This company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsDWF Group (DWFL) 주식 개요DWF Group plc provides integrated legal and business services in Europe, the Middle East, Asia, Australia, and North America. 자세히 보기DWFL 펀더멘털 분석스노우플레이크 점수가치 평가3/6미래 성장3/6과거 실적0/6재무 건전성4/6배당0/6강점공정 가치 추정치보다 낮은 36.3% 에서 거래수익은 매년 47.94% 증가할 것으로 예상됩니다.위험 분석부채는 operating cash flow로 충분히 감당되지 않습니다.재무 결과에 영향을 미치는 대규모 일회성 항목이익 마진 (2.8%)이 지난해 (4.9%)보다 낮습니다.지난 3개월 동안 상당한 내부자 매도가 있었습니다.+ 위험 2건 추가모든 위험 점검 보기DWFL Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueUK£Current PriceUK£1.0071.7% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-35m514m2016201920222025202620282031Revenue UK£513.5mEarnings UK£14.2mAdvancedSet Fair ValueView all narrativesDWF Group plc 경쟁사FintelSymbol: AIM:FNTLMarket cap: UK£188.6mWilmingtonSymbol: LSE:WILMarket cap: UK£223.9mElixirr InternationalSymbol: LSE:ELIXMarket cap: UK£361.4mScience GroupSymbol: AIM:SAGMarket cap: UK£240.1m가격 이력 및 성과DWF Group 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가UK£1.0052주 최고가UK£1.0052주 최저가UK£0.48베타0.621개월 변동2.05%3개월 변동50.00%1년 변동18.01%3년 변동46.04%5년 변동n/aIPO 이후 변동-16.30%최근 뉴스 및 업데이트공시 • Oct 11DWF Group plc Announces Tea Colaianni, Resigns as Non-Executive DirectorDWF Group plc announces that Tea Colaianni, a Non-Executive Director of DWF Group Plc (DWF) has confirmed that, due to the cancellation DWF trading their shares on the main market for listed securities of the London Stock Exchange, with effect from 4 October 2023, she has resigned as a director of DWF.공시 • Oct 05+ 1 more updateInflexion Private Equity Partners LLP completed the acquisition of DWF Group plc (LSE:DWF) from group of shareholders.Inflexion Private Equity Partners LLP entered into a Scheme of Arrangement to acquire DWF Group plc (LSE:DWF) from group of shareholders for approximately £340 million on July 21, 2023. As per the terms of the transaction, the offer price per share is £1 which includes cash consideration of £0.97 pence per DWF Share and a special dividend of £0.3 pence per DWF Share. The Acquisition will be funded through a combination of equity investment into Bidco from the Inflexion Funds, and new debt financing to be provided under the Senior Debt Facilities made available to Bidco by ICG funds with ICG Alternative Investment Limited acting as mandated lead arranger. Transaction is subject to DWF shareholders approval, court approval, and regulatory approvals and other conditions. DWF Directors unanimously recommended that DWF Shareholders vote in favor of the Scheme at the Court Meetings and vote in favor at the General Meeting. As of September 12, 2023. the board of DWF is pleased to announce that the Employee Shareholder Court Meeting and the Other Shareholder Court Meeting to consider the Scheme and the General Meeting to consider the Resolution were each held today and all resolutions were approved by the requisite majorities. As of September 26, 2023, all of the conditions to the acquisition relating to anti-trust and regulatory approvals have been satisfied and the transaction remains subject to Court sanctioning the Scheme at the Sanction Hearing. The acquisition is currently expected to become effective around Q4, 2023. As of September 26, 2023, the scheme is expected to become effective on October 3, 2023. As of September 29, 2023, High Court of Justice in England and Wales had sanctioned the Scheme. N.M. Rothschild & Sons Limited acted as a finanical advisor, Travers Smith LLP acted as a legal advisor to Inflexion Private Equity Partners. Stifel Nicolaus Europe Limited, and Fenchurch Advisory Partners LLP provided the fairness opinion and acted as financial advisors, Dorsey & Whitney (Europe) LLP, and George Knighton of Skadden, Arps, Slate, Meagher & Flom (UK) LLP acted as legal advisors to DWF. Equiniti Limited acted as a registrar to DWF. Inflexion Private Equity Partners LLP completed the acquisition of DWF Group plc (LSE:DWF) from group of shareholders on October 3, 2023.공시 • Sep 27DWF Group plc Declares Special Dividend, Payable Expected to Be No Later Than October 17, 2023DWF Group plc announced that the DWF Directors have declared the Special Dividend, settlement of which is conditional upon the Scheme becoming Effective. The other Conditions to the Scheme and the Acquisition are set out in the Scheme Document. DWF Shareholders who are on the register of members of DWF at the Scheme Record Time (expected to be at 6.00 pm. on 2 October 2023) (the "Record Date") will be entitled to the Special Dividend, being 3 pence for each DWF Share held at the Record Date. As the Special Dividend is conditional on the Scheme becoming Effective and shares the same record date as the Scheme Record Date, no ex date will be applied to the Special Dividend. Settlement of the Special Dividend will take place no later than 14 days after the Scheme has become Effective (as further referred to below, currently expected to be no later than 17 October 2023, assuming the Scheme becomes Effective on 3 October 2023). In the event that the Scheme does not become Effective, there will be no Special Dividend.