TIDMRWS
RNS Number : 8109M
RWS Holdings PLC
25 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 Exercise
under Option 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 58,965 1 pence
Services & Technology
Jon Hart President, RWS Regulated 50,649 1 pence
Industries
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 46,347 1 pence
Director
Senior managers at Various 1,004,324 1 pence
RWS
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) rws@mhpc.com
Katie Hunt / Simon Hockridge 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 Ordinary shares of 1p each
the GB00BVFCZV34
Financial instrument,
type
of instrument
Identification
code
------------------------------- --------------------------------------------
b. Nature of the Grant of nominal cost option under the RWS
transaction Holdings plc Long Term Incentive Plan with
1p exercise price per share
------------------------------- --------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) Nil 222,469
----------
------------------------------- --------------------------------------------
d. Aggregated information
* Aggregated volume N/A single transaction
* Price
------------------------------- --------------------------------------------
e. Date of the transaction 22 January 2021
------------------------------- --------------------------------------------
f. Place of the Outside a trading venue
transaction
------------------------------- --------------------------------------------
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 Ordinary shares of 1p each
the GB00BVFCZV34
Financial instrument,
type
of instrument
Identification
code
------------------------------- --------------------------------------------
b. Nature of the Grant of nominal cost option under the RWS
transaction Holdings plc Long Term Incentive Plan with
1p exercise price per share
------------------------------- --------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) Nil 121,662
----------
------------------------------- --------------------------------------------
d. Aggregated information
* Aggregated volume N/A single transaction
* Price
------------------------------- --------------------------------------------
e. Date of the transaction 22 January 2021
------------------------------- --------------------------------------------
f. Place of the Outside a trading venue
transaction
------------------------------- --------------------------------------------
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 Ordinary shares of 1p each
the GB00BVFCZV34
Financial instrument,
type
of instrument
Identification
code
------------------------------- --------------------------------------------
b. Nature of the Grant of nominal cost option under the RWS
transaction Holdings plc Long Term Incentive Plan with
1p exercise price per share
------------------------------- --------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) Nil 77,662
----------
------------------------------- --------------------------------------------
d. Aggregated information
* Aggregated volume N/A single transaction
* Price
------------------------------- --------------------------------------------
e. Date of the transaction 22 January 2021
------------------------------- --------------------------------------------
f. Place of the Outside a trading venue
transaction
------------------------------- --------------------------------------------
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 Ordinary shares of 1p each
the GB00BVFCZV34
Financial instrument,
type
of instrument
Identification
code
------------------------------- ----------------------------------------------
b. Nature of the Grant of nominal cost option under the RWS
transaction Holdings plc Long Term Incentive Plan with
1p exercise price per share
------------------------------- ----------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) Nil 58,965
----------
------------------------------- ----------------------------------------------
d. Aggregated information
* Aggregated volume N/A single transaction
* Price
------------------------------- ----------------------------------------------
e. Date of the transaction 22 January 2021
------------------------------- ----------------------------------------------
f. Place of the Outside a trading venue
transaction
------------------------------- ----------------------------------------------
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 Ordinary shares of 1p each
the GB00BVFCZV34
Financial instrument,
type
of instrument
Identification
code
------------------------------- --------------------------------------------
b. Nature of the Grant of nominal cost option under the RWS
transaction Holdings plc Long Term Incentive Plan with
1p exercise price per share
------------------------------- --------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) Nil 50,649
----------
------------------------------- --------------------------------------------
d. Aggregated information
* Aggregated volume N/A single transaction
* Price
------------------------------- --------------------------------------------
e. Date of the transaction 22 January 2021
------------------------------- --------------------------------------------
f. Place of the Outside a trading venue
transaction
------------------------------- --------------------------------------------
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 Ordinary shares of 1p each
the GB00BVFCZV34
Financial instrument,
type
of instrument
Identification
code
------------------------------- --------------------------------------------
b. Nature of the Grant of nominal cost option under the RWS
transaction Holdings plc Long Term Incentive Plan with
1p exercise price per share
------------------------------- --------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) Nil 64,886
----------
------------------------------- --------------------------------------------
d. Aggregated information
* Aggregated volume N/A single transaction
* Price
------------------------------- --------------------------------------------
e. Date of the transaction 22 January 2021
------------------------------- --------------------------------------------
f. Place of the Outside a trading venue
transaction
------------------------------- --------------------------------------------
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 Ordinary shares of 1p each
the GB00BVFCZV34
Financial instrument,
type
of instrument
Identification
code
------------------------------- --------------------------------------------
b. Nature of the Grant of nominal cost option under the RWS
transaction Holdings plc Long Term Incentive Plan with
1p exercise price per share
------------------------------- --------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) nil 48,572
----------
------------------------------- --------------------------------------------
d. Aggregated information
* Aggregated volume N/A single transaction
* Price
------------------------------- --------------------------------------------
e. Date of the transaction 22 January 2021
------------------------------- --------------------------------------------
f. Place of the Outside a trading venue
transaction
------------------------------- --------------------------------------------
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 Ordinary shares of 1p each
the GB00BVFCZV34
Financial instrument,
type
of instrument
Identification
code
------------------------------- --------------------------------------------
b. Nature of the Grant of nominal cost option under the RWS
transaction Holdings plc Long Term Incentive Plan with
1p exercise price per share
------------------------------- --------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) Nil 34,637
----------
------------------------------- --------------------------------------------
d. Aggregated information
* Aggregated volume N/A single transaction
* Price
------------------------------- --------------------------------------------
e. Date of the transaction 22 January 2021
------------------------------- --------------------------------------------
f. Place of the Outside a trading venue
transaction
------------------------------- --------------------------------------------
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 Ordinary shares of 1p each
the GB00BVFCZV34
Financial instrument,
type
of instrument
Identification
code
------------------------------- --------------------------------------------
b. Nature of the Grant of nominal cost option under the RWS
transaction Holdings plc Long Term Incentive Plan with
1p exercise price per share
------------------------------- --------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) Nil 46,347
----------
------------------------------- --------------------------------------------
d. Aggregated information
* Aggregated volume N/A single transaction
* Price
------------------------------- --------------------------------------------
e. Date of the transaction 22 January 2021
------------------------------- --------------------------------------------
f. Place of the Outside a trading venue
transaction
------------------------------- --------------------------------------------
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