REG - RWS Holdings PLC - Director/PDMR Shareholding
RNS Number : 8109MRWS Holdings PLC25 January 2021
For immediate release 25 January 2021
RWS Holdings plc
Notification and public disclosure of transactions by PDMRs
RWS Holdings plc ("RWS"), the world's leading language services and technology group, announces that on 22 January 2021, options relating to ordinary shares ("Shares") of 1 pence each in the capital of the Company ("Options") were granted under the RWS Long Term Incentive Plan ("LTIP") to the following persons discharging managerial responsibilities ("PDMRs") as set out below:
PDMR
Position
No. of Shares under Option
Exercise Price per Share
Richard Thompson
Chief Executive Officer
222,469
1 pence
Des Glass
Chief Financial Officer
121,662
1 pence
Joe Lugo
Chief Operating Officer
77,662
1 pence
Thomas Labarthe
President, RWS Language Services & Technology
58,965
1 pence
Jon Hart
President, RWS Regulated Industries
50,649
1 pence
Neil Simpkin
President, RWS IP Services
64,886
1 pence
Azad Ootam
Chief Technology Officer
48,572
1 pence
Maria Schnell
SVP, Language Delivery
34,637
1 pence
Christopher Lewey
Group Corporate Development Director
46,347
1 pence
Senior managers at RWS
Various
1,004,324
1 pence
The extent to which the Options will vest will be dependent (with 50:50 weighting) on earnings per share ("EPS") targets for the financial year ending 30 September 2023 and total shareholder return ("TSR") performance over a period ending on 30 September 2023 relative to a comparator group. In each case the proportion of Options vesting will be calculated on a sliding scale by reference to these targets. The targets for the EPS element will be set by the Remuneration Committee by no later than 22 April 2021. The comparator group for the TSR element is the constituents of the FTSE 250 Index (excluding investment trusts) as at the grant date, which is the start of the measurement period for the TSR element.
The Options have a normal vesting date on the third anniversary of the grant date and ordinarily will be forfeited in the event of cessation of employment ahead of the vesting date. The Options granted to Richard Thompson and Des Glass are each subject to a holding period condition under which any shares acquired under the Options (net of sales for tax and national insurance) must be retained until at least the fifth anniversary of the grant date.
Once vested, Options ordinarily will remain exercisable in respect of their vested shares until the tenth anniversary of the award's grant date.
For further information, please contact:
RWS Holdings plc
Andrew Brode, Chairman
Richard Thompson, Chief Executive Officer
Des Glass, Chief Financial Officer
01753 480796
MHP (Financial PR advisor)
Katie Hunt / Simon Hockridge
rws@mhpc.com
0203 128 8100
Numis (Nomad & Joint Broker)
Stuart Skinner / Kevin Cruickshank / Will Baunton
0207 260 1000
Berenberg (Joint Broker)
Ben Wright / Toby Flaux / Alix Mecklenburg-Solodkoff
0203 207 7800
About RWS:
RWS is the world's leading language services and technology group. Over the last 60 years, the company has built a reputation for quality, reliability and flexibility with its global team of translators, searchers and technical experts.
RWS's specialist divisions combine the latest technology, proven processes and highly skilled staff to deliver complex services at each stage of the product lifecycle to meet the diverse needs of a global client base spanning Europe, Asia Pacific, and North and South America across a range of sectors including technology, pharmaceutical, medical, chemical, automotive, and telecommunications.
With headquarters in the UK, RWS is publicly listed on AIM, the London Stock Exchange regulated market (RWS.L).
For further information, please visit: www.rws.com
The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.
1.
Details of the person discharging managerial responsibilities / person closely associated
a.
Name
Richard Thompson
2.
Reason for the notification
a.
Position/status
Chief Executive Officer
b.
Initial notification/Amendment
Initial Announcement
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.
Name
RWS Holdings plc
b.
LEI
213800YGBGTTSKUVK111
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 transactions have been conducted
a.
Description of the
Financial instrument, type
of instrument
Identification code
Ordinary shares of 1p each
GB00BVFCZV34
b.
Nature of the transaction
Grant of nominal cost option under the RWS Holdings plc Long Term Incentive Plan with 1p exercise price per share
c.
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
222,469
d.
Aggregated information
· Aggregated volume
· Price
N/A single transaction
e.
Date of the transaction
22 January 2021
f.
Place of the transaction
Outside a trading venue
1.
Details of the person discharging managerial responsibilities / person closely associated
a.
Name
Des Glass
2.
Reason for the notification
a.
Position/status
Chief Financial Officer
b.
Initial notification/Amendment
Initial Announcement
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.
Name
RWS Holdings plc
b.
LEI
213800YGBGTTSKUVK111
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 transactions have been conducted
a.
Description of the
Financial instrument, type
of instrument
Identification code
Ordinary shares of 1p each
GB00BVFCZV34
b.
Nature of the transaction
Grant of nominal cost option under the RWS Holdings plc Long Term Incentive Plan with 1p exercise price per share
c.
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
121,662
d.
Aggregated information
· Aggregated volume
· Price
N/A single transaction
e.
Date of the transaction
22 January 2021
f.
Place of the transaction
Outside a trading venue
1.
Details of the person discharging managerial responsibilities / person closely associated
a.
Name
Joe Lugo
2.
Reason for the notification
a.
Position/status
Chief Operating Officer
b.
Initial notification/Amendment
Initial Announcement
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.
Name
RWS Holdings plc
b.
