Duyuru • Oct 11
DWF Group plc Announces Tea Colaianni, Resigns as Non-Executive Director DWF 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. Duyuru • Sep 27
DWF Group plc Declares Special Dividend, Payable Expected to Be No Later Than October 17, 2023 DWF 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. Duyuru • Sep 24
DWF Appoints Andrew Symons as Insurance Partner DWF 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. Duyuru • Jul 11
DWF Shares Jump on Takeover Approach from Inflexion Private Equity DWF 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 21
New minor risk - Share price stability The 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). Duyuru • May 31
DWF Group plc Provides Revenue Guidance for the Financial Year Ended 30 April 2023 DWF 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 26
Upcoming dividend of UK£0.016 per share at 6.0% yield Eligible 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 09
First 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. Duyuru • Dec 08
DWF Group plc Approves an Interim Dividend for the Year Ending 30 April 2023, Payable on 3 March 2023 DWF 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. Duyuru • Dec 07
DWF 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 16
Less than half of directors are independent There 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. Duyuru • Nov 09
DWF 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. Duyuru • Sep 07
DWF Group plc Announces Executive Changes DWF 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 02
Less than half of directors are independent There 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. 
