Business
Share Option Scheme and Grant of Options
Share Option Scheme and Grant of Options.
About this update from Rws Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 6217A RWS Holdings PLC 22 January 2020 \n\n \n 22 January 2020\n \nRWS Holdings plc\nShare Option Scheme and Grant of Options\nRWS Holdings plc (\"RWS\", \"the Group\"), one of the world's leading language, intellectual property support services and localization providers, announces the granting of share options under the RWS Share Option Plan 2019 (\"the Plan\") to executives and selected senior management. The plan is designed to promote the retention, recruitment and incentivization of the Company's leadership team.\nOn 22 January 2020, the RWS Board approved the following grant of options over 2,956,776 ordinary shares at an exercise price of 615 pence (being the closing mid-market price on the 21 January 2020, the business day preceding the date of grant), representing approximately 1.08 per cent of the Company's issued share capital. \n\n\n\n\nName\n\n\nPosition\n\n\nGrant of options\n\n\n\n\nRichard Thompson\n\n\nChief Executive Officer\n\n\n861,661\n\n\n\n\nDesmond Glass\n\n\nChief Financial Officer\n\n\n369,283\n\n\n\n\nJoe Lugo\n\n\nChief Operating Officer\n\n\n307,736\n\n\n\n\nPaul Danter\n\n\nManaging Director, RWS Moravia\n\n\n307,736\n\n\n\n\nNeil Simpkin\n\n\nJoint Managing Director, RWS IP Services \n\n\n153,868\n\n\n\n\nCharles Sitch\n\n\nJoint Managing Director, RWS IP Services\n\n\n153,868\n\n\n\n\nJon Hart\n\n\nManaging Director, RWS Life Sciences\n\n\n307,736\n\n\n\n\nSenior Managers of RWS\n\n\nVarious\n\n\n494,887\n\n\n\n\n \nThese 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. \nVested options are then subject to a two-year holding period and w...