RWS Holdings PLC AGM Statement (8208P)
February 13 2019 - 2:00AM
UK Regulatory
TIDMRWS
RNS Number : 8208P
RWS Holdings PLC
13 February 2019
For immediate release
13 February 2019
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 2018 marked our 60(th)
year in business and saw us deliver our 15(th) year of unbroken
growth in revenues, profits and dividends since flotation in 2003.
This strong performance reflected both organic and acquisitive
growth.
"We have continued to build on this momentum with the
acquisition of Alpha Translations Canada Inc. ("Alpha"), a leading
provider of high-quality legal and financial translations on 17
January 2019, for a cash consideration of US$6.0m which was funded
with internal resources."
Current trading and outlook
"We have had an excellent start to the financial year,
considerably ahead of the previous year, with strong underlying
trading in the first quarter combined with the benefit of currency
movements. While it remains early in the year, this underpins our
confidence in delivering a performance for FY 2019 which is at
least in line with market expectations.
"We remain focused upon realizing the full potential provided by
our recent acquisitions and market leading positions."
For further information, please contact:
RWS Holdings plc
Andrew Brode, Chairman
Richard Thompson, Chief Executive
Officer 01753 480200
MHP
Katie Hunt / Simon Hockridge 0203 128 8100
Numis
Stuart Skinner / Kevin Cruickshank
(Nominated Adviser) 0207 260 1000
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 spanning Europe, North America
and Asia.
RWS is based in the UK, with offices in Europe, the United
States, Canada, China, Japan, Australia and Argentina, 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. These 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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