NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
FOR IMMEDIATE RELEASE
10 October 2025
RECOMMENDED FINAL CASH ACQUISITION
of
Ricardo PLC ("Ricardo")
by
WSP Group Limited ("WSP UK")
a wholly-owned subsidiary of WSP Global Inc. ("WSP Global")
to be effected by means of a scheme of arrangement
under Part 26 of the Companies Act 2006
Cancellation of listing and admission to trading of Ricardo Shares
Further to the announcement made by Ricardo and WSP UK on 9 October 2025, that the Scheme has become effective in accordance with its terms, Ricardo today announces that: (a) following an application by Ricardo to the London Stock Exchange, the London Stock Exchange has cancelled the trading in Ricardo shares on the Main Market, and (b) following an application by Ricardo to the Financial Conduct Authority, the Financial Conduct Authority has cancelled the listing of Ricardo shares on the Official List, in each case with effect from 7.30 a.m. today (London time), 10 October 2025.
This announcement should be read in conjunction with the full text of the circular in relation to the Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 to implement the Acquisition published on 23 June 2025 (the "Scheme Document"). Capitalised terms used but not otherwise defined in this announcement have the meanings set out in the Scheme Document.
Enquiries
| Ricardo PLC |
|
| Graham Ritchie Judith Cottrell Natasha Perfect |
+44 1273 455 611 |
| Gleacher Shacklock (Financial Adviser to Ricardo) |
|
| James Dawson Philippe Bégin |
+44 20 7484 1150 |
| Investec (Corporate Broker to Ricardo) |
|
| David Flin Thomas Brookhouse |
|
| SEC Newgate (Media Enquiries) Box Huxford Ian Silvera |
+44 20 7680 6882 |
| WSP UK and WSP Global |
|
| Alain Michaud Quentin Weber
|
+1 438-843-7519 |
| RBC Capital Markets (Financial Adviser to WSP UK and WSP Global) |
|
| Mark Preston James Agnew Samuel Jackson |
+44 20 7653 4000 |
Ashurst LLP is acting as international legal adviser to Ricardo. Linklaters LLP is acting as international legal adviser to WSP UK.
Important notices
RBC Europe Limited (trading as RBC Capital Markets) ("RBC Capital Markets "), which is authorised by the Prudential Regulation Authority (the "PRA") and regulated by the Financial Conduct Authority (the "FCA") and the PRA in the United Kingdom, is acting exclusively as financial adviser to WSP UK and WSP Global and no one else in connection with the Acquisition and will not be responsible to anyone other than WSP UK and WSP Global for providing the protections afforded to its clients nor for providing advice in relation to the matters referred to in this announcement. Neither RBC Capital Markets nor any of its affiliates, directors or employees owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, consequential, whether in contract, tort, in delict, under statute or otherwise) to any person who is not a client of RBC Capital Markets in connection with the Acquisition or any matter referred to herein.
Gleacher Shacklock LLP ("Gleacher Shacklock"), which is authorised and regulated in the UK by the PRA, is acting exclusively as financial adviser to Ricardo and no one else in connection with the Acquisition and shall not be responsible to anyone other than Ricardo for providing the protections afforded to clients of Gleacher Shacklock nor for providing advice in connection with the Acquisition or any matter referred to herein.
Investec Bank plc ("Investec") is authorised by the PRA and regulated in the United Kingdom by the PRA and the FCA. Investec is acting exclusively for Ricardo and no one else in connection with the Acquisition, the contents of this announcement or any other matters described in this announcement. Investec will not regard any other person as its client in relation to the Acquisition, the content of this announcement or any other matters described in this announcement and will not be responsible to anyone other than Ricardo for providing the protections afforded to its clients or for providing advice to any other person in relation to the Acquisition, the content of this announcement or any other matters referred to in this announcement. This announcement has been issued by and is the sole responsibility of Ricardo. No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by Investec or by any of its, subsidiaries, branches or affiliates, or any person acting on its or their respective behalf's as to, or in relation to, the accuracy or completeness of this announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefore is expressly disclaimed to the fullest extent permissible by law.
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