Director/PDMR Shareholding
28 November 2024
WORKSPACE® GROUP PLC
DIRECTOR/PDMR SHAREHOLDING
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Persons Closely Associated with them
Workspace Group PLC (the "Company") announces that, on 28 November 2024, two conditional share awards (the "Awards") over ordinary shares in the Company were granted to Lawrence Hutchings (a person discharging managerial responsibility for the Company) (the "PDMR") under the Workspace Group Long Term Incentive Plan (the "LTIP"). The Awards are 'buyout' awards that have been granted to replace awards that Lawrence Hutchings forfeited on the termination of his previous employment. They will vest subject to the rules of the LTIP, including continued employment and performance conditions where appropriate.
The Awards comprise of two awards of an equal number of shares with a value of £250,000 each at the grant price set out in 4(c) below.
1. | Details of PDMR/person closely associated with them ('PCA') | ||||||||||
a) | Name | Lawrence Hutchings | |||||||||
2. | Reason for the 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 | Workspace Group PLC | |||||||||
b) | LEI | 2138003GUZRFIN3UT430 | |||||||||
4. | Details 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 transaction(s) has been conducted | ||||||||||
a) | Description of the financial instrument | Ordinary Shares of 100p ISIN GB00B67G5X01
| |||||||||
b) | Nature of the transaction | 1. Grant of a conditional award under the LTIP. This Award is subject to the PDMR remaining in employment with the Company until 18 November 2027 (subject to the rules of the LTIP).
2. Grant of a conditional award under the LTIP. This Award is subject to performance conditions over the performance period ending 31 March 2027.
| |||||||||
c) | Price(s) and volume(s) |
| |||||||||
d) | Aggregated information
| N/A
| |||||||||
e) | Date of the transaction | 28 November 2024 | |||||||||
f) | Place of the transaction
| Outside a trading venue | |||||||||
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.