공시 • Sep 24DWF Appoints Andrew Symons as Insurance PartnerDWF announced that Andrew Symons has been appointed to the firm's London Global Risks team as an insurance partner. Symons has more than 30 years of experience.공시 • Aug 25+ 1 more updateDWF Group plc, Annual General Meeting, Oct 20, 2023DWF Group plc, Annual General Meeting, Oct 20, 2023.공시 • Jul 23+ 1 more updateDWF Group to Delist its SharesThe boards of Aquila Bidco Limited (‘Bidco’), a newly incorporated wholly-owned subsidiary of funds advised by Inflexion Private Equity Partners LLP (‘Inflexion’) and DWF Group plc (‘DWF’) announced that they have reached agreement on the terms and conditions of a recommended all cash offer by Bidco for the entire issued and to be issued ordinary share capital of DWF (the ‘Acquisition’). The Acquisition is intended to be implemented by means of a scheme of arrangement under Part 26 of the Companies Act. Under the terms of the Acquisition, which will be subject to the Conditions and further terms set out in the Scheme Document, each DWF Shareholder will be entitled to receive: 100 pence for each DWF Share (the ‘Transaction Value’) valuing the entire issued, and to be issued, ordinary share capital of DWF at approximately £342 million. On the Effective Date, share certificates in respect of DWF Shares will cease to be valid and entitlements to DWF Shares held within the CREST system will be cancelled. DWF Shareholders shall be required to return share certificates to DWF or destroy them following the Effective Date. It is also proposed that, following the Effective Date and after its shares are delisted, DWF will be re-registered as a private limited company under the relevant provisions of the Companies Act.더 많은 업데이트 보기Recent updates공시 • Oct 11DWF Group plc Announces Tea Colaianni, Resigns as Non-Executive DirectorDWF Group plc announces that Tea Colaianni, a Non-Executive Director of DWF Group Plc (DWF) has confirmed that, due to the cancellation DWF trading their shares on the main market for listed securities of the London Stock Exchange, with effect from 4 October 2023, she has resigned as a director of DWF.공시 • Oct 05+ 1 more updateInflexion Private Equity Partners LLP completed the acquisition of DWF Group plc (LSE:DWF) from group of shareholders.Inflexion Private Equity Partners LLP entered into a Scheme of Arrangement to acquire DWF Group plc (LSE:DWF) from group of shareholders for approximately £340 million on July 21, 2023. As per the terms of the transaction, the offer price per share is £1 which includes cash consideration of £0.97 pence per DWF Share and a special dividend of £0.3 pence per DWF Share. The Acquisition will be funded through a combination of equity investment into Bidco from the Inflexion Funds, and new debt financing to be provided under the Senior Debt Facilities made available to Bidco by ICG funds with ICG Alternative Investment Limited acting as mandated lead arranger. Transaction is subject to DWF shareholders approval, court approval, and regulatory approvals and other conditions. DWF Directors unanimously recommended that DWF Shareholders vote in favor of the Scheme at the Court Meetings and vote in favor at the General Meeting. As of September 12, 2023. the board of DWF is pleased to announce that the Employee Shareholder Court Meeting and the Other Shareholder Court Meeting to consider the Scheme and the General Meeting to consider the Resolution were each held today and all resolutions were approved by the requisite majorities. As of September 26, 2023, all of the conditions to the acquisition relating to anti-trust and regulatory approvals have been satisfied and the transaction remains subject to Court sanctioning the Scheme at the Sanction Hearing. The acquisition is currently expected to become effective around Q4, 2023. As of September 26, 2023, the scheme is expected to become effective on October 3, 2023. As of September 29, 2023, High Court of Justice in England and Wales had sanctioned the Scheme. N.M. Rothschild & Sons Limited acted as a finanical advisor, Travers Smith LLP acted as a legal advisor to Inflexion Private Equity Partners. Stifel Nicolaus Europe Limited, and Fenchurch Advisory Partners LLP provided the fairness opinion and acted as financial advisors, Dorsey & Whitney (Europe) LLP, and George Knighton of Skadden, Arps, Slate, Meagher & Flom (UK) LLP acted as legal advisors to DWF. Equiniti Limited acted as a registrar to DWF. Inflexion Private Equity Partners LLP completed the acquisition of DWF Group plc (LSE:DWF) from group of shareholders on October 3, 2023.