RWS Holdings PLC AGM Statement (8208P)

TIDMRWS

RNS Number : 8208P

RWS Holdings PLC

13 February 2019

For immediate release

13 February 2019

RWS Holdings plc

AGM Statement

RWS Holdings plc ("RWS", "the Group"), one of the world's leading language, intellectual property support services and localization providers, is today holding its Annual General Meeting at which Andrew Brode, Chairman, will make the following remarks:

"The financial year ended 30 September 2018 marked our 60(th) year in business and saw us deliver our 15(th) year of unbroken growth in revenues, profits and dividends since flotation in 2003. This strong performance reflected both organic and acquisitive growth.

"We have continued to build on this momentum with the acquisition of Alpha Translations Canada Inc. ("Alpha"), a leading provider of high-quality legal and financial translations on 17 January 2019, for a cash consideration of US$6.0m which was funded with internal resources."

Current trading and outlook

"We have had an excellent start to the financial year, considerably ahead of the previous year, with strong underlying trading in the first quarter combined with the benefit of currency movements. While it remains early in the year, this underpins our confidence in delivering a performance for FY 2019 which is at least in line with market expectations.

"We remain focused upon realizing the full potential provided by our recent acquisitions and market leading positions."

For further information, please contact:

 
 RWS Holdings plc 
  Andrew Brode, Chairman 
  Richard Thompson, Chief Executive 
  Officer                                        01753 480200 
 
      MHP 
      Katie Hunt / Simon Hockridge               0203 128 8100 
 
      Numis 
      Stuart Skinner / Kevin Cruickshank 
      (Nominated Adviser)                        0207 260 1000 
 

About RWS

RWS is the world's leading provider of intellectual property support services (patent translations, international patent filing solutions and searches), a market leader in life sciences translations and linguistic validation, a leading localization provider, and a high-level specialist language service provider in other technical areas, providing for the diverse needs of a blue-chip multinational client base spanning Europe, North America and Asia.

RWS is based in the UK, with offices in Europe, the United States, Canada, China, Japan, Australia and Argentina, and is listed on AIM, the London Stock Exchange regulated market (RWS.L).

For further information, please visit: www.rws.com.

Forward-looking statements

This announcement contains certain statements that are forward-looking. These include statements regarding our intentions, beliefs or current expectations and those of our officers, Directors and employees concerning, amongst other things, our results of operations, financial condition, liquidity, prospects, growth, strategies and the business we operate. By their nature, these statements involve uncertainty since future events and circumstances can cause results and developments to differ materially from those anticipated. The forward-looking statements reflect knowledge and information available at the date of preparation of this document and, unless otherwise required by applicable law, the Company undertakes no obligation to update or review these forward-looking statements. Nothing in this announcement should be construed as a profit forecast. The Company and its Directors accept no liability to third parties in respect of this document save as would arise under English law.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

AGMEAXAAFASNEFF

(END) Dow Jones Newswires

February 13, 2019 02:00 ET (07:00 GMT)