
|
|
|
|
8B2. Financial Instruments with similar economic effect
according to (DTR5.3.1R.(1) (b))
|
Type
of financial instrument
|
Expiration date
|
Exercise/conversion period
|
Physical or cash settlement
|
Number of voting rights
|
% of
voting rights
|
|
|
|
|
|
|
|
|
Sub Total 8.B2
|
|
|
|
9.
Information in relation to the person subject to the notification
obligation
1. Person subject to the notification
obligation is not controlled by any natural person or legal entity
and does not control any other undertaking(s) holding directly or
indirectly an interest in the (underlying) issuer.
|
Ultimate controlling person
|
Name
of controlled undertaking
|
% of
voting rights if it equals or is higher than the notifiable
threshold
|
% of
voting rights through financial instruments if it equals or is
higher than the notifiable threshold
|
Total of both if it equals or is higher than the notifiable
threshold
|
|
|
|
|
|
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10.
In case of proxy voting
Name
of the proxy holder
The
number and % of voting rights held
The
date until which the voting rights will be held
11.
Additional Information
12.
Date of Completion
2 October 2024
13.
Place Of Completion
St Helier, Jersey
