G4S PLC Offer Update And Notification Of Board Changes

 
TIDMGFS 
 
 
   22 April 2021 
 
   G4S plc 
 
   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   Unless the context otherwise requires and save to the extent superseded 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. 
 
   Celine Barroche 
 
   Company Secretary 
 
 
 
 
 
  For further enquiries, please contact: 
                                           Director of 
                                            Investor 
Helen Parris                                Relations      +44 (0) 207 9633189 
 
  Media enquiries 
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 
secondary listing. 
 
   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)

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