Notification of Significant Placing
The Board of Waterman Group Plc, international engineering and environmental consultancy, announces that N+1 Singer has placed successfully with institutional investors the entire 28.85% shareholding held previously by Peter Gyllenhammar and associated parties. The largest shareholder in Waterman is now Ruffer Investment Management.
Nick Taylor, Chief Executive commented;
“Peter has been an engaged shareholder, who has taken a keen interest in the recovery of the Group. He has been involved during a period where we have re-shaped the Group and repositioned it to improve our financial performance in the future. I would like to thank him for his support during this time.”
“I am delighted to welcome the new shareholders who have invested in the Group. We were encouraged by the strong support that we have received in recent presentations. During the past few years, the Board has re-positioned the business successfully and the result is a solid platform from which we are confident that over the next three years we will deliver a strong performance. Personally I am pleased that we have broadened our shareholder register and I look forward to reporting the progress that we make. Looking at current trading, Waterman is continuing to make encouraging progress and we will update the market in the forthcoming IMS in mid November and at the time of the Group’s AGM in early December.”
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