TIDMRWS
RNS Number : 7351Y
RWS Holdings PLC
13 May 2019
For immediate release
13 May 2019
RWS Holdings plc
New 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 introduction of the RWS Share
Option Plan 2019 ("the Plan") for executives and selected senior
management, designed to promote the retention, recruitment and
incentivization of the Company's leadership team.
The number of shares that may be issued to satisfy options
granted under the Plan and any other employee share scheme in any
10-year rolling period is limited to a maximum of 10% of the
Company's issued share capital.
With the introduction of the Plan, the Board has approved the
following grant of options over 1,230,945 ordinary shares at an
exercise price of 601pence (being the closing mid-market price on
the 9 May 2019, the business day preceding the date of grant),
representing approximately 0.45 per cent of the Company's issued
share capital.
Name Position Grant of options
Richard Thompson Chief Executive Officer 478,701
--------------------------------- -----------------
Desmond Glass Chief Financial Officer 170,965
--------------------------------- -----------------
Joe Lugo Chief Operating Officer 170,965
--------------------------------- -----------------
Paul Danter Managing Director, RWS Moravia 170,965
--------------------------------- -----------------
Joint Managing Director, RWS
Neil Simpkin IP Services 85,482
--------------------------------- -----------------
Joint Managing Director, RWS
Charles Sitch IP Services 85,482
--------------------------------- -----------------
Managing Director, RWS Language
Stuart Carter Solutions 68,386
--------------------------------- -----------------
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 1pence 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 6.01 GBP 478,701
----------- ----------
------------------------ ---------------------------------------------------
d. Aggregated Price(s) Volume(s)
information Option Grant 6.01 478,701
Aggregated --------- ----------
volume
Price
------------------------ ---------------------------------------------------
Date of the
e. transaction 2019-05-13
------------------------ ---------------------------------------------------
f. Place of the Outside a trading venue
transaction
------------------------ ---------------------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name Desmond 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 Ordinary shares of 1pence 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 6.01 GBP 170,965
----------- ----------
------------------------ ---------------------------------------------------
d. Aggregated Price(s) Volume(s)
information Option Grant 6.01 170,965
Aggregated --------- ----------
volume
Price
------------------------ ---------------------------------------------------
Date of the
e. transaction 2019-05-13
------------------------ ---------------------------------------------------
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, 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 1pence 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 6.01 GBP 170,965
----------- ----------
------------------------ ---------------------------------------------------
d. Aggregated Price(s) Volume(s)
information Option Grant 6.01 170,965
Aggregated --------- ----------
volume
Price
------------------------ ---------------------------------------------------
Date of the
e. transaction 2019-05-13
------------------------ ---------------------------------------------------
f. Place of the Outside a trading venue
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 1pence 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 6.01 GBP 170,965
----------- ----------
------------------------ ---------------------------------------------------
d. Aggregated Price(s) Volume(s)
information Option Grant 6.01 170,965
Aggregated --------- ----------
volume
Price
------------------------ ---------------------------------------------------
Date of the
e. transaction 2019-05-13
------------------------ ---------------------------------------------------
f. Place of the Outside a trading venue
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 1pence 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 6.01 GBP 85,482
----------- ----------
------------------------ ---------------------------------------------------
d. Aggregated Price(s) Volume(s)
information Option Grant 6.01 85,482
Aggregated --------- ----------
volume
Price
------------------------ ---------------------------------------------------
Date of the
e. transaction 2019-05-13
------------------------ ---------------------------------------------------
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 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 1pence 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 6.01 GBP 85,482
----------- ----------
------------------------ ---------------------------------------------------
d. Aggregated Price(s) Volume(s)
information Option Grant 6.01 85,482
Aggregated --------- ----------
volume
Price
------------------------ ---------------------------------------------------
Date of the
e. transaction 2019-05-13
------------------------ ---------------------------------------------------
f. Place of the Outside a trading venue
transaction
------------------------ ---------------------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name Stuart Carter
------------------------ ---------------------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------
a. Position/status Managing Director, RWS Language Solutions
------------------------ ---------------------------------------------------
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 1pence 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 6.01 GBP 68,386
----------- ----------
------------------------ ---------------------------------------------------
d. Aggregated Price(s) Volume(s)
information Option Grant 6.01 68,386
Aggregated --------- ----------
volume
Price
------------------------ ---------------------------------------------------
Date of the
e. transaction 2019-05-13
------------------------ ---------------------------------------------------
f. Place of the Outside a trading venue
transaction
------------------------ ---------------------------------------------------
For further information, please contact:
RWS Holdings plc
Andrew Brode, Chairman
Richard Thompson, Chief Executive
Officer 01753 480200
MHP
Katie Hunt / Simon Hockridge 0203 128 8100
Numis
Stuart Skinner / Kevin Cruickshank
(Nominated Adviser) 0207 260 1000
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.
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
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