DWF completes transaction with Whitelaw Twining
06/12/2022 07:00
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RNS Number : 6779I DWF Group PLC 06 December 2022
DWF Group plc
("DWF", the "Group" or the "Company")
LEI:
213800O9QREOHTOGQ266
6 December 2022
DWF completes transaction with leading Canadian law firm Whitelaw Twining
DWF, the global provider of integrated legal and business services, is pleased
to announce that it has now completed the transaction with Whitelaw Twining
Law Corporation, a leading independent law firm headquartered in Vancouver,
Canada, and TWK Management Limited, an intra-group services company
(collectively, "Whitelaw Twining"). The agreement was announced on 7 November
2022 and all pre-conditions referred to in that announcement have now been
met.
A partnership has been established in British Columbia to provide Legal
Advisory and Connected Services through the operations of Whitelaw Twining and
DWF's existing loss adjusting practice in Ontario, and a relationship
agreement has been entered into between DWF and Whitelaw
Twining's Alberta practice.
As a result, 16,504,757 new Ordinary Shares of the Company will be issued
pursuant to the terms of the agreement on 3 January 2023 and a further
announcement will be made in due course. The number of shares to be issued was
calculated by reference to a blended price based on the six month pre-signing
volume-weight average price ("VWAP) and the ten day pre-signing VWAP.
As previously announced on 7 November 2022, further shares with a value of up
to $3.0m (£2.0m) may be issued in February 2023 if certain 2022 calendar
year financial targets and criteria are met.
For further information:
DWF Group plc
James Igoe
+44(0)7971 783533
Head of Communications & IR
H/Advisors Maitland
Sam Turvey or Sam Cartwright
+44(0)20 7379 5151
About DWF Group
DWF is a global provider of integrated legal and business services provided
through its three offerings of Legal Advisory, Mindcrest and Connected
Services. It has approximately 4,000 people and offices and associations
located across the globe. The Company became the first Main Market Premium
Listed legal business on the London Stock Exchange in March 2019. DWF recorded
revenue of £350.2 million in the year ended 30 April 2022. For more
information visit: dwfgroup.com
DWF's three divisions represent its single Integrated Legal Management
approach through which the Group can seamlessly combine any number of these
services to deliver bespoke solutions to its clients with greater efficiency,
price certainty and transparency. This approach enables DWF to offer clients
solutions that combine traditional law firm services with new, modern legal
and business services relevant to today's companies and the challenges and
opportunities they face.
About Whitelaw Twining
Whitelaw Twining is a full-service litigation law firm, founded in Vancouver
with over 150 fee earners in its Vancouver and Calgary offices. It is an
industry leader in the fields of insurance, commercial litigation,
construction, plaintiff's personal injury and alternative dispute resolution
services. Whitelaw Twining is an innovative, passionate team, building
long-term relationships with local, national and international clients for
more than 40 years.
Forward looking statements
This announcement contains certain forward‐looking statements with respect
to the Company's current targets, expectations and projections about future
performance, anticipated events or trends and other matters that are not
historical facts. These forward‐looking statements, which sometimes use
words such as "aim", "anticipate", "believe", "intend", "plan" "estimate",
"expect" and words of similar meaning, include all matters that are not
historical facts and reflect the directors' beliefs and expectations and
involve a number of risks, uncertainties and assumptions that could cause
actual results and performance to differ materially from any expected future
results or performance expressed or implied by the forward‐looking
statement.
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