공시 • Sep 27DWF Group plc Declares Special Dividend, Payable Expected to Be No Later Than October 17, 2023DWF Group plc announced that the DWF Directors have declared the Special Dividend, settlement of which is conditional upon the Scheme becoming Effective. The other Conditions to the Scheme and the Acquisition are set out in the Scheme Document. DWF Shareholders who are on the register of members of DWF at the Scheme Record Time (expected to be at 6.00 pm. on 2 October 2023) (the "Record Date") will be entitled to the Special Dividend, being 3 pence for each DWF Share held at the Record Date. As the Special Dividend is conditional on the Scheme becoming Effective and shares the same record date as the Scheme Record Date, no ex date will be applied to the Special Dividend. Settlement of the Special Dividend will take place no later than 14 days after the Scheme has become Effective (as further referred to below, currently expected to be no later than 17 October 2023, assuming the Scheme becomes Effective on 3 October 2023). In the event that the Scheme does not become Effective, there will be no Special Dividend.공시 • Sep 24DWF Appoints Andrew Symons as Insurance PartnerDWF announced that Andrew Symons has been appointed to the firm's London Global Risks team as an insurance partner. Symons has more than 30 years of experience.공시 • Aug 25+ 1 more updateDWF Group plc, Annual General Meeting, Oct 20, 2023DWF Group plc, Annual General Meeting, Oct 20, 2023.공시 • Jul 23+ 1 more updateDWF Group to Delist its SharesThe boards of Aquila Bidco Limited (‘Bidco’), a newly incorporated wholly-owned subsidiary of funds advised by Inflexion Private Equity Partners LLP (‘Inflexion’) and DWF Group plc (‘DWF’) announced that they have reached agreement on the terms and conditions of a recommended all cash offer by Bidco for the entire issued and to be issued ordinary share capital of DWF (the ‘Acquisition’). The Acquisition is intended to be implemented by means of a scheme of arrangement under Part 26 of the Companies Act. Under the terms of the Acquisition, which will be subject to the Conditions and further terms set out in the Scheme Document, each DWF Shareholder will be entitled to receive: 100 pence for each DWF Share (the ‘Transaction Value’) valuing the entire issued, and to be issued, ordinary share capital of DWF at approximately £342 million. On the Effective Date, share certificates in respect of DWF Shares will cease to be valid and entitlements to DWF Shares held within the CREST system will be cancelled. DWF Shareholders shall be required to return share certificates to DWF or destroy them following the Effective Date. It is also proposed that, following the Effective Date and after its shares are delisted, DWF will be re-registered as a private limited company under the relevant provisions of the Companies Act.공시 • Jul 11DWF Shares Jump on Takeover Approach from Inflexion Private EquityDWF Group plc (LSE:DWF) on July 10, 2023 confirmed a Bloomberg report that it was in talks about a potential takeover with Inflexion Private Equity Partners LLP. The Manchester-based legal business said the potential offer would be for a total consideration of 100 pence per share. This could comprise 97p in cash, and a 3p special dividend for the six months to April 30. The total consideration is a 53% premium to Friday's closing price of 65.5p. Shares in DWF jumped 31% to 85.75p each in London on July 10, 2023 morning. Should a firm offer on such terms be made by Inflexion, DWF said it would be "minded to unanimously recommend" it to its shareholders. The offer would be subject to certain terms and conditions, DWF noted. "Discussions between DWF and Inflexion are ongoing and there can be no certainty that an offer will be made, even if the pre-conditions are satisfied or waived," the company said. Under UK takeover rules, Inflexion has until August 7 to announce a firm intention to make an offer or announce that it does not intend to make an offer.New Risk • Jun 21New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (163% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (7.6% increase in shares outstanding).