Director/PDMR Shareholding

RNS Number : 7119O

RWS Holdings PLC

10 February 2016

 

10 February 2016

RWS Holdings plc

Director Shareholding

RWS Holdings plc ("RWS", "the Company"), the world's leading provider of intellectual property support services (patent translations, international patent filing solutions and searches), commercial translations and linguistic validation, announces that a total of 3,438,380 options to subscribe for ordinary shares of 1p each ("shares") pursuant to the Company's share option plan, adopted on 3 April 2013 have been exercised on 9 February 2016 at an exercise price of 129.2p.

Following the exercise of these options, Reinhard Ottway will retain 224,053 shares in the Company, having sold 2,295,745 of these shares in large part to satisfy the tax and national insurance contributions arising on the exercise, and other senior managers have sold a further 912,635 shares, in all instances at a price of 180p.

The resultant equity interests of Reinhard Ottway in the Ordinary Shares of the Company are as follows:

	No of Shares		% of shares in issue
Ordinary Shares	224,053		0.10%
	No of Shares	Exercise price	First date exercisable	Last date exercisable
Approved Share Option Scheme	23,215	129.2p	03/04/16	03/04/21

Following this exercise, there are a further 4,532,905 vested options outstanding under the Company's unapproved option scheme and a further 139,290 unvested options under the approved option scheme.

RWS has issued new shares to satisfy these options bringing the total number of shares in issue to 215,018,220, an increase of 1.63%. The new shares rank pari passu with the Company's existing issued ordinary shares.  This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interests in, the Company under the FCA's Disclosure and Transparency Rules.

Application has been made for the admission to trading on AIM of these 3,438,380 shares which is expected to occur on 16 February 2016.

For further information, please contact:

RWS Holdings plc

Richard Thompson, Group Finance Director                                                                   01753 480200

MHP

Katie Hunt/Simon Hockridge                                                                                        020 3128 8794

Numis

Stuart Skinner (Nominated Adviser)                                                                              020 7260 1000

James Serjeant (Corporate Broker)

 

END

 

 

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