RWS HOLDINGS PLC

Director's Dealing • Jan 25, 2021

National Storage Mechanism | Additional information

RNS Number : 8109M

RWS Holdings PLC

25 January 2021

For immediate release                                                                                                         25 January 2021

RWS Holdings plc

Notification and public disclosure of transactions by PDMRs

RWS Holdings plc ("RWS"), the world's leading language services and technology group,  announces that on 22 January 2021, 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
Richard Thompson	Chief Executive Officer	222,469	1 pence
Des Glass	Chief Financial Officer	121,662	1 pence
Joe Lugo	Chief Operating Officer	77,662	1 pence
Thomas Labarthe	President, RWS Language Services & Technology	58,965	1 pence
Jon Hart	President, RWS Regulated Industries	50,649	1 pence
Neil Simpkin	President, RWS IP Services	64,886	1 pence
Azad Ootam	Chief Technology Officer	48,572	1 pence
Maria Schnell	SVP, Language Delivery	34,637	1 pence
Christopher Lewey	Group Corporate Development Director	46,347	1 pence
Senior managers at RWS	Various	1,004,324	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 2023 and  total shareholder return ("TSR") performance over a period ending on 30 September 2023 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 targets for the EPS element will be set by the Remuneration Committee by no later than 22 April 2021. The comparator group for the TSR element is the constituents of the FTSE 250 Index (excluding investment trusts) as at the grant date, which is the start of the 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 Richard Thompson and Des Glass are each 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 ordinarily will 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 Andrew Brode, Chairman Richard Thompson, Chief Executive Officer Des Glass, Chief Financial Officer	01753 480796
MHP (Financial PR advisor) Katie Hunt / Simon Hockridge	rws@mhpc.com 0203 128 8100
Numis (Nomad & Joint Broker) Stuart Skinner / Kevin Cruickshank / Will Baunton	0207 260 1000
Berenberg (Joint Broker) Ben Wright / Toby Flaux / Alix Mecklenburg-Solodkoff	0203 207 7800

About RWS:

RWS is the world's leading language services and technology group. Over the last 60 years, the company has built a reputation for quality, reliability and flexibility with its global team of translators, searchers and technical experts.

RWS's specialist divisions combine the latest technology, proven processes and highly skilled staff to deliver complex services at each stage of the product lifecycle to meet the diverse needs of a global client base spanning Europe, Asia Pacific, and North and South America across a range of sectors including technology, pharmaceutical, medical, chemical, automotive, and telecommunications.

With headquarters in the UK, RWS is 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

Richard Thompson

2.

Reason for the notification

a.

Position/status

Chief Executive 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 nominal cost option under the RWS Holdings plc Long Term Incentive Plan with 1p exercise price per share

c.

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	222,469

d.

Aggregated information

·   Aggregated volume

·   Price

N/A single transaction

e.

Date of the transaction

22 January 2021

f.

Place of the transaction

Outside a trading venue

1.

Details of the person discharging managerial responsibilities / person closely associated

a.

Name

Des Glass

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 nominal cost option under the RWS Holdings plc Long Term Incentive Plan with 1p exercise price per share

c.

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	121,662

d.

Aggregated information

·   Aggregated volume

·   Price

N/A single transaction

e.

Date of the transaction

22 January 2021

f.

Place of the transaction

Outside a trading venue

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

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 nominal cost option under the RWS Holdings plc Long Term Incentive Plan with 1p exercise price per share

c.

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	77,662

d.

Aggregated information

·   Aggregated volume

·   Price

N/A single transaction

e.

Date of the transaction

22 January 2021

f.

Place of the transaction

Outside 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, RWS Language Services & Technology

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 nominal cost option under the RWS Holdings plc Long Term Incentive Plan with 1p exercise price per share

c.

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	58,965

d.

Aggregated information

·   Aggregated volume

·   Price

N/A single transaction

e.

Date of the transaction

22 January 2021

f.

Place of the transaction

Outside 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, RWS Regulated Industries

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 nominal cost option under the RWS Holdings plc Long Term Incentive Plan with 1p exercise price per share

c.

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	50,649

d.

Aggregated information

·   Aggregated volume

·   Price

N/A single transaction

e.

Date of the transaction

22 January 2021

f.

Place of the transaction

Outside 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, RWS IP Services

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 nominal cost option under the RWS Holdings plc Long Term Incentive Plan with 1p exercise price per share

c.

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	64,886

d.

Aggregated information

·   Aggregated volume

·   Price

N/A single transaction

e.

Date of the transaction

22 January 2021

f.

Place of the transaction

Outside 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 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 nominal cost option under the RWS Holdings plc Long Term Incentive Plan with 1p exercise price per share

c.

Price(s) and volume(s)

Price(s)	Volume(s)
nil	48,572

d.

Aggregated information

·   Aggregated volume

·   Price

N/A single transaction

e.

Date of the transaction

22 January 2021

f.

Place of the transaction

Outside 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

SVP, Language Delivery

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 nominal cost option under the RWS Holdings plc Long Term Incentive Plan with 1p exercise price per share

c.

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	34,637

d.

Aggregated information

·   Aggregated volume

·   Price

N/A single transaction

e.

Date of the transaction

22 January 2021

f.

Place of the transaction

Outside 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 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 nominal cost option under the RWS Holdings plc Long Term Incentive Plan with 1p exercise price per share

c.

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	46,347

d.

Aggregated information

·   Aggregated volume

·   Price

N/A single transaction

e.

Date of the transaction

22 January 2021

f.

Place of the transaction

Outside a trading venue

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