CHICAGO--(BUSINESS WIRE)--
Cushman & Wakefield plc (NYSE: CWK) (“Cushman & Wakefield”) announced
today the pricing of a public offering of 16,500,000 ordinary shares by
certain shareholders, including affiliates of TPG Global, LLC and
Ontario Teachers’ Pension Plan, at a price to the public of $17.75 per
share. 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, certain of
the selling shareholders have granted the underwriters a 30-day option
to purchase up to an additional 2,475,000 ordinary shares. The offering
is expected to close on March 22, 2019, subject to customary closing
conditions.
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 and William Blair & Company, L.L.C. will also serve
as joint book-running managers for the offering. TPG Capital BD, LLC,
HSBC Securities (USA) Inc., Credit Agricole Securities (USA) Inc., Fifth
Third Securities, Inc., JMP Securities LLC, China Renaissance Securities
(US) Inc., Academy Securities, Inc., Loop Capital Markets LLC, Samuel A.
Ramirez & Company, Inc., Siebert Cisneros Shank & Co. L.L.C. and The
Williams Capital Group, L.P. are acting as co-managers for the offering.
The offering is being made only by means of a prospectus. Copies of the
final prospectus relating to the offering, when available, can be
accessed for free through the SEC’s website at www.sec.gov.
Alternatively, copies of the final prospectus, when available, 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 was declared
effective on March 20, 2019 by 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.
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/20190320005417/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