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Industrials
Size
Large Cap
Market Cap £3.83bn
Enterprise Value £5.43bn
Revenue £7.48bn
Position in Universe th / 1826

COMPULSORY ACQUISITION OF G4S SHARES

Tue 13th April, 2021 7:00am
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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

13 April 2021

RECOMMENDED CASH OFFER

for

G4S PLC

by

ATLAS UK BIDCO LIMITED
 (a newly incorporated entity that is indirectly controlled by Allied
Universal)

COMPULSORY ACQUISITION OF G4S SHARES

1.                  Introduction

On 6 April 2021, Atlas UK Bidco Limited (“Allied Bidco”), a newly
incorporated entity that is indirectly controlled by Allied Universal Topco
LLC, announced that its recommended cash offer (the “Offer”) for G4S plc
(“G4S” or the “Company”) had become unconditional in all respects.

Allied Bidco is pleased to announce that as at 1.00 p.m. (London time) on 12
April 2021, it had received valid acceptances under the Offer in respect of a
total of 1,410,398,516 G4S Shares representing approximately 90.25 per cent.
of the existing issued ordinary share capital of G4S.

2.                  Compulsory acquisition

As Allied Bidco has now received acceptances under the Offer in respect of,
and/or otherwise acquired, not less than 90 per cent. in value of the G4S
Shares to which the Offer relates and of the voting rights carried by those
shares, Allied Bidco will exercise its rights in accordance with sections 974
to 991 of the Act to acquire compulsorily the remaining G4S Shares in respect
of which the Offer has not been accepted as contemplated by the Offer
Document.

Allied Bidco will shortly despatch formal compulsory acquisition notices under
sections 979 and 980 of the Act (the "Compulsory Acquisition Notices") to G4S
Shareholders who have not yet accepted the Offer. These notices will set out
Allied Bidco's intention to apply the provisions of section 979 of the Act to
acquire compulsorily any remaining G4S Shares in respect of which the Offer
has not been accepted on the same terms as the Offer.

On the expiry of six weeks from the date of the Compulsory Acquisition
Notices, the G4S Shares held by those G4S Shareholders who have not accepted
the Offer will be acquired compulsorily by Allied Bidco on the same terms as
the Offer. The consideration to which those G4S Shareholders will be entitled
will be held by G4S as trustee on behalf of those G4S Shareholders who have
not accepted the Offer.

3.                  Procedure for acceptance of the Offer

G4S Shareholders may still accept the Offer, which remains open for acceptance
until further notice. As mentioned below, settlement of consideration to which
any accepting G4S Shareholder is entitled under the Offer shall be effected by
the issue of cheques or CREST payments within 14 days of receipt of the valid
acceptance, whereas G4S Shareholders who have not accepted the Offer will be
subject to the compulsory acquisition process which is expected to take a
minimum of six weeks.

G4S Shareholders who have not yet accepted the Offer are urged to do so as
soon as possible in accordance with the following procedures:
1. If you hold your G4S Shares in certificated form (that is, not in CREST),
you should complete and return the Form of Acceptance accompanying the Offer
Document as soon as possible. 
2. If you hold your G4S Shares in uncertificated form (that is, in CREST), you
should ensure that an Electronic Acceptance is made by you or on your behalf
and that the TTE instruction settles as soon as possible. If you hold your G4S
Shares as a CREST sponsored member, you should contact your CREST sponsor as
only your CREST sponsor will be able to send the necessary TTE instruction to
Euroclear. 
3. G4S ADR Holders who wish to participate in the Offer should contact their
Depositary. 
4. G4S VP Holders who wish to participate in the Offer should contact Danske
Bank.
Full details on how to accept the Offer are set out in paragraph 16 of Part II
of the Offer Document and Parts D and E of Appendix 1 of the Offer Document.
The Offer Document is available on Allied Universal’s website
(www.securityservicesthereforyou.com) and on G4S’s website
(www.g4s.com/investors/offers).  For the avoidance of doubt, the contents of
the websites referred to in this announcement are not incorporated into and do
not form part of this announcement. Further copies of the Offer Document and
the Form of Acceptance may be obtained by contacting Link Group on 0371 664
0321.

4.                  Settlement

While the Offer remains open for acceptance, settlement of consideration to
which any accepting G4S Shareholder is entitled under the Offer shall be
effected by the issue of cheques or CREST payments within 14 days of the date
of receipt of such acceptance which is valid and complete in all respects.

Non-assenting G4S Shareholders who do not accept the Offer will not receive
payment until after compulsory acquisition has been implemented.

