Deferred payment for prior acquisition

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, R WS 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) Katie Hunt / Simon Hockridge	[e-mail] 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.

 

END

 

 

ACQFLFFSLDLLLIF