공시 • May 31DWF Group plc Provides Revenue Guidance for the Financial Year Ended 30 April 2023DWF Group plc provided revenue guidance for the financial year ended 30 April 2023. For the year, the company expects net revenue of c£380 million (unaudited) reflecting growth of more than 8%.Upcoming Dividend • Jan 26Upcoming dividend of UK£0.016 per share at 6.0% yieldEligible shareholders must have bought the stock before 02 February 2023. Payment date: 03 March 2023. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 6.0%. Within top quartile of British dividend payers (5.5%). Higher than average of industry peers (2.3%).Reported Earnings • Dec 09First half 2023 earnings released: EPS: UK£0.04 (vs UK£0.031 in 1H 2022)First half 2023 results: EPS: UK£0.04 (up from UK£0.031 in 1H 2022). Revenue: UK£179.1m (up 3.4% from 1H 2022). Net income: UK£12.2m (up 34% from 1H 2022). Profit margin: 6.8% (up from 5.2% in 1H 2022). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.공시 • Dec 08DWF Group plc Approves an Interim Dividend for the Year Ending 30 April 2023, Payable on 3 March 2023DWF Group plc announced that the Board has approved an interim dividend for the year ending 30 April 2023 of 1.6 pence per share in line with policy of paying one third of the prior year total dividend as the interim dividend in the following year. The interim dividend for fiscal year 2023 is payable on 3 March 2023 to shareholders on the register as at 3 February 2023.공시 • Dec 07DWF Group plc (LSE:DWF) acquired Whitelaw Twining Law Corp.DWF Group plc (LSE:DWF) reached an agreement to acquire Whitelaw Twining Law Corporation for CAD 41.6 million on November 7, 2022. 16.5 millions of shares were issued, CAD 4.4 million of cash, and CAD 3 million were paid as Contingent share consideration. Also, CAD 5.9 million were assumed as debt and CAD 10.7 millions of debt was repaid. Whitelaw Twining revenue was CAD 34.5 million and assets were CAD 21.6 million. The completion of the acquisition is subject to the satisfaction of certain pre-conditions, which are expected to be met by the end of 2022 and the transaction is expected to close by the end of 2022. Sam Turvey or Sam Cartwright of H/Advisors Maitland acted as financial advisor to DWF Group in the transaction. DWF Group plc (LSE:DWF) acquired Whitelaw Twining Law Corp. on December 6, 2022. All pre-conditions have now been met.Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Non-Executive Chairman Jonathan Bloomer was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.공시 • Nov 09DWF Group plc (LSE:DWF) reached an agreement to acquire Whitelaw Twining Law Corporation for CAD 26 million.DWF Group plc (LSE:DWF) reached an agreement to acquire Whitelaw Twining Law Corporation for CAD 41.6 million on November 7, 2022. 16.5 millions of shares were issued, CAD 4.4 million of cash, and CAD 3 million were paid as Contingent share consideration. Also, CAD 5.9 million were assumed as debt and CAD 10.7 millions of debt was repaid. Whitelaw Twining revenue was CAD 34.5 million and assets were CAD 21.6 million. The completion of the acquisition is subject to the satisfaction of certain pre-conditions, which are expected to be met by the end of 2022 and the transaction is expected to close by the end of 2022.공시 • Sep 07DWF Group plc Announces Executive ChangesDWF announced that Matthew Doughty is to be appointed Chief Growth & Strategy Officer with effect from 9 September 2022. Matthew Doughty will remain an Executive Director and will focus on the implementation of DWF's strategy of providing integrated legal and business services to more of its key clients. He will also lead on all inorganic expansion activities, in particular the delivery of a strong M&A pipeline, and will also remain the Board sponsor of the Group's ESG strategy. Company also announce the appointment of Matthew Glenville as Group Chief Operating Officer with effect from 9 September 2022. Matthew Glenville will be a member of the Executive Leadership Team and will have responsibility for pursuing operational excellence and delivering transformational change projects. The COO, who will not join the Board, will report to the CSO. Matthew Glenville joins DWF from ICE Clear Europe, one of the leading futures and options clearing houses, where since 2018 he has held the positions of COO, Chief Technology Officer and Chief of Staff. Previously, Glenville was COO at ICE Benchmark Administration and led various teams across front office, operations and change management at Royal Bank of Scotland.Board Change • Sep 02Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Non-Executive Chairman Jonathan Bloomer was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.