G4S PLC Offer Update And Notification Of Board Changes
22 April 2021
Offer Update and Notification of Board Changes
Offer update, delisting and cancellation of trading
On 8 December 2020 the boards of directors managing Allied Universal
Topco LLC ("Allied Universal") and of G4S plc ("G4S" or the "Company")
announced that they had reached agreement on the terms of a recommended
cash offer, to be made by Atlas UK Bidco Limited ("Allied Bidco"), a
newly incorporated entity that is indirectly controlled by Allied
Universal, to acquire the entire issued and to be issued share capital
of G4S (the "Offer"). On 16 March 2021, the Offer became unconditional
as to acceptances and on 6 April 2021, the Offer was declared
unconditional in all respects (the "Change of Control").
G4S has made applications to cancel the listing of G4S Shares on the
Official List and to cancel trading in G4S Shares on the London Stock
Exchange's main market for listed securities and such cancellation is
expected to take effect no earlier than 5 May 2021. On 16 April, G4S
completed the removal from trading of G4S' shares from Nasdaq Copenhagen
A/S and official listing.
On 13 April 2021, Allied Bidco announced that having received valid
acceptances under the Offer in respect of a total of 1,410,398,516 G4S
Shares representing approximately 90.25 per cent. of the existing issued
ordinary share capital of G4S, Allied Bidco would shortly exercise its
rights in accordance with sections 974 to 991 of the Act to acquire
compulsorily the remaining G4S Shares in respect of which the Offer has
not been accepted.
Changes to the composition of the board of directors of G4S
As agreed in the cooperation agreement entered into on 8 December 2020
between the Company, Allied Universal and Allied Bidco, Ms Grate and
Messrs Connolly, Almanza, Mogford, Ramsay and Weller, all of whom had
agreed to stay on the board following the Change of Control for a short
period to support the transition process have now stepped down from the
board of G4S with effect from 21 April 2021.
Unless the context otherwise requires and save to the extent superseded
in this announcement, the definitions and rules of interpretation used
in the offer document published by Allied Bidco on 5 January 2021 (the
"Offer Document") shall also apply in this announcement.
For further enquiries, please contact:
Helen Parris Relations +44 (0) 207 9633189
Sophie McMillan Head of Media +44 (0) 759 5523483
Press office +44 (0) 207 9633333
Notes to Editors
G4S is the leading global security company, specialising in the
provision of security services and solutions to customers. Our mission
is to create material, sustainable value for our customers and
shareholders by being the supply partner of choice in all our markets.
G4S is now a part of Allied Universal and is currently quoted on the
London Stock Exchange (until at least 5 May 2021). On 16 April 2021, G4S
completed its delisting from the exchange in Copenhagen, where it had a
After taking account of the businesses being sold in the year, G4S is
active in more than 80 countries and has around 533,000 employees. For
more information on G4S, visit www.g4s.com.
(END) Dow Jones Newswires
April 22, 2021 11:26 ET (15:26 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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