5.                  Other

5.1              Unless the context otherwise requires and save
to the extent superseded in this announcement, the definitions and rules of
interpretation used in the offer document published by Allied Bidco on 5
January 2021 (the “Offer Document”) shall also apply in this announcement.

The percentages of G4S Shares referred to in this announcement are based upon
a figure of 1,562,715,442 G4S Shares in issue as at close of business in
London on 12 April 2021.

G4S Shareholders with any questions relating to this announcement or the
completion and return of the Form of Acceptance or the making of an Electronic
Acceptance (as the case may be) should telephone the Link Group on 0371 664
0321 or, if calling from outside the United Kingdom, +44 (0) 371 664 0321.
Calls are charged at the standard geographic rate and will vary by provider.
The helpline is open between 9.00 am – 5.30 pm, Monday to Friday excluding
public holidays in England and Wales.  Please note that Link Group cannot
provide any financial, legal or tax advice and calls may be recorded and
monitored for security and training purposes.

G4S has its primary listing on the London Stock Exchange (until at least 5 May
2021) and has a secondary listing on the Nasdaq exchange in Copenhagen. On 19
March 2021, Nasdaq approved the removal from trading of G4S's shares from
Nasdaq Copenhagen A/S ("Nasdaq") and official listing. The last day of trading
on Nasdaq will be 16 April 2021.

A copy of this announcement shall be made available on the Allied Bidco
website at www.securityservicesthereforyou.com and on the G4S website at
https://www.g4s.com/investors/allied-universal-offer.



Enquiries:

Allied Bidco / Allied Universal
 Steve Jones, President and Chief Executive
 c/o Teneo

Teneo, PR adviser to Allied Universal and Allied Bidco       
 Charles
Armitstead                                                                 
+ 44 7703 330 269
 Matt
Denham                                                                          
+ 44 7825 735 596

Morgan Stanley, as Lead Financial Adviser to Allied Universal and Allied Bidco
 Henry Stewart / Laurence Hopkins / David Khayat 
 / Duncan Williamson / Tom Perry       
                                    +44 20
7425 8000

Credit Suisse, as Joint Financial Adviser to Allied Universal and Allied
Bidco       
 Raymond R. Raimondi, Jr. / Joe Hannon / Ben Deary             +44
20 7888 8888

Moelis & Company, as Joint Financial Adviser to Allied Universal and Allied
Bidco
 Jonathan Kaye
                                                                       
+1 212 883 3800
 Liam Beere

Cleary Gottlieb Steen & Hamilton LLP, Freshfields Bruckhaus Deringer LLP and
Kirkland & Ellis LLP are retained as legal advisers to Allied Universal and
Allied Bidco.

Important notices relating to financial advisers

Morgan Stanley & Co. International plc ("Morgan Stanley") which is authorised
by the Prudential Regulation Authority (“PRA”) and regulated by the
Financial Conduct Authority (“FCA”) and the PRA in the United Kingdom is
acting exclusively as lead financial adviser to Allied Universal and Allied
Bidco and no one else in connection with the matters set out in this
announcement. In connection with such matters, Morgan Stanley, its affiliates
and their respective directors, officers, employees and agents will not regard
any other person as their client, nor will they be responsible to any other
person for providing the protections afforded to their clients or for
providing advice in relation to the contents of this announcement or any other
matter referred to herein.

Credit Suisse International (“Credit Suisse”), which is authorised by the
PRA and regulated by the FCA and the PRA in the United Kingdom, is acting as
joint financial adviser exclusively for Allied Universal and Allied Bidco and
no one else in connection with the matters set out in this announcement and
will not be responsible to any person other than Allied Universal and Allied
Bidco for providing the protections afforded to clients of Credit Suisse, nor
for providing advice in relation to the content of this announcement or any
matter referred to herein. Neither Credit Suisse nor any of its subsidiaries,
branches or affiliates owes or accepts any duty, liability or responsibility
whatsoever (whether direct or indirect, whether in contract, in tort, under
statute or otherwise) to any person who is not a client of Credit Suisse in
connection with this announcement, any statement contained herein or
otherwise.

Moelis & Company LLC ("Moelis & Company") is acting exclusively as joint
financial adviser to Allied Universal and Allied Bidco and no one else in
connection with the matters set out in this announcement. In connection with
such matters, Moelis & Company, its affiliates and their respective directors,
officers, employees and agents will not regard any other person as their
client, nor will they be responsible to any other person for providing the
protections afforded to their clients or for providing advice in relation to
the contents of this announcement or any other matter referred to herein.