주주 수익률DWFLGB Professional ServicesGB 시장7D0.2%0.4%2.5%1Y18.0%-33.7%19.4%전체 주주 수익률 보기수익률 대 산업: DWFL은 지난 1년 동안 -33.7%의 수익을 기록한 UK Professional Services 산업보다 더 좋은 성과를 냈습니다.수익률 대 시장: DWFL은 지난 1년 동안 19.4%를 기록한 UK 시장보다 더 좋은 성과를 냈습니다.주가 변동성Is DWFL's price volatile compared to industry and market?DWFL volatilityDWFL Average Weekly Movement10.7%Professional Services Industry Average Movement5.8%Market Average Movement5.7%10% most volatile stocks in GB Market12.0%10% least volatile stocks in GB Market3.0%안정적인 주가: DWFL의 주가는 지난 3개월 동안 UK 시장보다 변동성이 컸습니다.시간에 따른 변동성: DWFL의 주간 변동성(11%)은 지난 1년 동안 안정적이었지만 UK 종목 중 상위 75%보다 높습니다.회사 소개설립직원 수CEO웹사이트20184,340Nigel Knowleswww.dwfgroup.com더 보기DWF Group plc 기초 지표 요약DWF Group의 순이익과 매출은 시가총액과 어떻게 비교됩니까?DWFL 기초 통계시가총액UK£316.39m순이익 (TTM)UK£12.45m매출 (TTM)UK£451.64m25.4x주가수익비율(P/E)0.7x주가매출비율(P/S)DWFL는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표DWFL 손익계산서 (TTM)매출UK£451.64m매출원가UK£188.40m총이익UK£263.25m기타 비용UK£250.80m순이익UK£12.45m최근 보고된 실적Apr 30, 2023다음 실적 발표일해당 없음주당순이익(EPS)0.039총이익률58.29%순이익률2.76%부채/자본 비율191.7%DWFL의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2023/10/03 15:58종가2023/10/02 00:00수익2023/04/30연간 수익2023/04/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스DWF Group plc는 7명의 분석가가 다루고 있습니다. 이 중 5명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관James BaylissBerenbergWilliam KirknessJefferies LLCJames AllenPanmure Liberum4명의 분석가 더 보기
공시 • Oct 11DWF Group plc Announces Tea Colaianni, Resigns as Non-Executive DirectorDWF Group plc announces that Tea Colaianni, a Non-Executive Director of DWF Group Plc (DWF) has confirmed that, due to the cancellation DWF trading their shares on the main market for listed securities of the London Stock Exchange, with effect from 4 October 2023, she has resigned as a director of DWF.
공시 • Oct 05+ 1 more updateInflexion Private Equity Partners LLP completed the acquisition of DWF Group plc (LSE:DWF) from group of shareholders.Inflexion Private Equity Partners LLP entered into a Scheme of Arrangement to acquire DWF Group plc (LSE:DWF) from group of shareholders for approximately £340 million on July 21, 2023. As per the terms of the transaction, the offer price per share is £1 which includes cash consideration of £0.97 pence per DWF Share and a special dividend of £0.3 pence per DWF Share. The Acquisition will be funded through a combination of equity investment into Bidco from the Inflexion Funds, and new debt financing to be provided under the Senior Debt Facilities made available to Bidco by ICG funds with ICG Alternative Investment Limited acting as mandated lead arranger. Transaction is subject to DWF shareholders approval, court approval, and regulatory approvals and other conditions. DWF Directors unanimously recommended that DWF Shareholders vote in favor of the Scheme at the Court Meetings and vote in favor at the General Meeting. As of September 12, 2023. the board of DWF is pleased to announce that the Employee Shareholder Court Meeting and the Other Shareholder Court Meeting to consider the Scheme and the General Meeting to consider the Resolution were each held today and all resolutions were approved by the requisite majorities. As of September 26, 2023, all of the conditions to the acquisition relating to anti-trust and regulatory approvals have been satisfied and the transaction remains subject to Court sanctioning the Scheme at the Sanction Hearing. The acquisition is currently expected to become effective around Q4, 2023. As of September 26, 2023, the scheme is expected to become effective on October 3, 2023. As of September 29, 2023, High Court of Justice in England and Wales had sanctioned the Scheme. N.M. Rothschild & Sons Limited acted as a finanical advisor, Travers Smith LLP acted as a legal advisor to Inflexion Private Equity Partners. Stifel Nicolaus Europe Limited, and Fenchurch Advisory Partners LLP provided the fairness opinion and acted as financial advisors, Dorsey & Whitney (Europe) LLP, and George Knighton of Skadden, Arps, Slate, Meagher & Flom (UK) LLP acted as legal advisors to DWF. Equiniti Limited acted as a registrar to DWF. Inflexion Private Equity Partners LLP completed the acquisition of DWF Group plc (LSE:DWF) from group of shareholders on October 3, 2023.
