REG - RWS Holdings PLC - Director/PDMR Shareholding

RWS HoldingsAnnouncement

24/09/2024 07:00

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RNS Number : 3277F  RWS Holdings PLC  24 September 2024

24 September 2024

 

RWS Holdings plc

Notification and public disclosure of transactions by PDMRs

RWS Holdings plc ("RWS" or "the Company"), a unique world-leading provider of
technology-enabled language, content and intellectual property services,
announces the grant of a deferred share award (the "Award") to Candida Davies,
Chief Financial Officer, on 23 September 2024.

Following the announcement of Ian El-Mokadem's intention to step down as Chief
Executive Officer in early 2025, the Board of RWS believes that it is in the
best interests of the Company to ensure the retention of Candida Davies as
Chief Financial Officer. Before granting the Award, the Company consulted with
a number of its largest shareholders who each indicated they were supportive
of the proposal.

The Award has a value on grant equal to 75% of Candida's base salary (equating
to £307,500) and has been granted under the RWS Holdings plc Long Term
Incentive Plan ("LTIP") over 189,908 ordinary shares of 1 pence each in the
Company. Under the LTIP rules, 40% of the Award will vest on the first
anniversary of the grant date and the remaining 60% of the Award will vest on
the second anniversary of the grant date.  Given the primary objective of
this standalone Award is retention, vesting will be conditional on Candida's
continued service, with the Award ordinarily lapsing if she ceases employment
ahead of the respective vesting dates.

This announcement is made in accordance with Article 19(3) of the EU Market
Abuse Regulation 596/2014 (as incorporated into UK domestic law by the
European Union (Withdrawal) Act 2018).

For further information, please contact:

 RWS Holdings plc

 Ian El-Mokadem, Chief Executive Officer           01753 480200

 MHP (Financial PR advisor)                       rws@mhpgroup.com (mailto:rws@mhpgroup.com)

 Katie Hunt / Eleni Menikou / Catherine Chapman   020 3128 8100

                                                  07884 494112
 Deutsche Numis (Nomad & Joint Broker)

 Stuart Skinner / William Wickham                 020 7260 1000

 Berenberg (Joint Broker)

 Ben Wright / Toby Flaux / Milo Bonser            020 3207 7800

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 combination of AI-enabled
technology and human 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.

Over the past 20 years we've been evolving our own AI solutions as well as
helping clients to explore, build and use multilingual AI applications. With
40+ AI-related patents and more than 100 peer-reviewed papers, we have the
experience and expertise to support clients on their AI journey.

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, Africa 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/) .

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a.  Name                                      Candida Davies
 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                        Ordinary shares of 1p each

     Financial instrument, type                GB00BVFCZV34

     of instrument

     Identification code
 b.  Nature of the transaction                 Grant of nil cost options under the RWS Holdings plc Long Term Incentive Plan.
 c.  Price(s) and volume(s)

Price(s)  Volume(s)

                                                Nil      189,908
 d.  Aggregated information

     ·   Aggregated volume                     N/A single transaction

     ·   Price
 e.  Date of the transaction                   23 September 2024
 f.  Place of the transaction                  Outside of a trading venue

d.

Aggregated information

·   Aggregated volume

·   Price

 

N/A single transaction

e.

Date of the transaction

23 September 2024

f.

Place of the transaction

Outside of a trading venue

 

 

 

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