Workspace Group PLC

Director's Dealing • Jun 25, 2019

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RNS Number : 3833D

Workspace Group PLC

25 June 2019

Workspace Group PLC (the "Company")

Director/PDMR Shareholding      

25 June 2019

Workspace Group PLC announces that on 25 June 2019 it was notified that each of Graham Clemett, Angus Boag, Chris Pieroni and John Robson (each a person discharging managerial responsibility for the Company, together the "PDMRs") had disposed of a number of ordinary shares of £1.00 each in the capital of the Company ("Ordinary Shares") in order to satisfy income tax and national insurance liabilities (and associated costs) arising on the vesting of awards under the Workspace Group PLC Long Term Equity Incentive Plan 2008. An announcement detailing the vesting of awards granted under the Workspace Group PLC Long Term Equity Incentive Plan 2008 was released on 24 June 2019.

Following the vesting and subsequent sale of sufficient Ordinary Shares to satisfy income tax and national insurance liabilities (and associated costs), each of the PDMRs (with the exception of Mr. Robson, who was not a member of the Executive Committee at the time the relevant award was granted), is required to retain the balance of Ordinary Shares arising on vesting for 12 months from 23 June 2019.  These are listed as follows:

Graham Clemett:      18,383     Ordinary Shares

Angus Boag:            16,551     Ordinary Shares

Chris Pieroni:           16,551     Ordinary Shares

John Robson:             3,615     Ordinary Shares

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

1.

Details of PDMR/person closely associated with them ('PCA')

a)

Name

Graham Clemett 

2.

Reason for the notification

a)

Position/status

Interim CEO and 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

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 £1.00 each

ISIN: GB00B67G5X01

b)

Nature of the transaction

Sale of 16,633 Ordinary Shares to satisfy tax and national insurance liabilities.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
8.887102p	16,633 shares

d)

Aggregated information

N/A

e)

Date of the transaction

25 June 2019

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

1.

Details of PDMR/person closely associated with them ('PCA')

a)

Name

Angus Boag 

2.

Reason for the notification

a)

Position/status

Development Director

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 £1.00 each

ISIN: GB00B67G5X01

b)

Nature of the transaction

Sale of 14,975 Ordinary Shares to satisfy tax and national insurance liabilities.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
8.887102p	14,975 shares

d)

Aggregated information

N/A

e)

Date of the transaction

25 June 2019

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

1.

Details of PDMR/person closely associated with them ('PCA')

a)

Name

Chris Pieroni  

2.

Reason for the notification

a)

Position/status

Operations Director

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 £1.00 each

ISIN: GB00B67G5X01

b)

Nature of the transaction

Sale of 14,975 Ordinary Shares to satisfy tax and national insurance liabilities.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
8.887102p	14,975 shares

d)

Aggregated information

N/A

e)

Date of the transaction

25 June 2019

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

1.

Details of PDMR/person closely associated with them ('PCA')

a)

Name

John Robson  

2.

Reason for the notification

a)

Position/status

Asset Management Director

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 £1.00 each

ISIN: GB00B67G5X01

b)

Nature of the transaction

Sale of 3,272 Ordinary Shares to satisfy tax and national insurance liabilities.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
8.887102p	3,272 shares

d)

Aggregated information

N/A

e)

Date of the transaction

25 June 2019

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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