24 September 2024
RWS Holdings
plc
Notification and public
disclosure of transactions by PDMRs
RWS Holdings plc ("RWS" or "the
Company"), a unique world-leading provider of technology-enabled
language, content and intellectual property services, announces the
grant of a deferred share award (the "Award") to Candida Davies,
Chief Financial Officer, on 23 September 2024.
Following the announcement of Ian
El-Mokadem's intention to step down as Chief Executive Officer in
early 2025, the Board of RWS believes that it is in the best
interests of the Company to ensure the retention of Candida Davies
as Chief Financial Officer. Before granting the Award, the Company
consulted with a number of its largest shareholders who each
indicated they were supportive of the proposal.
The Award has a value on grant equal
to 75% of Candida's base salary (equating to £307,500) and has been
granted under the RWS Holdings plc Long Term Incentive Plan
("LTIP") over 189,908 ordinary shares of 1 pence each in
the Company. Under the LTIP rules, 40% of the Award will vest on
the first anniversary of the grant date and the remaining 60% of
the Award will vest on the second anniversary of the grant
date. Given the primary objective of this standalone Award is
retention, vesting will be conditional on Candida's continued
service, with the Award ordinarily lapsing if she ceases employment
ahead of the respective vesting dates.
This announcement is made in
accordance with Article 19(3) of the EU
Market Abuse Regulation 596/2014 (as incorporated into UK domestic
law by the European Union (Withdrawal) Act 2018).
For further information, please
contact:
|
RWS
Holdings plc
Ian El-Mokadem, Chief Executive
Officer
|
01753 480200
|
|
MHP
(Financial PR advisor)
Katie Hunt / Eleni Menikou /
Catherine Chapman
|
rws@mhpgroup.com
020 3128 8100
07884 494112
|
|
Deutsche Numis (Nomad & Joint Broker)
Stuart Skinner / William
Wickham
|
020 7260 1000
|
|
Berenberg (Joint Broker)
Ben Wright / Toby Flaux / Milo
Bonser
|
020 3207 7800
|
About RWS:
RWS Holdings plc is a unique,
world-leading provider of technology-enabled language, content and
intellectual property services. Through content transformation and
multilingual data analysis, our combination of AI-enabled
technology and human expertise helps our clients to grow by
ensuring they are understood anywhere, in any language.
Our purpose is unlocking global
understanding. By combining cultural understanding, client
understanding and technical understanding, our services and
technology assist our clients to acquire and retain customers,
deliver engaging user experiences, maintain compliance and gain
actionable insights into their data and content.
Over the past 20 years we've been
evolving our own AI solutions as well as helping clients to
explore, build and use multilingual AI applications. With 40+
AI-related patents and more than 100 peer-reviewed papers, we have
the experience and expertise to support clients on their AI
journey.
We work with over 80% of the world's
top 100 brands, more than three-quarters of Fortune's 20 'Most
Admired Companies' and almost all of the top pharmaceutical
companies, investment banks, law firms and patent filers. Our
client base spans Europe, Asia Pacific, Africa and North and South
America. Our 65+ global locations across five continents service
clients in the automotive, chemical, financial, legal, medical,
pharmaceutical, technology and telecommunications
sectors.
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.
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a.
|
Name
|
Candida Davies
|
|
2.
|
Reason for the notification
|
|
a.
|
Position/status
|
Chief Financial Officer
|
|
b.
|
Initial
notification/Amendment
|
Initial Announcement
|
|
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
|
Grant of nil cost options under the
RWS Holdings plc Long Term Incentive Plan.
|
|
c.
|
Price(s) and volume(s)
|
|
Price(s)
Nil
|
Volume(s)
189,908
|
|
|
|
|
|
d.
|
Aggregated information
· Aggregated volume
· Price
|
N/A single transaction
|
|
e.
|
Date of the transaction
|
23 September 2024
|
|
f.
|
Place of the transaction
|
Outside of a trading
venue
|