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Last checked at 
25 Jan 2022 13:00
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) rws@mhpc.com
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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