Completion of Acquisition
RWS Holdings PLC
11 November 2003
11 November 2003
RWS Holdings plc
('RWS' or 'the Company')
COMPLETION OF ACQUISITION OF BYBROOK LIMITED
BY HEALTH MEDIA GROUP PLC
Having received shareholder approval at its Extraordinary General Meeting held on
10 November 2003, Health Media Group plc is pleased to announce that it has
today completed the acquisition of Bybrook Limited ('Bybrook'), the holding
company of RWS Group, a provider of intellectual property support services
(patent translations and technical searches). In addition, it has changed its
name to RWS Holdings plc.
The admission of the New Ordinary Shares and readmission of the Existing
Ordinary Shares of the Company to AIM occurred at 8.00 am today. The total
number of ordinary shares of 5p in issue following completion of the Placing and
Acquisition are 37,782,111 and these are trading in the new Company name, RWS
Holdings plc.
Andrew Brode, Chairman of RWS, commenting on the acquisition said:
'I am delighted that RWS has today successfully become a public company. I
believe that the admission to AIM will enhance RWS' leading market position in
the growing intellectual property market and better enable it to take advantage
of the growth opportunities which current favourable market conditions present.'
The meaning of terms used within this statement should be taken as those defined
within the circulars to shareholders dated 10 October 2003.
- Ends -
For further information, please contact:
RWS Group
Andrew Brode, Executive Chairman 01753 480 200
Liz Lucas, Executive Director
Weber Shandwick Square Mile
Nick Oborne or Katie Hunt 020 7067 0700
Collins Stewart
Steve Roberts or Mark Connelly 020 7523 8350
Arbuthnot
Tim Goodman 0121 632 2100
This information is provided by RNS
The company news service from the London Stock Exchange
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