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.
| 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 |
| Sanctuary Counsel Ben Ullmann Rachel Miller Kitty Ryder | 0207 340 0395 |
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) | | | | |
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))
| 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 |
|
| | | | |
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
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