Business
CEO Share Purchase and Remuneration
CEO Share Purchase and Remuneration.
About this update from Rws Holdings Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7164B\n RWS Holdings PLC\n 14 June 2021\n \n \n \n \n \n \n \n For immediate release 14 June 2021\n \n RWS Holdings plc \n \n \n \n \n \n New CEO Share Purchase and Remuneration Arrangements\n \n \n \n \n \n RWS Holdings plc (\"RWS\", \"the Group\", \"the Company\"), the world's leading provider of technology-enabled language, content management and intellectual property services, today provides the following update regarding Ian El-Mokadem's share purchases and remuneration, further to the announcement on 8 June 2021 regarding his appointment to become CEO of the Group with effect from 25 July 2021. \n \n \n Director/PDMR Share Purchase\n \n \n The Group was notified on 11 June 2021 that Mr El-Mokadem acquired 40,000 ordinary shares of 1 pence each in the Company (\"Shares\"), at 582.5p. Following this share purchase, Ian El-Mokadem will have a total beneficial interest in 40,000 Shares in the Company. \n \n \n Remuneration\n \n \n The main elements of Mr El-Mokadem's remuneration arrangements, which are consistent with the Group's recently reviewed Directors' Remuneration Policy, and are equivalent to the outgoing CEO, Richard Thompson's, remuneration arrangements, will be as follows:\n \n \n · \n Base salary: 600,000 p.a.\n \n \n ·\n Maximum annual bonus: 150% of salary, with 40% of the annual bonus based on sliding scale profit targets, 30% based on sliding scale revenue targets and 30% based on personal and strategic targets. Any bonus award greater than 100% of salary will normally be deferred into shares for three years. \n \n \n ·\n LTIP award: 200% of salary p.a., with vesting dependent on stretching EPS growth targets and relative Total Shareholder Return performance measured against the constituents of the FTSE 250 (excluding Investment Trusts). The award will be granted annually, have a three year performance period, and there will be a two-year post vesting holding period. \n \n · \n Share ownership guidelines: 200% of base salary.\n \n \n · \n Pension: 5% of salary.\n \n \n F...