Cushman & Wakefield Announces Proposed Public Offering of Ordinary Shares by Selling Shareholders
20 Mai 2024 - 12:13PM
Business Wire
Cushman & Wakefield plc (NYSE: CWK) (“Cushman &
Wakefield”) announced today the launch of a proposed underwritten
public offering of 26,513,041 ordinary shares. Cushman &
Wakefield is not offering any ordinary shares. All of the ordinary
shares are being offered by existing shareholders and Cushman &
Wakefield will not receive any of the proceeds from the offering.
The underwriter will offer the shares from time to time for sale in
negotiated transactions or otherwise, at market prices prevailing
at the time of sale, at prices related to such prevailing market
prices or at negotiated prices. The last reported sales price of
Cushman & Wakefield’s ordinary shares on May 17, 2024 was
$11.72 per share. The selling shareholders include funds affiliated
with TPG and PAG Asia Capital.
J.P. Morgan is serving as sole underwriter for the offering.
An automatic shelf registration statement relating to the
ordinary shares to be sold in the offering was filed with the
Securities and Exchange Commission (“SEC”) on May 20, 2024 and
became effective upon filing. The offering may be made only by
means of a prospectus supplement and the accompanying prospectus.
You may obtain these documents for free by visiting the SEC’s
website at www.sec.gov. Additionally, copies of the preliminary
prospectus supplement and accompanying prospectus may be obtained
from J.P. Morgan Securities LLC, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email
at prospectus-eq_fi@jpmchase.com and
postsalemanualrequests@broadridge.com. The final terms of the
offering will be disclosed in a final prospectus supplement to be
filed with the SEC.
This press release shall not constitute an offer to sell or
the solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
sale or solicitation would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Cushman & Wakefield plc
Cushman & Wakefield (NYSE: CWK) is a leading global
commercial real estate services firm for property owners and
occupiers with approximately 52,000 employees in nearly 400 offices
and approximately 60 countries. In 2023, the firm reported revenue
of $9.5 billion across its core service lines of (i) Services, (ii)
Leasing, (iii) Capital markets, and (iv) Valuation and other. It
also receives numerous industry and business accolades for its
award-winning culture and commitment to Diversity, Equity and
Inclusion (DEI), sustainability and more.
Forward-Looking Statements
All statements in this press release other than historical facts
are forward-looking statements, which rely on a number of
assumptions concerning future events, including whether or not the
offering will be consummated. Such statements are also subject to a
number of uncertainties and factors outside Cushman &
Wakefield’s control. Such factors include, but are not limited to,
uncertainty regarding and changes in global economic or market
conditions and changes in government policies, laws, regulations
and practices. Should any Cushman & Wakefield assumptions or
these other uncertainties and factors materialize in ways that
Cushman & Wakefield did not expect, actual results could differ
materially from the forward-looking statements in this press
release. While Cushman & Wakefield believes the assumptions
underlying these forward-looking statements are reasonable under
current circumstances, recipients should bear in mind that such
assumptions are inherently uncertain. You are cautioned not to
place undue reliance on such forward-looking statements or other
information in this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20240519000166/en/
Investor Relations Contact Megan McGrath Investor
Relations +1 312 338 7860 IR@cushwake.com Media Contact Aixa
Velez Corporate Communications +1 312 424 8195
aixa.velez@cushwake.com
Cushman and Wakefield (NYSE:CWK)
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