RWS Holdings PLC (LSE:RWS)
£ 1.534 0.01 (0.66%) Market Cap: 564.83 Mil Enterprise Value: 633.53 Mil PE Ratio: 0 PB Ratio: 0.62 GF Score: 68/100

RWS Holdings PLC to Acquire SDL PLC Call Transcript

Aug 27, 2020 / 07:30AM GMT
Release Date Price: £6.5 (-12.28%)
Operator

Good morning. Welcome to the RWS and SDL Webinar. (Operator Instructions) There's a PDF of the slides on the right-hand side, and this webinar is being recorded. I now hand over to Andrew Brode, Executive Chairman; and Richard Thompson, CEO of RWS; and David Clayton, Chairman, SDL.

Andrew, over to you.

Andrew Stephen Brode
RWS Holdings plc - Executive Chairman

Good morning, everybody. Richard and David and I are very pleased to have this opportunity to present what we believe is a highly significant development in the language service provision world because the combination of RWS and SDL will create the world's leading language services and technology group.

If I could see the first slide and the next one, this summarizes the key financial parts of the transaction. It is an all-share offer by RWS for SDL. The ratio being 70.5% for the ongoing RWS shareholders of the combined entity, 29.5% for SDL, an offer price therefore of 907p and approximate offer equity value of GBP 854 million and a premium of just over 50%.

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