공시 • Sep 27DWF Group plc Declares Special Dividend, Payable Expected to Be No Later Than October 17, 2023DWF Group plc announced that the DWF Directors have declared the Special Dividend, settlement of which is conditional upon the Scheme becoming Effective. The other Conditions to the Scheme and the Acquisition are set out in the Scheme Document. DWF Shareholders who are on the register of members of DWF at the Scheme Record Time (expected to be at 6.00 pm. on 2 October 2023) (the "Record Date") will be entitled to the Special Dividend, being 3 pence for each DWF Share held at the Record Date. As the Special Dividend is conditional on the Scheme becoming Effective and shares the same record date as the Scheme Record Date, no ex date will be applied to the Special Dividend. Settlement of the Special Dividend will take place no later than 14 days after the Scheme has become Effective (as further referred to below, currently expected to be no later than 17 October 2023, assuming the Scheme becomes Effective on 3 October 2023). In the event that the Scheme does not become Effective, there will be no Special Dividend.
공시 • Sep 24DWF Appoints Andrew Symons as Insurance PartnerDWF announced that Andrew Symons has been appointed to the firm's London Global Risks team as an insurance partner. Symons has more than 30 years of experience.
공시 • Aug 25+ 1 more updateDWF Group plc, Annual General Meeting, Oct 20, 2023DWF Group plc, Annual General Meeting, Oct 20, 2023.
공시 • Jul 23+ 1 more updateDWF Group to Delist its SharesThe boards of Aquila Bidco Limited (‘Bidco’), a newly incorporated wholly-owned subsidiary of funds advised by Inflexion Private Equity Partners LLP (‘Inflexion’) and DWF Group plc (‘DWF’) announced that they have reached agreement on the terms and conditions of a recommended all cash offer by Bidco for the entire issued and to be issued ordinary share capital of DWF (the ‘Acquisition’). The Acquisition is intended to be implemented by means of a scheme of arrangement under Part 26 of the Companies Act. Under the terms of the Acquisition, which will be subject to the Conditions and further terms set out in the Scheme Document, each DWF Shareholder will be entitled to receive: 100 pence for each DWF Share (the ‘Transaction Value’) valuing the entire issued, and to be issued, ordinary share capital of DWF at approximately £342 million. On the Effective Date, share certificates in respect of DWF Shares will cease to be valid and entitlements to DWF Shares held within the CREST system will be cancelled. DWF Shareholders shall be required to return share certificates to DWF or destroy them following the Effective Date. It is also proposed that, following the Effective Date and after its shares are delisted, DWF will be re-registered as a private limited company under the relevant provisions of the Companies Act.
공시 • Oct 11DWF Group plc Announces Tea Colaianni, Resigns as Non-Executive DirectorDWF Group plc announces that Tea Colaianni, a Non-Executive Director of DWF Group Plc (DWF) has confirmed that, due to the cancellation DWF trading their shares on the main market for listed securities of the London Stock Exchange, with effect from 4 October 2023, she has resigned as a director of DWF.
공시 • Oct 05+ 1 more updateInflexion Private Equity Partners LLP completed the acquisition of DWF Group plc (LSE:DWF) from group of shareholders.Inflexion Private Equity Partners LLP entered into a Scheme of Arrangement to acquire DWF Group plc (LSE:DWF) from group of shareholders for approximately £340 million on July 21, 2023. As per the terms of the transaction, the offer price per share is £1 which includes cash consideration of £0.97 pence per DWF Share and a special dividend of £0.3 pence per DWF Share. The Acquisition will be funded through a combination of equity investment into Bidco from the Inflexion Funds, and new debt financing to be provided under the Senior Debt Facilities made available to Bidco by ICG funds with ICG Alternative Investment Limited acting as mandated lead arranger. Transaction is subject to DWF shareholders approval, court approval, and regulatory approvals and other conditions. DWF Directors unanimously recommended that DWF Shareholders vote in favor of the Scheme at the Court Meetings and vote in favor at the General Meeting. As of September 12, 2023. the board of DWF is pleased to announce that the Employee Shareholder Court Meeting and the Other Shareholder Court Meeting to consider the Scheme and the General Meeting to consider the Resolution were each held today and all resolutions were approved by the requisite majorities. As of September 26, 2023, all of the conditions to the acquisition relating to anti-trust and regulatory approvals have been satisfied and the transaction remains subject to Court sanctioning the Scheme at the Sanction Hearing. The acquisition is currently expected to become effective around Q4, 2023. As of September 26, 2023, the scheme is expected to become effective on October 3, 2023. As of September 29, 2023, High Court of Justice in England and Wales had sanctioned the Scheme. N.M. Rothschild & Sons Limited acted as a finanical advisor, Travers Smith LLP acted as a legal advisor to Inflexion Private Equity Partners. Stifel Nicolaus Europe Limited, and Fenchurch Advisory Partners LLP provided the fairness opinion and acted as financial advisors, Dorsey & Whitney (Europe) LLP, and George Knighton of Skadden, Arps, Slate, Meagher & Flom (UK) LLP acted as legal advisors to DWF. Equiniti Limited acted as a registrar to DWF. Inflexion Private Equity Partners LLP completed the acquisition of DWF Group plc (LSE:DWF) from group of shareholders on October 3, 2023.
