Company Announcements

Deferred payment for prior acquisition

Source: RNS
RNS Number : 1956G
RWS Holdings PLC
11 November 2022






For immediate release                                                                                               11 November 2022


RWS Holdings plc


Deferred payment for Iconic Translation Machines Ltd


Further to the announcement on 10 February 2021, RWS 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:

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


MHP (Financial PR advisor)

Katie Hunt / Simon Hockridge

020 3128 8100


Numis (Nomad & Joint Broker)

Stuart Skinner / Kevin Cruickshank / Will Baunton




020 7260 1000


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).


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