In accordance with the City Code, normal United Kingdom market practice and
Rule 14e-5(b) of the US Exchange Act, Morgan Stanley and Credit Suisse and
their respective affiliates will continue to act as connected exempt principal
trader in G4S Shares on the London Stock Exchange. These purchases and
activities by connected exempt principal traders which are required to be made
public in the United Kingdom pursuant to the City Code will be reported to a
Regulatory Information Service and will be available on the London Stock
Exchange website at www.londonstockexchange.com. This information will also be
publicly disclosed in the United States to the extent that such information is
made public in the United Kingdom.

Further information

This announcement is not intended to and does not constitute, or form part of,
an offer, invitation or the solicitation of an offer to purchase, otherwise
acquire, subscribe for, sell or otherwise dispose of any securities or the
solicitation of any vote or approval in any jurisdiction pursuant to the Offer
or otherwise nor shall there be any sale, issuance or transfer of securities
of G4S pursuant to the Offer in any jurisdiction in contravention of
applicable laws. The Offer is being implemented solely pursuant to the terms
of the Offer Document and, in respect of G4S Shares held in certificated form,
the Form of Acceptance, which, together, contain the full terms and conditions
of the Offer, including details of how to accept the Offer. Any decision by
G4S Shareholders in respect of, or other response to, the Offer should be made
only on the basis of the information contained in the Offer Document and, in
respect of G4S Shares held in certificated form, the Form of Acceptance. G4S
Shareholders are advised to read the Offer Document and the Form of Acceptance
carefully because they contain important information in relation to the Offer.

Information relating to G4S Shareholders

Please be aware that addresses, electronic addresses and certain other
information provided by G4S Shareholders, persons with information rights and
other relevant persons for the receipt of communications from G4S may be
provided to Allied Bidco during the Offer Period as required under Section 4
of Appendix 4 of the City Code to comply with Rule 2.11.

Additional information for US G4S Shareholders and G4S ADR Holders

The Offer is being made to G4S Shareholders resident in the United States in
reliance on, and compliance with, Section 14(e) of the US Exchange Act, and
Regulation 14E thereunder, as a “Tier II” tender offer (as set forth in
Rule 14d-1(d) under the US Exchange Act) and otherwise in accordance with the
requirements of the City Code. The Offer is being made in the United States by
Allied Bidco and no one else.

The Offer relates to the shares of a United Kingdom incorporated company and
is subject to United Kingdom disclosure and other procedural requirements,
which are different from certain United States disclosure and procedural
requirements.

Furthermore, the payment and settlement procedure with respect to the Offer
will comply with the relevant United Kingdom rules, which differ from US
payment and settlement procedures, particularly with regard to the date of
payment of consideration.

The Offer is being made in compliance with all applicable laws and
regulations, including, to the extent applicable, Section 14(e) of the US
Exchange Act and Regulation 14E thereunder as a “Tier II” tender offer (as
set forth in Rule 14d-1(d) under the US Exchange Act) and otherwise in
accordance with the requirements of the City Code. In accordance with normal
United Kingdom practice and consistent with Rule 14e-5(b) under the US
Exchange Act, Allied Bidco, certain affiliated companies and their nominees or
brokers (acting as agents) may make certain purchases of, or arrangements to
purchase, shares in G4S other than pursuant to the Offer, during the period in
which the Offer would remain open for acceptance (or, if the Offer is
implemented by way of a Scheme, until the date on which the Scheme becomes
effective, lapses or is otherwise withdrawn). If such purchases or
arrangements to purchase were to be made, they would be made outside the
United States either in the open market at prevailing prices or in private
transactions at negotiated prices and would comply with applicable law,
including, to the extent applicable, the US Exchange Act. Any information
about such purchases will be disclosed as required in the UK, will be reported
to a Regulatory Information Service and will be available on the London Stock
Exchange website at www.londonstockexchange.com.

Certain financial information included in this announcement and the Offer
Document has been prepared in accordance with accounting standards applicable
in the United Kingdom, and may not be comparable to financial information of
United States companies or companies whose financial statements are prepared
in accordance with generally accepted accounting principles in the United
States.

The receipt of consideration by a US G4S Shareholder or a G4S ADR Holder for
the transfer of its G4S Shares or its G4S ADRs, as applicable, pursuant to the
Offer may be a taxable transaction for United States federal income tax
purposes and under applicable United States state and local, as well as non-US
and other, tax laws. Each G4S Shareholder and G4S ADR Holder is urged to
consult their independent professional adviser immediately regarding the tax
consequences of the Offer, and acceptance of the Offer, applicable to them,
including under applicable United States federal, state and local, as well as
non-US and other, tax laws.