공시 • Sep 27DWF Group plc Declares Special Dividend, Payable Expected to Be No Later Than October 17, 2023DWF Group plc announced that the DWF Directors have declared the Special Dividend, settlement of which is conditional upon the Scheme becoming Effective. The other Conditions to the Scheme and the Acquisition are set out in the Scheme Document. DWF Shareholders who are on the register of members of DWF at the Scheme Record Time (expected to be at 6.00 pm. on 2 October 2023) (the "Record Date") will be entitled to the Special Dividend, being 3 pence for each DWF Share held at the Record Date. As the Special Dividend is conditional on the Scheme becoming Effective and shares the same record date as the Scheme Record Date, no ex date will be applied to the Special Dividend. Settlement of the Special Dividend will take place no later than 14 days after the Scheme has become Effective (as further referred to below, currently expected to be no later than 17 October 2023, assuming the Scheme becomes Effective on 3 October 2023). In the event that the Scheme does not become Effective, there will be no Special Dividend.
공시 • Sep 24DWF Appoints Andrew Symons as Insurance PartnerDWF announced that Andrew Symons has been appointed to the firm's London Global Risks team as an insurance partner. Symons has more than 30 years of experience.
공시 • Aug 25+ 1 more updateDWF Group plc, Annual General Meeting, Oct 20, 2023DWF Group plc, Annual General Meeting, Oct 20, 2023.
공시 • Jul 23+ 1 more updateDWF Group to Delist its SharesThe boards of Aquila Bidco Limited (‘Bidco’), a newly incorporated wholly-owned subsidiary of funds advised by Inflexion Private Equity Partners LLP (‘Inflexion’) and DWF Group plc (‘DWF’) announced that they have reached agreement on the terms and conditions of a recommended all cash offer by Bidco for the entire issued and to be issued ordinary share capital of DWF (the ‘Acquisition’). The Acquisition is intended to be implemented by means of a scheme of arrangement under Part 26 of the Companies Act. Under the terms of the Acquisition, which will be subject to the Conditions and further terms set out in the Scheme Document, each DWF Shareholder will be entitled to receive: 100 pence for each DWF Share (the ‘Transaction Value’) valuing the entire issued, and to be issued, ordinary share capital of DWF at approximately £342 million. On the Effective Date, share certificates in respect of DWF Shares will cease to be valid and entitlements to DWF Shares held within the CREST system will be cancelled. DWF Shareholders shall be required to return share certificates to DWF or destroy them following the Effective Date. It is also proposed that, following the Effective Date and after its shares are delisted, DWF will be re-registered as a private limited company under the relevant provisions of the Companies Act.
공시 • Jul 11DWF Shares Jump on Takeover Approach from Inflexion Private EquityDWF Group plc (LSE:DWF) on July 10, 2023 confirmed a Bloomberg report that it was in talks about a potential takeover with Inflexion Private Equity Partners LLP. The Manchester-based legal business said the potential offer would be for a total consideration of 100 pence per share. This could comprise 97p in cash, and a 3p special dividend for the six months to April 30. The total consideration is a 53% premium to Friday's closing price of 65.5p. Shares in DWF jumped 31% to 85.75p each in London on July 10, 2023 morning. Should a firm offer on such terms be made by Inflexion, DWF said it would be "minded to unanimously recommend" it to its shareholders. The offer would be subject to certain terms and conditions, DWF noted. "Discussions between DWF and Inflexion are ongoing and there can be no certainty that an offer will be made, even if the pre-conditions are satisfied or waived," the company said. Under UK takeover rules, Inflexion has until August 7 to announce a firm intention to make an offer or announce that it does not intend to make an offer.
