For immediate release 11 November 2022
RWS Holdings plc
Deferred payment for Iconic Translation Machines Ltd
Further to the announcement on 10 February 2021, R 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.
For further information, please contact:
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RWS Holdings plc Andrew Brode, Chairman Ian El-Mokadem, Chief Executive Officer Candy Davies, Chief Financial Officer Rod Day, Deputy Chief Financial Officer |
01753 480200 |
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MHP (Financial PR advisor) Katie Hunt / Simon Hockridge |
rws@mhpc.com 020 3128 8100 |
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Numis (Nomad & Joint Broker) Stuart Skinner / Kevin Cruickshank / Will Baunton |
020 7260 1000 |
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Berenberg (Joint Broker) Ben Wright / Toby Flaux / Alix Mecklenburg-Solodkoff |
020 3207 7800 |
About RWS:
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.
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, maintain compliance and gain actionable insights into their data and content.
Our clients include 90 of the world's top 100 brands, the top 20 pharmaceutical companies and 19 of the top 20 patent filers. Our client base spans Europe, Asia Pacific and North and South America. We work in the automotive, chemical, financial, legal, medical, pharmaceutical, technology and telecommunications sectors, which we serve from 80+ global locations across five continents.
Founded in 1958, RWS is headquartered in the UK and publicly listed on AIM, the London Stock Exchange regulated market (RWS.L).
For further information, please visit: www.rws.com.