Director/PDMR Shareholding

RNS Number : 3549B

RWS Holdings PLC

09 June 2021

 

For immediate release  9 June 2021

 RWS Holdings plc

Exercise of options, Share Option Scheme and Grant of Options

RWS Holdings plc ("RWS" or "the Company"), the world's leading provider of technology-enabled language, content management and intellectual property support services, announces the issue of shares following the exercise by an employee of options and the granting of share options under the RWS Share Option Plan 2019 ("the Plan"). The plan is designed to promote the retention, recruitment and incentivization of the Company's leadership team.

Issue of shares

484 new ordinary shares of 1 pence each in RWS ("RWS Shares") have been issued today in order to satisfy the exercise of options by an employee under the RWS Holdings 2019 Sharesave Scheme at 413 pence per share.  Admission is expected to take place at 8.00am on 15 June 2021.

Following the exercise of options, the Company's issued share capital comprises 389,241,616 RWS Shares. RWS has no Shares held in treasury. The above figure includes 55,896 RWS Shares that are held by the RWS Holdings plc Employee Benefit Trust in order to satisfy awards under the Company's employee share schemes.  Therefore shareholders may use the figure of 389,185,720 as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, RWS under the Financial Conduct Authority's Disclosure and Transparency Rules.

Granting of share options

On 9 June 2021, the RWS Board approved the following grant of options over 34,192 RWS Shares at an exercise price of 613 pence (being the closing mid-market price on 8 June 2021, the business day preceding the date of grant), representing approximately 0.01 per cent of the Company's issued share capital.

Name	Position	Grant of options
Neil Simpkin	President, RWS IP Services	34,192

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 Company 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 information set out below is provided in accordance with the requirements of Article 19(8) of the Market Abuse Regulation (EU) No 596/2014,

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 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 with an exercise price of 613 pence each
c.	Price(s) and volume(s)	Exercise Price(s) Volume(s) Option Grant Nil  34,192
d.	Aggregated information · Aggregated   volume · Price	Price(s) Volume(s) Option Grant Nil 34,192
e.	Date of the transaction	9 June 2021
f.	Place of the transaction	Outside a trading venue

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 480796

MHP (Financial PR advisor) Katie Hunt / Simon Hockridge

[e-mail]   0203 128 8100

Numis (Nomad & Joint Broker) Stuart Skinner / Kevin Cruickshank/Will Baunton Berenberg (Joint Broker) Ben Wright/Toby Flaux/ Alix Mecklenburg-Solodkoff

0207 260 1000 0203 207 7800

 

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