Business
PDMR Shareholding and Issue of Shares
PDMR Shareholding and Issue of Shares.
About this update from Rws Holdings Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7735L\n RWS Holdings PLC\n 15 January 2021\n \n \n \n \n For immediate release \n 15 January 2021\n \n \n \n \n \n \n RWS Holdings plc \n \n \n \n \n PDMR Shareholding, Exercise of Options and Issue of Shares\n \n \n \n \n \n \n RWS Holdings plc (\"RWS\"), the world's leading language services and technology group, announces that certain employees of the RWS group exercised in aggregate 296,599 options over ordinary shares in SDL Limited (formerly SDL plc) (\"SDL\"). The options exercised relate to LTIPs and other option schemes of SDL (\"SDL Share Plans\"). In accordance with SDL's articles of association (as amended pursuant to and as part of the all-share combination of RWS and SDL, which became effective on 4 November 2020 (\"Combination\")), each of the shares to be allotted by SDL following such exercise of options under the SDL Share Plans would be exchanged for 1.2246 ordinary shares of 1 pence each in RWS (\"RWS Shares\"). As a consequence, 363,203 RWS Shares in aggregate were allotted on 12 January 2021.\n \n \n Of this total, Thomas Labarthe, a PDMR, was issued 190,797 RWS Shares and his total shareholding is now 192,926 RWS Shares, representing 0.05 per cent. of RWS's total issued share capital and total voting rights. \n \n \n Pursuant to the exercise of options under the SDL Share Plans and the exchange for RWS Shares referred to above, RWS confirms that application has been made to the London Stock Exchange for the admission of 363,203 RWS Shares to trading on AIM. Admission is expected to take place at 8.00am on 21 January 2021.\n \n \n As set out in the circular to shareholders dated 17 September 2020, an estimated 115,225,204 RWS Shares were expected to be issued as consideration for SDL pursuant to the Combination. Of this number, 113,338,511 RWS Shares were issued on 5 November 2020 on completion of the Combination and, as referred to above, a further 363,203 RWS Shares were issued on 12 January 2021. There remains a maximum of a further 504,459 RWS shares which may be issued as a consequence of exercises under the SDL Share Plans. The balance of approximately 1.0 million RWS Shares which were originally expected to be issued in connection with the Combination will not now be issued due to a combination of factors, including option...