Duyuru • Jan 20
RPS Group Shares to Be Delisted from Official List and Main Market of London Stock Exchange Subject to the Scheme Becoming Effective on 24 January 2023 On 23 September 2022, the boards of directors of RPS Group plc, Tetra Tech and Tetra Tech Inc. announced that they had agreed the terms of a recommended cash offer pursuant to which Tetra Tech will acquire the entire issued and to be issued share capital of RPS (the"Acquisition"), to be effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the"Scheme"). The circular in relation to the Scheme (the"Scheme Document") was published on 11 October 2022. Applications have been made for the suspension of trading in RPS Shares on the London Stock Exchange's main market for listed securities and the listing of RPS Shares on the premium listing segment of the Official List of the Financial Conduct Authority and such suspensions are expected to take effect by 7.30 a.m. on 23 January 2023. The last day of dealings in, and for the registration and transfer of, RPS Shares, will be 20 January 2023. The de-listing of RPS Shares from the premium listing segment of the Official List of the Financial Conduct Authority and the cancellation of the admission to trading of RPS Shares on the London Stock Exchange's Main Market for listed securities have also been applied for and will, subject to the Scheme becoming Effective, take effect at 8.00 a.m. on 24 January 2023. Further announcements will be made when the Scheme has become Effective and when the RPS Shares have been de-listed and cancelled from trading. Duyuru • Dec 13
RPS Group Expects Cancelation of Listing & Shares Admission to Trade on Jan. 24, 2023 Further to the announcement of 17 November 2022, RPS Group plc and Tetra Tech Inc. announced that the foreign investment clearances in Australia and the United Kingdom (the "Regulatory Clearances") have now been received. Expected time table is as: Court Hearing to seek sanction of the Scheme 19 January 2023; Suspension of listing of, and dealings in, RPS Shares by 7.30 a.m. on 23 January 2023; Effective Date of Scheme 23 January 2023 and Cancellation of listing and admission to trading of RPS Shares 7.30 a.m. on 24 January 2023. Duyuru • Oct 21
WSP Global Inc. (TSX:WSP) cancelled the acquisition of RPS Group plc (LSE:RPS) from Wellcome Trust, The Douglas Family Trust and others. WSP Global Inc. (TSX:WSP) reached an agreement to acquire RPS Group plc (LSE:RPS) from Wellcome Trust, The Douglas Family Trust and others for approximately £570 million on August 8, 2022. As per the transaction, WSP Global Inc. will acquire 277,510,925 RPS shares at £2.06. The transaction will be financed from approximately £660 million bought deal public offering and private placements and new credit facility of approximately £600 million. The transaction is approved by board of directors of RPS Group plc and is subject to shareholders approval of RPS Group plc, approval by court and antitrust authorities. As of the end of 18 October 2022, Conditions (The Scheme was conditional on the Court Meeting and the General Meeting being held on or before 18 October 2022) have not been satisfied. The Acquisition is also expected to be immediately accretive to the WSP Group’s adjusted net earnings. The acquisition is expected to be completed by the end of the fourth quarter of 2022. Anthony Parsons, Keith Welch, Alex Thomas and Luc Buisson of HSBC Bank plc acted as financial advisor and Linklaters LLP and Stikeman Elliott LLP acted as legal advisors to WSP Global Inc. Tim Shacklock, James Dawson and Tom Quinn of Gleacher Shacklock LLP and Andrej Avelini of AEC Advisors LLC acted as financial advisor and DLA Piper UK LLP acted as legal advisor to RPS Group plc.
