Director/PDMR Shareholding

RNS Number : 5913Z

RWS Holdings PLC

25 January 2022

 

For immediate release  25 January 2022

RWS Holdings plc

Notification and public disclosure of transactions by PDMRs

RWS Holdings plc ("RWS"), the world's leading provider of technology enabled language, content management and intellectual property support services, announces that on 24 January 2022, 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 under Option	Exercise Price per Share
Ian El-Mokadem	Chief Executive Officer	220,791	1 pence
Thomas Labarthe	President, Language Services and Technology	65,146	1 pence
Jon Hart	President, Regulated Industries	58,854	1 pence
Neil Simpkin	President, IP Services	64,397	1 pence
Azad Ootam	Chief Technology Officer	54,278	1 pence
Maria Schnell	Senior Vice President, Language Delivery	40,200	1 pence
Christopher Lewey	Group Corporate Development Director	39,720	1 pence
Jim McHugh	Chief People Officer	40,478	1 pence
Senior managers	Various	795,000	1 pence

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 2024 and RWS's total shareholder return ("TSR") performance over a three year period ending on 30 September 2024 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 comparator group for the TSR element is the constituents of the FTSE 250 Index (excluding investment trusts) as at the start of 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 Ian El-Mokadem are 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 will ordinarily 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

Des Glass, Chief Financial Officer

MHP (Financial PR advisor)  [e-mail]

Katie Hunt / Simon Hockridge  0203 128 8100

Numis (Nomad & Joint Broker)  0207 260 1000

Stuart Skinner / Kevin Cruickshank/Will Baunton

Berenberg (Joint Broker)  0203 207 7800

Ben Wright/Toby Flaux/ Alix Mecklenburg-Solodkoff

About RWS:

RWS Holdings plc is the world's leading provider of technology enabled language, content management and intellectual property services. We help our customers to connect with and bring new ideas to people globally, by communicating business critical content at scale and enabling the protection and realization of their innovations.

Our vision is to help organizations interact effectively with people anywhere in the world, by solving their language, content and market access challenges through our collective global intelligence, deep expertise and smart technology.

Customers include 90 of the globe's top 100 brands, the top 20 pharmaceutical companies and 19 of the top 20 patent filers worldwide. Our client base spans Europe, Asia Pacific, and North and South America across the technology, pharmaceutical, medical, legal, chemical, automotive, government, and telecommunications sectors, which we serve from offices across five continents.

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 .

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	Ian El-Mokadem
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial Announement
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)
			Nil	220,791
d)	Aggregated information
		N/A single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	24 January 2022
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Thomas Labarthe
2	Reason for the notification
a)	Position/status	President, Language Services and Technology
b)	Initial notification /Amendment	Initial Announement
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)
			Nil	65,146
d)	Aggregated information
		N/A single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	24 January 2022
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jon Hart
2	Reason for the notification
a)	Position/status	President, Regulated Industries
b)	Initial notification /Amendment	Initial Announement
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)
			Nil	58,854
d)	Aggregated information
		N/A single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	24 January 2022
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Neil Simpkin
2	Reason for the notification
a)	Position/status	President, IP Services
b)	Initial notification /Amendment	Initial Announement
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)
			Nil	64,397
d)	Aggregated information
		N/A single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	24 January 2022
f)	Place of the transaction	Outside of a trading venue

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 Announement
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)
			Nil	54,278
d)	Aggregated information
		N/A single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	24 January 2022
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Maria Schnell
2	Reason for the notification
a)	Position/status	Senior Vice President, Language Delivery
b)	Initial notification /Amendment	Initial Announement
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)
			Nil	40,200
d)	Aggregated information
		N/A single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	24 January 2022
f)	Place of the transaction	Outside of a trading venue

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 Announement
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)
			Nil	39,720
d)	Aggregated information
		N/A single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	24 January 2022
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jim McHugh
2	Reason for the notification
a)	Position/status	Chief People Officer
b)	Initial notification /Amendment	Initial Announement
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)
			Nil	40,478
d)	Aggregated information
		N/A single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	24 January 2022
f)	Place of the transaction	Outside of a trading venue

 

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