TIDMRWS
RNS Number : 6217A
RWS Holdings PLC
22 January 2020
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
-------------------------------- -----------------
Joint Managing Director, RWS
Neil Simpkin IP Services 153,868
-------------------------------- -----------------
Joint Managing Director, RWS
Charles Sitch IP Services 153,868
-------------------------------- -----------------
Managing Director, RWS Life
Jon Hart 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 Initial notification
/Amendment
------------------------ ---------------------------------------------------
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 Ordinary shares of 1p each
of the GB00BVFCZV34
Financial instrument,
type
of instrument
Identification
code
------------------------ ---------------------------------------------------
b. Nature of the 1) Grant of share options over ordinary
transaction shares
------------------------ ---------------------------------------------------
c. Price(s) and Exercise Volume(s)
volume(s) Price(s)
Option Grant 6.15 GBP 861,661
----------- ----------
------------------------ ---------------------------------------------------
d. Aggregated Price(s) Volume(s)
information Option Grant 6.15 861,661
Aggregated --------- ----------
volume
Price
------------------------ ---------------------------------------------------
Date of the
e. transaction 2020-01-22
------------------------ ---------------------------------------------------
f. Place of the London Stock Exchange, Main Market (XLON)
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, RWS Holdings
Plc
----------------------------- ---------------------------------------------------
b. Initial notification Initial notification
/Amendment
----------------------------- ---------------------------------------------------
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 1) Grant of share options over ordinary
transaction shares
----------------------------- ---------------------------------------------------
c. Price(s) and Exercise Volume(s)
volume(s) Price(s)
Option Grant 6.15 GBP 369,283
----------- ----------
----------------------------- ---------------------------------------------------
d. Aggregated information Price(s) Volume(s)
Aggregated volume Option Grant 6.15 369,283
Price --------- ----------
----------------------------- ---------------------------------------------------
e. Date of the transaction 2020-01-22
----------------------------- ---------------------------------------------------
f. Place of the London Stock Exchange, Main Market (XLON)
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, RWS Holdings
Plc
----------------------------- ---------------------------------------------------
b. Initial notification Initial notification
/Amendment
----------------------------- ---------------------------------------------------
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 1) Grant of share options over ordinary
transaction shares
----------------------------- ---------------------------------------------------
c. Price(s) and Exercise Volume(s)
volume(s) Price(s)
Option Grant 6.15 GBP 307,736
----------- ----------
----------------------------- ---------------------------------------------------
d. Aggregated information Price(s) Volume(s)
Aggregated volume Option Grant 6.15 307,736
Price --------- ----------
----------------------------- ---------------------------------------------------
e. Date of the transaction 2020-01-22
----------------------------- ---------------------------------------------------
f. Place of the London Stock Exchange, Main Market (XLON)
transaction
----------------------------- ---------------------------------------------------
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 Initial notification
/Amendment
------------------------ ---------------------------------------------------
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 Ordinary shares of 1p each
of the GB00BVFCZV34
Financial instrument,
type
of instrument
Identification
code
------------------------ ---------------------------------------------------
b. Nature of the 1) Grant of share options over ordinary
transaction shares
------------------------ ---------------------------------------------------
c. Price(s) and Exercise Volume(s)
volume(s) Price(s)
Option Grant 6.15 GBP 307,736
----------- ----------
------------------------ ---------------------------------------------------
d. Aggregated Price(s) Volume(s)
information Option Grant 6.15 307,736
Aggregated --------- ----------
volume
Price
------------------------ ---------------------------------------------------
Date of the
e. transaction 2020-01-22
------------------------ ---------------------------------------------------
f. Place of the London Stock Exchange, Main Market (XLON)
transaction
------------------------ ---------------------------------------------------
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 Initial notification
/Amendment
------------------------ ---------------------------------------------------
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 Ordinary shares of 1p each
of the GB00BVFCZV34
Financial instrument,
type
of instrument
Identification
code
------------------------ ---------------------------------------------------
b. Nature of the 1) Grant of share options over ordinary
transaction shares
------------------------ ---------------------------------------------------
c. Price(s) and Exercise Volume(s)
volume(s) Price(s)
Option Grant 6.15 GBP 153,868
----------- ----------
------------------------ ---------------------------------------------------
d. Aggregated Price(s) Volume(s)
information Option Grant 6.15 153,868
Aggregated --------- ----------
volume
Price
------------------------ ---------------------------------------------------
Date of the
e. transaction 2020-01-22
------------------------ ---------------------------------------------------
f. Place of the London Stock Exchange, Main Market (XLON)
transaction
------------------------ ---------------------------------------------------
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 Initial notification
/Amendment
----------------------------- ---------------------------------------------------
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 1) Grant of share options over ordinary
transaction shares
----------------------------- ---------------------------------------------------
c. Price(s) and Exercise Volume(s)
volume(s) Price(s)
Option Grant 6.15 GBP 153,868
----------- ----------
----------------------------- ---------------------------------------------------
d. Aggregated information Price(s) Volume(s)
Aggregated volume Option Grant 6.15 153,868
Price --------- ----------
----------------------------- ---------------------------------------------------
e. Date of the transaction 2020-01-22
----------------------------- ---------------------------------------------------
f. Place of the London Stock Exchange, Main Market (XLON)
transaction
----------------------------- ---------------------------------------------------
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 Initial notification
/Amendment
------------------------ ---------------------------------------------------
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 Ordinary shares of 1p each
of the GB00BVFCZV34
Financial instrument,
type
of instrument
Identification
code
------------------------ ---------------------------------------------------
b. Nature of the 1) Grant of share options over ordinary
transaction shares
------------------------ ---------------------------------------------------
c. Price(s) and Exercise Volume(s)
volume(s) Price(s)
Option Grant 6.15 GBP 307,736
----------- ----------
------------------------ ---------------------------------------------------
d. Aggregated Price(s) Volume(s)
information Option Grant 6.15 307,736
Aggregated --------- ----------
volume
Price
------------------------ ---------------------------------------------------
Date of the
e. transaction 2020-01-22
------------------------ ---------------------------------------------------
f. Place of the London Stock Exchange, Main Market (XLON)
transaction
------------------------ ---------------------------------------------------
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
0207 260
Numis (Nomad & Joint Broker) 1000
Stuart Skinner / Kevin Cruickshank
Michael Burke
Berenberg (Joint Broker) 020 3753
Ben Wright/Toby Flaux/ Alix Mecklenburg-Solodkoff 3069
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHFZGZMFZVGGZM
(END) Dow Jones Newswires
January 22, 2020 09:00 ET (14:00 GMT)
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