REG - RWS Holdings PLC - Director/PDMR Shareholding

RWS HoldingsAnnouncement

25/01/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230125:nRSY7509Na&default-theme=true

RNS Number : 7509N  RWS Holdings PLC  25 January 2023

 

For immediate
release
                             25 January 2023

RWS Holdings plc

Notification and public disclosure of transactions by PDMRs

RWS Holdings plc ("RWS"), a unique world-leading provider of
technology-enabled language, content and intellectual property services,
announces that on 24 January 2023 options relating to ordinary shares
("Shares") of 1 penny each in the capital of the Company ("Options") were
granted under the RWS Holdings plc 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
 Ian El-Mokadem      Chief Executive Officer                      314,207                     1p
 Candida Davies      Chief Financial Officer                      181,516                     1p
 Daniel Bennett      President, IP Services                       72,100                      1p
 Emer Dolan          President, Enterprise Services               78,805                      1p
 Terry Doyle         Chief Information Officer                    63,246                      1p
 Jon Hart            President, Regulated Industries              90,626                      1p
 Jane Hyde           General Counsel and Company Secretary        69,570                      1p
 Thomas Labarthe     President, Language Services and Technology  100,805                     1p
 Christopher Lewey   Group Corporate Development Director         56,635                      1p
 Jim McHugh          Chief People Officer                         57,716                      1p
 Maria Schnell       Chief Language Officer                       62,593                      1p

In addition, Options over 1,400,791 Shares were granted to other senior
managers at RWS with an exercise price of 1p each.

The extent to which the Options will vest will be dependent (with 50:50
weighting) on earnings per share ("EPS") targets set in relation to a
reference three year measurement period ending with the financial year ending
30 September 2025 ("FY 2025") and RWS's total shareholder return ("TSR") over
the same three year period relative to a comparator group (the constituents of
the FTSE 250 Index (excluding investment trusts) as at the start of the
measurement period).

No portion of the EPS element will vest unless EPS for the final year equates
to a compound annual growth rate ("CAGR") in EPS of 4.1 per cent. over the
measurement period, for which one-quarter of the EPS element will vest. Full
vesting of the EPS element requires EPS for the final year equating to a CAGR
in EPS of 10.1 per cent. or better over the measurement period.

No portion of the TSR element will vest unless the Company's TSR performance
over the measurement period is at least median ranking, for which one-quarter
of the TSR element will vest. Full vesting of the TSR element requires upper
quartile ranking performance or better over the same period.

The performance conditions, which will be disclosed in detail in next year's
Directors' Remuneration Report, provide for discretion to be retained by the
Board's Remuneration Committee to adjust the level of vesting that would apply
(including to nil vesting) if it considers this to be appropriate (for example
to counter windfall gains or to have regard to underlying financial
performance and/or the shareholder experience over the measurement period).

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 Ian El-Mokadem and Candida
Davies 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
 01753 480200

Andrew Brode, Chairman

Ian El-Mokadem, Chief Executive Officer

Candida Davies, Chief Financial Officer

 

MHP (Financial PR
advisor)
rws@mhpc.com

Katie Hunt / Simon
Hockridge
020 3128 8100

 

Numis (Nomad & Joint
Broker)
020 7260 1000

Stuart Skinner / Kevin Cruickshank/Will Baunton

 

Berenberg (Joint
Broker)
020 3207 7800

Ben Wright/Toby Flaux/ Alix Mecklenburg-Solodkoff

 

About RWS:

RWS Holdings plc is a unique, world-leading provider of technology-enabled
language, content and intellectual property services. Through content
transformation and multilingual data analysis, our unique combination of
technology and cultural expertise helps our clients to grow by ensuring they
are understood anywhere, in any language.

Our purpose is unlocking global understanding. By combining cultural
understanding, client understanding and technical understanding, our services
and technology assist our clients to acquire and retain customers, deliver
engaging user experiences, maintain compliance and gain actionable insights
into their data and content.

We work with over 80% of the world's top 100 brands, more than three-quarters
of Fortune's 20 'Most Admired Companies' and almost all of the top
pharmaceutical companies, investment banks, law firms and patent filers . Our
client base spans Europe, Asia Pacific and North and South America. Our 65+
global locations across five continents service clients in the automotive,
chemical, financial, legal, medical, pharmaceutical, technology and
telecommunications sectors.

Founded in 1958, RWS is headquartered in the UK and publicly listed on AIM,
the London Stock Exchange regulated market (RWS.L).

For further information, please visit: www.rws.com (http://www.rws.com) .

The information set out below is provided in accordance with the requirements
of the UK Market Abuse Regulation.

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         1.   Ian El-Mokadem

                                                                   2.   Candida Davies

                                                                   3.   Daniel Bennett

                                                                   4.   Emer Dolan

                                                                   5.   Terry Doyle

                                                                   6.   Jon Hart

                                                                   7.   Jane Hyde

                                                                   8.   Thomas Labarthe

                                                                   9.   Christopher Lewey

                                                                   10. Jim McHugh

                                                                   11. Maria Schnell
 2    Reason for the notification

 a)   Position/status                                              1.   Chief Executive Officer

                                                                   2.   Chief Financial Officer

                                                                   3.   President, IP Services

                                                                   4.   President, Enterprise Services

                                                                   5.   Chief Information Officer

                                                                   6.   President, Regulated Industries

                                                                   7.   General Counsel and Company Secretary

                                                                   8.   President, Language Services and Technology

                                                                   9.   Group Corporate Development Director

                                                                   10. Chief People Officer

                                                                   11. Chief Language 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  Ordinary shares of 1p each

                                                                   GB00BVFCZV34

      Identification code

 b)   Nature of the transaction                                    Grant of nominal cost option under the RWS Holdings plc Long Term Incentive

                                                            Plan

 c)   Price(s) and volume(s)

                                                                                        Price(s)             Volume(s)
                                                                                        1.   Nil             1.   314,207

                                                                                        2.   Nil             2.   181,516

                                                                                        3.   Nil             3.   72,100

                                                                                        4.   Nil             4.   78,805

                                                                                        5.   Nil             5.   63,246

                                                                                        6.   Nil             6.   90,626

                                                                                        7.   Nil             7.   69,570

                                                                                        8.   Nil             8.   100,805

                                                                                        9.   Nil             9.   56,635

                                                                                        10. Nil              10. 57,716

                                                                                        11. Nil              11. 62,593

 d)   Aggregated information

      - Aggregated volume                                          1,147,819

      - Price                                                      Nil

 e)   Date of the transaction                                      24 January 2023

 f)   Place of the transaction                                     Outside of a trading venue

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHNKQBPCBKDKDB