REG - RWS Holdings PLC - Response to BPEA's Statement

RWS HoldingsAnnouncement

16/05/2022 07:45

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RNS Number : 5882L  RWS Holdings PLC  16 May 2022

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16 May 2022

 

RWS Holdings plc

("RWS" or the "Company")

 

RESPONSE TO BPEA'S STATEMENT THAT IT IS NO LONGER EVALUATING A POSSIBLE OFFER
FOR RWS

 

RWS notes today's announcement made by Baring Private Equity Asia Fund VIII
Limited ("BPEA") that it is no longer evaluating a possible offer for the
Company and that it is consequently bound by the restrictions under Rule 2.8
of the City Code on Takeovers and Mergers.

 

The interest from BPEA was unsolicited and did not result in any proposal
being made to RWS. The Board of RWS believes the Company has a strong future
based on its clearly defined strategy, as outlined at its Capital Markets
Event on 23 March 2022, which includes accelerating organic growth,
capitalising on a simplified technology portfolio, driving operational
leverage and enhancing growth and returns. The Company is focused on the
actions and investments which support this strategy and its five year
accelerated growth plan. The Board believes the delivery of this strategy will
create significant value for the Company's shareholders.

 

RWS will report its results for the six months ended 31 March 2022 on 9 June
2022.

 

This announcement is not being made with the consent of BPEA.

 

Enquiries:

 RWS Holdings plc                                        01753 480200

Andrew Brode, Chairman

 Ian El-Mokadem, Chief Executive Officer

 Rod Day, Chief Financial Officer

 Gleacher Shacklock (Financial Adviser to RWS)           020 7484 1150

 Dominic Lee

 Tom Quinn

 Goldman Sachs International (Financial Adviser to RWS)  020 7774 1000

 Khamran Ali

Owain Evans

 Numis Securities Limited (Nomad & Joint Broker)         020 7260 1000

Stuart Skinner

 Kevin Cruickshank

 

 Berenberg (Joint Broker)  020 3207 7800

Ben Wright

 Toby Flaux

 MHP                       rws@mhpc.com

Katie Hunt

Simon Hockridge          020 3128 8789

 

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 (http://www.rws.com) .

Important notices

 

Gleacher Shacklock LLP ("Gleacher Shacklock"), which is authorised and
regulated in the United Kingdom by the Financial Conduct Authority, is acting
exclusively for RWS and no one else in connection with the matters set out in
this announcement and will not be responsible to anyone other than RWS for
providing the protections offered to clients of Gleacher Shacklock or for
providing advice in relation to the contents of this announcement or any
matters referred to herein.

 

Goldman Sachs International ("Goldman Sachs"), which is authorised by the
Prudential Regulation Authority and regulated in the United Kingdom by the
Financial Conduct Authority and the Prudential Regulation Authority, is acting
exclusively for RWS and no one else in connection with the matters set out in
this announcement and will not be responsible to anyone other than RWS for
providing the protections offered to clients of Goldman Sachs or for providing
advice in relation to the contents of this announcement or any matters
referred to herein.

 

Numis Securities Limited ("Numis"), which is authorised and regulated in the
United Kingdom by the Financial Conduct Authority, is acting exclusively for
RWS and no one else in connection with the matters set out in this
announcement and will not be responsible to anyone other than RWS for
providing the protections offered to clients of Numis or for providing advice
in relation to the contents of this announcement or any matters referred to
herein.

 

Joh. Berenberg, Gossler & Co. KG, London Branch ("Berenberg"), which is
regulated by the German Federal Financial Supervisory Authority (BaFin) and
subject to limited regulation in the United Kingdom by the Financial Conduct
Authority, is acting exclusively for RWS and no one else in connection with
the matters set out in this announcement and will not be responsible to anyone
other than RWS for providing the protections offered to clients of Berenberg
or for providing advice in relation to the contents of this announcement or
any matters referred to herein.

 

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