Director/PDMR Shareholding
TheWorks plc announced on October 6, 2026, that its Chief Executive Officer, Gavin Peck, was granted a nil-cost option award for 610,044 ordinary shares, and its Chief Financial Officer, Rosie Fordham, received a similar award for 275,768 ordinary shares, both under the 2018 Long Term Incentive Plan. These awards are contingent upon meeting stringent earnings and share price performance conditions, with vesting subject to a further two-year holding period after assessment, and the Remuneration Committee retaining discretion to adjust outcomes based on overall financial performance and to prevent windfall gains.
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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.
| 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 |
| a) | Name | TheWorks.co.uk plc |
| b) | LEI | 894500W7PWBCCWBN9R03 |
| 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) | Price(s) Volume(s) Nil cost award 610,044 |
| 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 |
| a) | Name | TheWorks.co.uk plc |
| b) | LEI | 894500W7PWBCCWBN9R03 |
| 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) | Price(s) Volume(s) Nil cost award 275,768 |
| 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 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.