REG - RWS Holdings PLC - Share Option Scheme and Grant of Options
22 January 2020
RWS Holdings plc
Share Option Scheme and Grant of Options
RWS Holdings plc ("RWS", "the Group"), one of the world's leading language, intellectual property support services and localization providers, announces the granting of share options under the RWS Share Option Plan 2019 ("the Plan") to executives and selected senior management. The plan is designed to promote the retention, recruitment and incentivization of the Company's leadership team.
On 22 January 2020, the RWS Board approved the following grant of options over 2,956,776 ordinary shares at an exercise price of 615 pence (being the closing mid-market price on the 21 January 2020, the business day preceding the date of grant), representing approximately 1.08 per cent of the Company's issued share capital.
Name
Position
Grant of options
Richard Thompson
Chief Executive Officer
861,661
Desmond Glass
Chief Financial Officer
369,283
Joe Lugo
Chief Operating Officer
307,736
Paul Danter
Managing Director, RWS Moravia
307,736
Neil Simpkin
Joint Managing Director, RWS IP Services
153,868
Charles Sitch
Joint Managing Director, RWS IP Services
153,868
Jon Hart
Managing Director, RWS Life Sciences
307,736
Senior Managers of RWS
Various
494,887
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 Group 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 transaction notifications for each PDMR can be found below. This notice is given in fulfilment of the obligation under Article 19 of the Market Abuse Regulation.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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, RWS Holdings Plc
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
c.
Price(s) and volume(s)
Exercise Price(s)
Volume(s)
Option Grant
6.15 GBP
861,661
d.
Aggregated information
Aggregated volume
Price
Price(s)
Volume(s)
Option Grant
6.15
861,661
e.
Date of the transaction
2020-01-22
f.
Place of the transaction
London Stock Exchange, Main Market (XLON)
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, RWS Holdings Plc
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
c.
Price(s) and volume(s)
Exercise Price(s)
Volume(s)
Option Grant
6.15 GBP
369,283
d.
Aggregated information
Aggregated volume
Price
Price(s)
Volume(s)
Option Grant
6.15
369,283
e.
Date of the transaction
2020-01-22
f.
Place of the transaction
London Stock Exchange, Main Market (XLON)
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, RWS Holdings Plc
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
c.
Price(s) and volume(s)
Exercise Price(s)
Volume(s)
Option Grant
6.15 GBP
307,736
d.
Aggregated information
Aggregated volume
Price
Price(s)
Volume(s)
Option Grant
6.15
307,736
e.
Date of the transaction
2020-01-22
f.
Place of the transaction
London Stock Exchange, Main Market (XLON)
1.
Details of the person discharging managerial responsibilities / person closely associated
a.
Name
Paul Danter
2.
Reason for the notification
a.
Position/status
Managing Director, RWS Moravia
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
c.
Price(s) and volume(s)
Exercise Price(s)
Volume(s)
Option Grant
6.15 GBP
307,736
d.
Aggregated information
Aggregated volume
Price
Price(s)
Volume(s)
Option Grant
6.15
307,736
e.
Date of the transaction
2020-01-22
f.
Place of the transaction
London Stock Exchange, Main Market (XLON)
1.
Details of the person discharging managerial responsibilities / person closely associated
a.
Name
Charles Sitch
2.
Reason for the notification
a.
Position/status
Joint Managing Director, 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
c.
Price(s) and volume(s)
Exercise Price(s)
Volume(s)
Option Grant
6.15 GBP
153,868
d.
Aggregated information
Aggregated volume
Price
Price(s)
Volume(s)
Option Grant
6.15
153,868
e.
Date of the transaction
2020-01-22
f.
Place of the transaction
London Stock Exchange, Main Market (XLON)
1.
Details of the person discharging managerial responsibilities / person closely associated
a.
Name
Neil Simpkin
2.
Reason for the notification
a.
Position/status
Joint Managing Director, 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
c.
Price(s) and volume(s)
Exercise Price(s)
Volume(s)
Option Grant
6.15 GBP
153,868
d.
Aggregated information
Aggregated volume
Price
Price(s)
Volume(s)
Option Grant
6.15
153,868
e.
Date of the transaction
2020-01-22
f.
Place of the transaction
London Stock Exchange, Main Market (XLON)
1.
Details of the person discharging managerial responsibilities / person closely associated
a.
Name
Jon Hart
2.
Reason for the notification
a.
Position/status
Managing Director, RWS Life Sciences
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
c.
Price(s) and volume(s)
Exercise Price(s)
Volume(s)
Option Grant
6.15 GBP
307,736
d.
Aggregated information
Aggregated volume
Price
Price(s)
Volume(s)
Option Grant
6.15
307,736
e.
Date of the transaction
2020-01-22
f.
Place of the transaction
London Stock Exchange, Main Market (XLON)
About RWS
RWS is the world's leading provider of intellectual property support services (patent translations, international patent filing solutions and searches), a market leader in life sciences translations and linguistic validation, a leading localization provider, and a high-level specialist language service provider in other technical areas, providing for the diverse needs of a blue-chip multinational client base spanning Europe, North America and Asia.
RWS is based in the UK, with offices across five continents. The company is listed on AIM, the London Stock Exchange regulated market (RWS.L).
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 480200
MHP (Financial PR advisor)
Katie Hunt / Simon Hockridge
0203 128 8100
Numis (Nomad & Joint Broker)
Stuart Skinner / Kevin Cruickshank
Michael Burke
Berenberg (Joint Broker)
Ben Wright/Toby Flaux/ Alix Mecklenburg-Solodkoff
0207 260 1000
020 3753 3069
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