RWS Holdings PLC to Acquire SDL PLC Call Transcript
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.
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%.
Next slide,
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