LEI
213800YGBGTTSKUVK111
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 transactions have been conducted
a.
Description of the
Financial instrument, type
of instrument
Identification code
Ordinary shares of 1p each
GB00BVFCZV34
b.
Nature of the transaction
Grant of nominal cost option under the RWS Holdings plc Long Term Incentive Plan with 1p exercise price per share
c.
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
77,662
d.
Aggregated information
· Aggregated volume
· Price
N/A single transaction
e.
Date of the transaction
22 January 2021
f.
Place of the transaction
Outside a trading venue
1.
Details of the person discharging managerial responsibilities / person closely associated
a.
Name
Thomas Labarthe
2.
Reason for the notification
a.
Position/status
President, RWS Language Services & Technology
b.
Initial notification/Amendment
Initial Announcement
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.
Name
RWS Holdings plc
b.
LEI
213800YGBGTTSKUVK111
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 transactions have been conducted
a.
Description of the
Financial instrument, type
of instrument
Identification code
Ordinary shares of 1p each
GB00BVFCZV34
b.
Nature of the transaction
Grant of nominal cost option under the RWS Holdings plc Long Term Incentive Plan with 1p exercise price per share
c.
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
58,965
d.
Aggregated information
· Aggregated volume
· Price
N/A single transaction
e.
Date of the transaction
22 January 2021
f.
Place of the transaction
Outside a trading venue
1.
Details of the person discharging managerial responsibilities / person closely associated
a.
Name
Jon Hart
2.
Reason for the notification
a.
Position/status
President, RWS Regulated Industries
b.
Initial notification/Amendment
Initial Announcement
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.
Name
RWS Holdings plc
b.
LEI
213800YGBGTTSKUVK111
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 transactions have been conducted
a.
Description of the
Financial instrument, type
of instrument
Identification code
Ordinary shares of 1p each
GB00BVFCZV34
b.
Nature of the transaction
Grant of nominal cost option under the RWS Holdings plc Long Term Incentive Plan with 1p exercise price per share
c.
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
50,649
d.
Aggregated information
· Aggregated volume
· Price
N/A single transaction
e.
Date of the transaction
22 January 2021
f.
Place of the transaction
Outside a trading venue
1.
Details of the person discharging managerial responsibilities / person closely associated
a.
Name
Neil Simpkin
2.
Reason for the notification
a.
Position/status
President, RWS IP Services
b.
Initial notification/Amendment
Initial Announcement
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.
Name
RWS Holdings plc
b.
LEI
213800YGBGTTSKUVK111
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 transactions have been conducted
a.
Description of the
Financial instrument, type
of instrument
Identification code
Ordinary shares of 1p each
GB00BVFCZV34
b.
Nature of the transaction
Grant of nominal cost option under the RWS Holdings plc Long Term Incentive Plan with 1p exercise price per share
c.
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
64,886
d.
Aggregated information
· Aggregated volume
· Price
N/A single transaction
e.
Date of the transaction
22 January 2021
f.
Place of the transaction
Outside a trading venue
1.
Details of the person discharging managerial responsibilities / person closely associated
a.
Name
Azad Ootam
2.
Reason for the notification
a.
Position/status
Chief Technology Officer
b.
Initial notification/Amendment
Initial Announcement
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.
Name
RWS Holdings plc
b.
LEI
213800YGBGTTSKUVK111
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 transactions have been conducted
a.
Description of the
Financial instrument, type
of instrument
Identification code
Ordinary shares of 1p each
GB00BVFCZV34
b.
Nature of the transaction
Grant of nominal cost option under the RWS Holdings plc Long Term Incentive Plan with 1p exercise price per share
c.
Price(s) and volume(s)
Price(s)
Volume(s)
nil
48,572
d.
Aggregated information
· Aggregated volume
· Price
N/A single transaction
e.
Date of the transaction
22 January 2021
f.
Place of the transaction
Outside a trading venue
1.
Details of the person discharging managerial responsibilities / person closely associated
a.
Name
Maria Schnell
2.
Reason for the notification
a.
Position/status
SVP, Language Delivery
b.
Initial notification/Amendment
Initial Announcement
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.
Name
RWS Holdings plc
b.
LEI
213800YGBGTTSKUVK111
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 transactions have been conducted
a.
Description of the
Financial instrument, type
of instrument
Identification code
Ordinary shares of 1p each
GB00BVFCZV34
b.
Nature of the transaction
Grant of nominal cost option under the RWS Holdings plc Long Term Incentive Plan with 1p exercise price per share
c.
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
34,637
d.
Aggregated information
· Aggregated volume
· Price
N/A single transaction
e.
Date of the transaction
22 January 2021
f.
Place of the transaction
Outside a trading venue
1.
Details of the person discharging managerial responsibilities / person closely associated
a.
Name
Christopher Lewey
2.
Reason for the notification
a.
Position/status
Group Corporate Development Director
b.
Initial notification/Amendment
Initial Announcement
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.
Name
RWS Holdings plc
b.
LEI
213800YGBGTTSKUVK111
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 transactions have been conducted
a.
Description of the
Financial instrument, type
of instrument
Identification code
Ordinary shares of 1p each
GB00BVFCZV34
b.
Nature of the transaction
Grant of nominal cost option under the RWS Holdings plc Long Term Incentive Plan with 1p exercise price per share
c.
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
46,347
d.
Aggregated information
· Aggregated volume
· Price
N/A single transaction
e.
Date of the transaction
22 January 2021
f.
Place of the transaction
Outside a trading venue
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