It may be difficult for US G4S Shareholders or G4S ADR Holders to enforce
their rights and claims arising out of the US federal securities laws, since
G4S is organised under the laws of England and Wales, and some or all of its
officers and directors are residents of countries other than the United
States. It may not be possible to sue a non-US company or its directors,
officers or affiliates, in a non-US court for violations of US securities
laws. It may be difficult to compel a non-US company and its directors,
officers and affiliates to subject themselves to the jurisdiction and judgment
of a United States court.

Neither the US Securities and Exchange Commission nor any United States state
securities commission has approved or disapproved the Offer, or passed upon
the fairness of the Offer or passed upon the adequacy or accuracy of this
document. Any representation to the contrary is a criminal offence in the
United States.

Additional Information for Danish G4S Shareholders and G4S VP Holders

This document does not constitute an offer document under Danish securities
laws and consequently is not required to be nor has been filed with or
approved by the Danish Financial Supervisory Authority as this document has
not been prepared in the context of a public takeover offer in Denmark within
the meaning of the Danish Capital Markets Act or any executive orders issued
pursuant thereto.

Overseas jurisdictions

The release, publication or distribution of this announcement in or into
jurisdictions other than the United Kingdom may be restricted by law and
therefore any persons who are subject to the laws of any jurisdiction other
than the United Kingdom should inform themselves about, and observe, any
applicable requirements. In particular, the ability of persons who are not
resident in the United Kingdom to accept the Offer or to execute and deliver
the Form of Acceptance, may be affected by the laws of the relevant
jurisdictions in which they are located. Any failure to comply with the
applicable restrictions may constitute a violation of the securities laws of
any such jurisdiction. To the fullest extent permitted by applicable law, the
companies and persons involved in the Offer disclaim any responsibility or
liability for the violation of such restrictions by any person.

This announcement has been prepared for the purpose of complying with English
law and the City Code and the information disclosed may not be the same as
that which would have been disclosed if this announcement had been prepared in
accordance with the laws of jurisdictions outside the United Kingdom.

Unless otherwise determined by Allied Universal or required by the City Code,
and permitted by applicable law and regulation, the Offer is not being made
available, directly or indirectly, in, into or from a Restricted Jurisdiction
or any other jurisdiction where to do so would violate the laws in that
jurisdiction and no person may accept the Offer by any use, means or
instrumentality (including, but not limited to, facsimile, e-mail or other
electronic transmission, telex or telephone) of interstate or foreign commerce
of, or of any facility of a national, state or other securities exchange of
any Restricted Jurisdiction including the United States or any other
jurisdiction where to do so would constitute a violation of the laws of that
jurisdiction and the Offer may not be capable of acceptance by any such use,
means, instrumentality or facilities. Accordingly, copies of this announcement
and any formal documentation relating to the Offer are not being, and must not
be, directly or indirectly, mailed or otherwise forwarded, distributed or sent
in or into or from any Restricted Jurisdiction or any other jurisdiction where
to do so would constitute a violation of the laws of that jurisdiction and
persons receiving such documents (including custodians, nominees and trustees)
must not mail or otherwise forward, distribute or send them in or into or from
any Restricted Jurisdiction or any other jurisdiction where to do so would
constitute a violation of the laws of that jurisdiction.

The availability of the Offer to G4S Shareholders who are not resident in and
citizens of the United Kingdom may be affected by the laws of the relevant
jurisdictions in which they are located or of which they are citizens. Persons
who are not resident in the United Kingdom should inform themselves of, and
observe, any applicable legal or regulatory requirements of their
jurisdictions.

Further details in relation to G4S Shareholders in overseas jurisdictions are
contained in the Offer Document.

Cautionary note regarding forward-looking statements

This announcement (including information incorporated by reference in the
announcement), oral statements made regarding the Offer, and other information
published by Allied Universal or Allied Bidco contains certain forward looking
statements with respect to the financial condition, results of operations and
businesses of Allied Universal and G4S and their respective groups, and
certain plans and objectives of Allied Universal with respect to the Enlarged
Group. All statements other than statements of historical fact are, or may be
deemed to be, forward looking statements. Forward looking statements are
statements of future expectations which are prospective in nature and are not
based on historical facts, but rather on management’s current expectations,
projections and assumptions and involve known and unknown risks and
uncertainties that could cause actual results, performance or events to differ
materially from those expressed or implied in these statements. Forward
looking statements include, among other things, statements concerning the
potential exposure of Allied Universal, the Allied Universal Group, G4S and/or
the G4S Group to market risks and statements expressing management’s
expectations, beliefs, estimates, forecasts, projections and assumptions,
including as to future potential cost savings, synergies, earnings, cash flow,
return on average capital employed, production, divestitures and prospects.
Often, but not always, these forward looking statements are identified by
their use of terms and phrases such as “anticipate” or “does not
anticipate”, “believe”, “estimate”, “forecast”, “expect” or
“does not expect”, “is expected”, “is subject to”, “goals”,
“intend”, “objectives”, “outlook”, “plan”, “budget”,
“scheduled”, “probably”, “project”, “risks”, “seek”,
“target”  or variations of such words and phrases and statements that
certain actions, events or results “may”, “could”, “should”,
“would”, “might” or “will” be taken, occur or be achieved.

