Business
Deferred payment for prior acquisition
Deferred payment for prior acquisition.
About this update from Rws Holdings Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n For immediate release 11 November 2022\n \n \n \n \n \n RWS Holdings plc\n \n \n \n \n \n Deferred payment for Iconic Translation Machines Ltd\n \n \n \n \n \n Further to the\n announcement\n on 10 February 2021, R\n 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.\n \n \n \n \n \n For further information, please contact:\n \n \n \n \n \n \n RWS Holdings plc\n \n \n Andrew Brode, Chairman\n \n \n Ian El-Mokadem, Chief Executive Officer\n \n \n Candy Davies, Chief Financial Officer\n \n \n Rod Day, Deputy Chief Financial Officer\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 01753 480200\n \n \n \n \n \n \n \n \n \n MHP (Financial PR advisor)\n \n \n Katie Hunt / Simon Hockridge\n \n \n \n \n \n \n \n [email protected]\n \n \n 020 3128 8100\n \n \n \n \n \n \n \n \n \n Numis (Nomad & Joint Broker)\n \n \n Stuart Skinner / Kevin Cruickshank / Will Baunton\n \n \n \n \n \n \n \n \n \n \n \n \n \n 020 7260 1000\n \n \n \n \n \n \n \n \n \n Berenberg (Joint Broker)\n \n \n Ben Wright / Toby Flaux / Alix Mecklenburg-Solodkoff\n \n \n \n \n \n \n \n 020 3207 7800\n \n \n \n \n \n \n \n \n \n \n About RWS:\n \n \n \n \n \n \n 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.\n \n \n \n \n \n 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, mai...