REG - RWS Holdings PLC - Deferred payment for prior acquisition

RWS HoldingsAnnouncement

11/11/2022 14:45

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RNS Number : 1956G  RWS Holdings PLC  11 November 2022

 

 

 

 

 

For immediate
release
11 November 2022

 

RWS Holdings plc

 

Deferred payment for Iconic Translation Machines Ltd

 

Further to the announcement on 10 February 2021, RWS Holdings plc ("RWS"), a
unique world-leading provider of technology-enabled language, content and
intellectual property services, confirms that it will make a final contractual
payment on 14 November of $5 million in relation to the acquisition of Iconic
Translation Machines Ltd ("Iconic").  The payment reflects an agreement
reached with the Iconic shareholders to receive the payment in cash rather
than RWS shares, as had originally been agreed.

 

For further information, please contact:

 RWS Holdings plc

 Andrew Brode, Chairman

 Ian El-Mokadem, Chief Executive Officer

 Candy Davies, Chief Financial Officer

 Rod Day, Deputy Chief Financial Officer                01753 480200

 MHP (Financial PR advisor)                             rws@mhpc.com

 Katie Hunt / Simon Hockridge                           020 3128 8100

 Numis (Nomad & Joint Broker)

 Stuart Skinner / Kevin Cruickshank / Will Baunton      020 7260 1000

 Berenberg (Joint Broker)

 Ben Wright / Toby Flaux / Alix Mecklenburg-Solodkoff   020 3207 7800

About RWS:

 

RWS Holdings plc is a unique, world-leading provider of technology-enabled
language, content and intellectual property services. Through content
transformation and multilingual data analysis, our unique combination of
technology and cultural expertise helps our clients to grow by ensuring they
are understood anywhere, in any language.

 

Our purpose is unlocking global understanding. By combining cultural
understanding, client understanding and technical understanding, our services
and technology assist our clients to acquire and retain customers, deliver
engaging user experiences, maintain compliance and gain actionable insights
into their data and content.

 

Our clients include 90 of the world's top 100 brands, the top 20
pharmaceutical companies and 19 of the top 20 patent filers. Our client base
spans Europe, Asia Pacific and North and South America. We work in the
automotive, chemical, financial, legal, medical, pharmaceutical, technology
and telecommunications sectors, which we serve from 80+ global locations
across five continents.

 

Founded in 1958, RWS is headquartered in the UK and publicly listed on AIM,
the London Stock Exchange regulated market (RWS.L).

 

For further information, please visit: www.rws.com.

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