New Risk • Jun 21New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (163% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (7.6% increase in shares outstanding).
공시 • May 31DWF Group plc Provides Revenue Guidance for the Financial Year Ended 30 April 2023DWF Group plc provided revenue guidance for the financial year ended 30 April 2023. For the year, the company expects net revenue of c£380 million (unaudited) reflecting growth of more than 8%.
Upcoming Dividend • Jan 26Upcoming dividend of UK£0.016 per share at 6.0% yieldEligible shareholders must have bought the stock before 02 February 2023. Payment date: 03 March 2023. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 6.0%. Within top quartile of British dividend payers (5.5%). Higher than average of industry peers (2.3%).
Reported Earnings • Dec 09First half 2023 earnings released: EPS: UK£0.04 (vs UK£0.031 in 1H 2022)First half 2023 results: EPS: UK£0.04 (up from UK£0.031 in 1H 2022). Revenue: UK£179.1m (up 3.4% from 1H 2022). Net income: UK£12.2m (up 34% from 1H 2022). Profit margin: 6.8% (up from 5.2% in 1H 2022). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
공시 • Dec 08DWF Group plc Approves an Interim Dividend for the Year Ending 30 April 2023, Payable on 3 March 2023DWF Group plc announced that the Board has approved an interim dividend for the year ending 30 April 2023 of 1.6 pence per share in line with policy of paying one third of the prior year total dividend as the interim dividend in the following year. The interim dividend for fiscal year 2023 is payable on 3 March 2023 to shareholders on the register as at 3 February 2023.
공시 • Dec 07DWF Group plc (LSE:DWF) acquired Whitelaw Twining Law Corp.DWF Group plc (LSE:DWF) reached an agreement to acquire Whitelaw Twining Law Corporation for CAD 41.6 million on November 7, 2022. 16.5 millions of shares were issued, CAD 4.4 million of cash, and CAD 3 million were paid as Contingent share consideration. Also, CAD 5.9 million were assumed as debt and CAD 10.7 millions of debt was repaid. Whitelaw Twining revenue was CAD 34.5 million and assets were CAD 21.6 million. The completion of the acquisition is subject to the satisfaction of certain pre-conditions, which are expected to be met by the end of 2022 and the transaction is expected to close by the end of 2022. Sam Turvey or Sam Cartwright of H/Advisors Maitland acted as financial advisor to DWF Group in the transaction. DWF Group plc (LSE:DWF) acquired Whitelaw Twining Law Corp. on December 6, 2022. All pre-conditions have now been met.
Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Non-Executive Chairman Jonathan Bloomer was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
공시 • Nov 09DWF Group plc (LSE:DWF) reached an agreement to acquire Whitelaw Twining Law Corporation for CAD 26 million.DWF Group plc (LSE:DWF) reached an agreement to acquire Whitelaw Twining Law Corporation for CAD 41.6 million on November 7, 2022. 16.5 millions of shares were issued, CAD 4.4 million of cash, and CAD 3 million were paid as Contingent share consideration. Also, CAD 5.9 million were assumed as debt and CAD 10.7 millions of debt was repaid. Whitelaw Twining revenue was CAD 34.5 million and assets were CAD 21.6 million. The completion of the acquisition is subject to the satisfaction of certain pre-conditions, which are expected to be met by the end of 2022 and the transaction is expected to close by the end of 2022.
공시 • Sep 07DWF Group plc Announces Executive ChangesDWF announced that Matthew Doughty is to be appointed Chief Growth & Strategy Officer with effect from 9 September 2022. Matthew Doughty will remain an Executive Director and will focus on the implementation of DWF's strategy of providing integrated legal and business services to more of its key clients. He will also lead on all inorganic expansion activities, in particular the delivery of a strong M&A pipeline, and will also remain the Board sponsor of the Group's ESG strategy. Company also announce the appointment of Matthew Glenville as Group Chief Operating Officer with effect from 9 September 2022. Matthew Glenville will be a member of the Executive Leadership Team and will have responsibility for pursuing operational excellence and delivering transformational change projects. The COO, who will not join the Board, will report to the CSO. Matthew Glenville joins DWF from ICE Clear Europe, one of the leading futures and options clearing houses, where since 2018 he has held the positions of COO, Chief Technology Officer and Chief of Staff. Previously, Glenville was COO at ICE Benchmark Administration and led various teams across front office, operations and change management at Royal Bank of Scotland.
Board Change • Sep 02Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Non-Executive Chairman Jonathan Bloomer was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