WSP Global Inc. (TSX:WSP) cancelled the acquisition of RPS Group plc (LSE:RPS) from Wellcome Trust, The Douglas Family Trust and others on October 19, 2022. Duyuru • Aug 11
RPS Group plc Announces Interim Dividend RPS Group plc announced interim dividend of 0.45p per share. Reported Earnings • Aug 10
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down UK£4.90m from profit in 1H 2021). Profit margin: (down from 2.1% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 17% per year. Duyuru • Aug 09
WSP Global Inc. (TSX:WSP) reached an agreement to acquire RPS Group plc (LSE:RPS) from Wellcome Trust, The Douglas Family Trust and others for approximately £570 million. WSP Global Inc. (TSX:WSP) reached an agreement to acquire RPS Group plc (LSE:RPS) from Wellcome Trust, The Douglas Family Trust and others for approximately £570 million on August 8, 2022. As per the transaction, WSP Global Inc. will acquire 277,510,925 RPS shares at £2.06. The transaction will be financed from approximately £660 million bought deal public offering and private placements and new credit facility of approximately £600 million. The transaction is approved by board of directors of RPS Group plc and is subject to shareholders approval of RPS Group plc, approval by court and antitrust authorities. The Acquisition is also expected to be immediately accretive to the WSP Group’s adjusted net earnings. The acquisition is expected to be completed by the end of the fourth quarter of 2022. Anthony Parsons, Keith Welch, Alex Thomas and Luc Buisson of HSBC Bank plc acted as financial advisor and Linklaters LLP and Stikeman Elliott LLP acted as legal advisors to WSP Global Inc. Tim Shacklock, James Dawson and Tom Quinn of Gleacher Shacklock LLP and Andrej Avelini of AEC Advisors LLC acted as financial advisor and DLA Piper UK LLP acted as legal advisor to RPS Group plc. Duyuru • Jul 02
RPS Group plc Announces Directorate Change RPS Group plc announced that Catherine Glickman, Non-Executive Director and Chair of the Remuneration Committee, has stepped down from the Board to pursue other interests. Liz Peace will take up the role of Chair of the Remuneration Committee in addition to her role as Senior Independent Director. Duyuru • May 31
RPS Group plc to Report First Half, 2022 Results on Aug 09, 2022 RPS Group plc announced that they will report first half, 2022 results on Aug 09, 2022 Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Group Finance Director & Executive Director Judith Cottrell was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: UK£0.022 (up from UK£0.13 loss in FY 2020). Revenue: UK£476.1m (down 12% from FY 2020). Net income: UK£5.90m (up UK£37.0m from FY 2020). Profit margin: 1.2% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 9.8%, compared to a 24% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Duyuru • Feb 22
RPS Group plc to Report Fiscal Year 2021 Final Results on Mar 16, 2022 RPS Group plc announced that they will report fiscal year 2021 final results on Mar 16, 2022 Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Group Finance Director & Executive Director Judith Cottrell was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 06
CEO & Director recently bought €74k worth of stock On the 4th of November, John Douglas bought around 50k shares on-market at roughly €1.47 per share. In the last 3 months, they made an even bigger purchase worth €122k. John has been a buyer over the last 12 months, purchasing a net total of €196k worth in shares. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 16% share price gain to €1.40, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 17x in the Commercial Services industry in Europe. Total loss to shareholders of 40% over the past three years. Recent Insider Transactions • Aug 28
CEO & Director recently bought €122k worth of stock On the 26th of August, John Douglas bought around 100k shares on-market at roughly €1.22 per share. This was the largest purchase by an insider in the last 3 months. This was John's only on-market trade for the last 12 months. Reported Earnings • Aug 14
First half 2021 earnings released: EPS UK£0.018 (vs UK£0.14 loss in 1H 2020) The company reported a solid first half result with improved earnings and profit margins, although revenues were flat. First half 2021 results: Revenue: UK£233.5m (flat on 1H 2020). Net income: UK£4.90m (up UK£36.8m from 1H 2020). Profit margin: 2.1% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Duyuru • Mar 17
RPS Group plc, Annual General Meeting, Apr 28, 2021 RPS Group plc, Annual General Meeting, Apr 28, 2021. Reported Earnings • Mar 10
Full year 2020 earnings released: UK£0.13 loss per share (vs UK£0.005 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: UK£457.3m (down 25% from FY 2019). Net loss: UK£31.1m (loss widened UK£29.9m from FY 2019). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Mar 10
Revenue misses expectations Revenue missed analyst estimates by 0.4%. Over the next year, revenue is forecast to grow 5.7%, compared to a 9.9% growth forecast for the Commercial Services industry in Germany. Duyuru • Mar 10
RPS Group plc Announces Changes to Its Board RPS Group plc announced that Gary Young stepped down from the Board as Group Finance Director and Judith Cottrell was appointed to the Board in this role. Is New 90 Day High Low • Feb 26
New 90-day high: €0.98 The company is up 28% from its price of €0.77 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.21 per share. Duyuru • Feb 24
RPS Group plc to Report Fiscal Year 2020 Results on Mar 09, 2021 RPS Group plc announced that they will report fiscal year 2020 results on Mar 09, 2021 Is New 90 Day High Low • Feb 05
New 90-day high: €0.90 The company is up 51% from its price of €0.59 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 40% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.21 per share. Duyuru • Oct 30
RPS Group plc Continues to Suspend Earnings Guidance RPS Group plc announced that it remains cautious and continue to suspend guidance due to the uncertain macro-economic climate and the potential further restrictions arising from the increasing number of COVID-19 cases in the UK and North America. Duyuru • Sep 04
RPS Group plc has completed a Follow-on Equity Offering in the amount of £1.376441 million. RPS Group plc has completed a Follow-on Equity Offering in the amount of £1.376441 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 45,881,365
Price\Range: £0.03
Transaction Features: Subsequent Direct Listing Duyuru • Sep 03
RPS Group plc to Report First Half, 2020 Results on Sep 03, 2020 RPS Group plc announced that they will report first half, 2020 results on Sep 03, 2020 Duyuru • Jun 16
RPS Group plc Announces Not to Provide Guidance for the 2020 Financial Year RPS Group plc announced that due to the rapidly evolving nature of the COVID-19 pandemic it is not possible to forecast the full extent of the impact on the Group and markets. Therefore, RPS will not be providing guidance for the 2020 financial year until the duration and extent of this impact becomes clearer. RPS will continue to keep the market up to date.