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RWS Rws Holdings Plc

186.20
1.20 (0.65%)
Last Updated: 10:50:24
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rws Holdings Plc LSE:RWS London Ordinary Share GB00BVFCZV34 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.20 0.65% 186.20 186.10 186.50 186.60 183.90 186.00 158,372 10:50:24
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 733.8M -27.7M -0.0738 -25.20 697.82M

RWS Holdings PLC New Share Option Scheme and Grant of Options (7351Y)

13/05/2019 7:01am

UK Regulatory


Rws (LSE:RWS)
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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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