RWS Holdings PLC AGM Statement (6682C)
12 Febbraio 2020 - 8:00AM
UK Regulatory
TIDMRWS
RNS Number : 6682C
RWS Holdings PLC
12 February 2020
12 February 2020
RWS Holdings plc
AGM Statement
RWS Holdings plc ("RWS", "the Group"), one of the world's
leading language, intellectual property support services and
localization providers, is today holding its Annual General Meeting
at which Andrew Brode, Chairman, will make the following
remarks:
"The financial year ended 30 September 2019 was an excellent
year for RWS, with all three divisions delivering record results,
enabling the Group to maintain its unparalleled record of 16 years
of unbroken growth in revenues, profits and dividends since
flotation in 2003. This achievement was recognized when RWS was
named Company of the Year at the 2019 AIM Awards."
Current trading and outlook
"We have continued to build on our momentum in the first few
months of the 2020 financial year, with several excellent new
contract wins, particularly within our IP Services division,
leaving us on course to deliver full year results in line with the
Board's underlying expectations, notwithstanding the recent
currency headwinds.
"RWS continues to generate a high level of cash and we now
expect to return the Group to a net cash position quicker than
previously anticipated. We are also pleased to announce that we
have agreed an amended debt facility, increasing it to up to
US$200m on materially better terms, with a four year term and an
option to extend to five years.
"We remain focused upon realizing the full potential of our
market leading positions whilst continuing to identify acquisition
opportunities that will enhance the Group's geographic coverage or
range of services provided."
For further information, please contact:
RWS Holdings plc
Andrew Brode, Chairman
Richard Thompson, Chief Executive
Officer
Des Glass, Chief Financial Officer 01753 480200
MHP
Katie Hunt/Simon Hockridge 0203 128 8100
Numis (Nomad & Joint Broker)
Stuart Skinner/Kevin Cruickshank 0207 260 1000
Berenberg (Joint Broker)
Ben Wright/Toby Flaux/Alix Mecklenburg-Solodkoff 0203 207 7800
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 localization
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, North America,
Asia, Latin America and Australia, and is listed on AIM, the
London Stock Exchange regulated market (RWS.L).
For further information, please visit: www.rws.com
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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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