CHICAGO--(BUSINESS WIRE)--
Cushman & Wakefield plc (NYSE: CWK) (“Cushman & Wakefield”) announced
today the commencement of a public offering of 16,500,000 ordinary
shares by certain shareholders, including affiliates of TPG Global, LLC
and Ontario Teachers’ Pension Plan. No ordinary shares are being sold by
Cushman & Wakefield and Cushman & Wakefield will not receive any of the
proceeds from the offering of shares by the selling shareholders. In
addition, the selling shareholders expect to grant the underwriters a
30-day option to purchase up to an additional 2,475,000 ordinary shares.
Morgan Stanley, J.P. Morgan and Goldman Sachs & Co. LLC are serving as
joint book-running managers and representatives of the underwriters for
the offering. UBS Investment Bank, Citigroup, Barclays, BofA Merrill
Lynch, Credit Suisse Securities (USA) LLC and William Blair & Company,
L.L.C. will also serve as joint book-running managers for the offering.
TPG Capital BD, LLC will serve as co-manager for the offering.
The offering will be made only by means of a prospectus. Copies of the
preliminary prospectus relating to the offering can be accessed for free
through the SEC’s website at www.sec.gov.
Alternatively, copies of the preliminary prospectus may be obtained from
Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick
Street, 2nd Floor, New York, NY 10014, J.P. Morgan Securities LLC,
Attention: Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, telephone: 1-866-803-9204, or Goldman Sachs & Co.
LLC, Attention: Prospectus Department, 200 West Street, New York, NY
10282, telephone: (866) 471-2526 or email: prospectus-ny@ny.email.gs.com.
A registration statement relating to these securities has been filed
with the SEC, but has not yet become effective. These securities may not
be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective.
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.
Source: Cushman & Wakefield
About Cushman & Wakefield plc
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services
firm that delivers exceptional value for real estate occupiers and
owners. Cushman & Wakefield is among the largest real estate services
firms with approximately 51,000 employees in approximately 400 offices
and 70 countries. In 2018, the firm had revenue of $8.2 billion across
core services of property, facilities and project management, leasing,
capital markets, valuation and other services.
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.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20190318005337/en/
Investor Relations Contact
Bill Knightly
Investor
Relations
+1 312 338 7860
IR@cushwake.com
Media Contact
Brad Kreiger
Corporate Communications
+1
312 424 8010
brad.kreiger@cushwake.com
Source: Cushman & Wakefield plc