There are a number of factors that could affect the future operations of
Allied Universal, the Allied Universal Group, G4S and/or the G4S Group and
that could cause results and developments to differ materially from those
expressed or implied in the forward looking statements included in this
announcement, including (without limitation): (a) changes in demand for Allied
Universal’s and/or G4S’s products; (b) currency fluctuations; (c) loss of
market share and industry competition; (d) risks associated with the
identification of suitable properties, acquirors and targets, and successful
negotiation and completion of such transactions; (e) changes in macroeconomic
or trading conditions; (f) the impact of COVID-19; and (g) changes in
government and regulation including in relation to health and safety. Other
unknown or unpredictable factors could cause actual results to differ
materially from those in the forward looking statements. Such forward looking
statements should therefore be construed in the light of such factors.

All forward looking statements contained in this announcement are expressly
qualified in their entirety by the cautionary statements contained or referred
to in this section. Although Allied Universal and Allied Bidco believe that
the expectations reflected in such forward looking statements are reasonable,
Allied Universal, Allied Bidco and their respective associates, directors,
officers and advisers provide no representation, assurance or guarantee that
the occurrence of the events expressed or implied in any forward looking
statements in this announcement will actually occur. Readers should not place
undue reliance on forward looking statements.

Each forward looking statement speaks only as of the date of this
announcement. None of Allied Universal, Allied Bidco or the Allied Universal
Group undertakes any obligation, and expressly disclaims any intention or
obligation, to publicly update or revise any forward looking statement as a
result of new information, future events or otherwise, except to the extent
legally required (including under the United Kingdom Listing Rules and the
Disclosure and Transparency Rules of the FCA). In light of these risks,
results could differ materially from those stated, implied or inferred from
the forward looking statements contained in this announcement.

No forecasts or estimates

No statement in this announcement is intended as a profit forecast, profit
estimate or quantified financial benefits statement for any period and no
statement in this announcement should be interpreted to mean that cash flow
from operations, free cash flow, earnings or earnings per share for Allied
Universal, Allied Bidco, G4S or the Enlarged Group, as appropriate, for the
current or future financial years would necessarily match or exceed the
respective historical published cash flow from operations, free cash flow,
earnings or earnings per share for Allied Universal, Allied Bidco or G4S as
appropriate or to mean that the Enlarged Group’s earnings in the first 12
months following the Offer, or in any subsequent period, would necessarily
match or be greater than those of Allied Bidco or G4S for the relevant
preceding financial period or any other period.

Availability of hard copies

G4S Shareholders may request a hard copy of this announcement by contacting
Link Group on 0371 664 0321. Calls are charged at the standard geographic rate
and will vary by provider. Calls from outside the United Kingdom will be
charged at the applicable international rate. The helpline is open between
9.00 am – 5.30 pm, Monday to Friday excluding public holidays in England and
Wales.  Please note that Link Group cannot provide any financial, legal or
tax advice and calls may be recorded and monitored for security and training
purposes or by submitting a request in writing to Link Group, Corporate
Actions at 10th Floor, Central Square, 29 Wellington Street, Leeds LS1 4DL. If
you have received this announcement in electronic form, copies of this
announcement and any document or information incorporated by reference into
this announcement will not be provided unless such a request is made.

If you are in any doubt about the contents of this announcement or the action
you should take, you are recommended to seek your own independent financial
advice immediately from your stockbroker, bank manager, solicitor, accountant
or from an independent financial adviser duly authorised under the Financial
Services and Markets Act 2000 (as amended) if you are located in the United
Kingdom or, if you are located outside the United Kingdom, from an
appropriately authorised independent financial adviser.

Rounding

Certain figures included in this announcement have been subjected to rounding
adjustments. Accordingly, figures shown for the same category presented in
different tables or forms may vary slightly and figures shown as totals in
certain tables or forms may not be an arithmetic aggregation of the figures
that precede them
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