RWS Holdings PLC AGM Statement (6374E)
February 13 2018 - 2:00AM
UK Regulatory
TIDMRWS
RNS Number : 6374E
RWS Holdings PLC
13 February 2018
13 February 2018
RWS Holdings plc
AGM Statement
RWS Holdings plc ("RWS", "the Group"), one of the world's
leading language, intellectual property support services and
localisation providers, is today holding its Annual General Meeting
at which Andrew Brode, Chairman, will make the following
remarks:
"The financial year ended 30 September 2017 saw the fourteenth
successive year of growth in Group sales, underlying profits and
dividends since flotation in 2003.
"The current financial year has started well as we continue to
build on this record performance, with our Patent Translation &
Filing, newly formed Life Sciences, and Information divisions all
contributing in line with our expectations.
"In addition, RWS acquired Moravia on 3 November 2017 for a cash
consideration of US$320 million. Moravia is one of the leading
providers of technology enabled localisation services to some of
the largest technology companies in the world. Its acquisition
enhances RWS' global presence, adding operations in the Czech
Republic, USA, Japan, China, Argentina, Hungary and Ireland;
provides further geographic and currency diversification; and adds
an additional profitable, cash generative division of scale to the
Group.
Current Trading and Outlook
"The Group has performed in line with the Board's expectations
in the first quarter of the current financial year. Our focus now
is upon the integration of Moravia together with the successful
exploitation of the opportunities provided by our recent
acquisitions.
"Notwithstanding US exchange rate headwinds, the Board is
confident of further substantial progress in 2018 as RWS
consolidates its global leading positions in its chosen
sectors."
For further information, contact:
RWS Holdings plc
Andrew Brode, Chairman 01753 480200
Richard Thompson, Chief Executive Officer
MHP
Katie Hunt / Simon Hockridge
0203 128 8100
Numis
Stuart Skinner / Kevin Cruickshank (Nominated Adviser) 0207 260
1000
Michael Burke (Corporate Broker)
About RWS:
RWS is the world's leading provider of intellectual property
support services (patent translations, international patent filing
solutions and searches), a market leader in life sciences
translations and linguistic validation, a leading localisation
provider, and a high level specialist language service provider in
other technical areas, providing for the diverse needs of a
blue-chip multinational client base from Europe, North America and
Asia. RWS is based in the UK, with offices in Europe, the USA,
China, Japan, Latin American and Australia, and is listed on AIM,
the London Stock Exchange regulated market (RWS.L).
For further information, please visit: www.rws.com
This announcement contains inside information, which is
disclosed in accordance with the Market Abuse Regulation, which
came into effect on 3 July 2016.
Forward-Looking Statements
This announcement contains certain statements that are
forward-looking statements. They appear in a number of places
through this announcement and include statements regarding our
intentions, beliefs or current expectations and those of our
officers, directors and employees concerning, amongst other things,
our results of operations, financial condition, liquidity,
prospects, growth, strategies and the business we operate. By their
nature, these statements involve uncertainty since future events
and circumstances can cause results and developments to differ
materially from those anticipated. The forward-looking statements
reflect knowledge and information available at the date of
preparation of this document and, unless otherwise required by
applicable law, the Company undertakes no obligation to update or
review these forward-looking statements. Nothing in this
announcement should be construed as a profit forecast. The Company
and its directors accept no liability to third parties in respect
of this document save as would arise under English law.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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