REG - RWS Holdings PLC - Director/PDMR Shareholding

RWS HoldingsAnnouncement

09/06/2021 13:00

RNS Number : 3549B
  
RWS Holdings PLC
  
09 June 2021
  
 

For immediate release                                                                                                         9 June 2021
 
 RWS Holdings plc
Exercise of options, Share Option Scheme and Grant of Options
RWS Holdings plc ("RWS" or "the Company"), the world's leading provider of technology-enabled language, content management and intellectual property support services, announces the issue of shares following the exercise by an employee of options and the granting of share options under the RWS Share Option Plan 2019 ("the Plan"). The plan is designed to promote the retention, recruitment and incentivization of the Company's leadership team.
Issue of shares
484 new ordinary shares of 1 pence each in RWS ("RWS Shares") have been issued today in order to satisfy the exercise of options by an employee under the RWS Holdings 2019 Sharesave Scheme at 413 pence per share.  Admission is expected to take place at 8.00am on 15 June 2021.
Following the exercise of options, the Company's issued share capital comprises 389,241,616 RWS Shares. RWS has no Shares held in treasury. The above figure includes 55,896 RWS Shares that are held by the RWS Holdings plc Employee Benefit Trust in order to satisfy awards under the Company's employee share schemes.  Therefore shareholders may use the figure of 389,185,720 as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, RWS under the Financial Conduct Authority's Disclosure and Transparency Rules.
Granting of share options
On 9 June 2021, the RWS Board approved the following grant of options over 34,192 RWS Shares at an exercise price of 613 pence (being the closing mid-market price on 8 June 2021, the business day preceding the date of grant), representing approximately 0.01 per cent of the Company's issued share capital. 




Name


Position


Grant of options




Neil Simpkin


President, RWS IP Services 


34,192




 
These options will normally vest on the third anniversary of the grant date, subject to the rules of the Plan, continued employment and achievement of performance conditions. The performance conditions applicable to the options are based on the Company achieving EPS targets, each option being split into three tranches, each subject to an EPS target for a reporting year set annually in advance by RWS's Remuneration Committee. 
Vested options are then subject to a two-year holding period and will be exercisable on the fifth anniversary of the grant date and will lapse on the tenth anniversary of the grant date. All options are subject to defined malus and clawback provisions.
The information set out below is provided in accordance with the requirements of Article 19(8) of the Market Abuse Regulation (EU) No 596/2014,
 




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 notification




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


1)   Grant of share options over ordinary shares with an exercise price of 613 pence each
 
 
 




c.          


Price(s) and volume(s)


 




 


Exercise Price(s)
 


Volume(s)




Option Grant


Nil


 34,192




 


 


 




 




d.          


Aggregated information
·Aggregated
  volume
·Price
 


 




 


Price(s)
 


Volume(s)




Option Grant


Nil


34,192




 


 


 




 




e.          


Date of the transaction


 9 June 2021




f.          


Place of the transaction


Outside a trading venue
 




 
   
For further information, please visit: www.rws.com. 




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 
 
Berenberg (Joint Broker)
Ben Wright/Toby Flaux/ Alix Mecklenburg-Solodkoff  


 
0207 260 1000
 
 
0203 207 7800
 




 

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