Additional Statement Regarding RPS Group plc, The Canadian Business Journal

MONTREAL, Oct. 11, 2022 (GLOBE NEWSWIRE) — In addition to its press release dated September 26, 2022, WSP Global Inc. (“WSP” or the “Company”) announced today that it will not amend its stock offering. Announced. Capital of RPS Group plc (“RPS”) announced on August 8, 2022 (“RPS Acquisition”).

WSP continues to focus on a disciplined acquisition approach to maximize shareholder value. With a strong balance sheet, his WSP is confident in its continued ability to seize future opportunities and deliver on its strategic ambitions.

As a result of the foregoing, WSP now anticipates that the acquisition of RPS and related financing will expire in accordance with its terms on October 18, 2022, and WSP has therefore withdrawn its previously disclosed statement. Acquisition of RPS, including 2024 adjusted net income accretion, pro forma net revenue and pro forma net debt to adjusted EBITDA ratio.

About WSP
As one of the world’s leading professional services companies, WSP exists to future-proof our cities and environment. We provide strategic advisory, engineering and design services to clients in the transportation, infrastructure, environment, architecture, power, energy, water, mining and resources sectors. Our 65,000 trusted professionals are united by a common purpose to make a positive, long-term impact on the communities we serve through a culture of innovation, integrity and inclusivity. Sustainability and science permeate our work. WSP will derive nearly half of its $10.3 billion (CAD) revenue in 2021 from clean sources. The company’s shares are listed on the Toronto Stock Exchange (TSX: WSP). For more information, please visit the following URL: www.wsp.com.

Forward-Looking Statements
This press release contains information or statements that are or may be “forward-looking statements” within the meaning of applicable Canadian securities laws. As used in this press release, “may”, “will”, “should”, “expect”, “plan”, “predict”, “believe”, “estimate” ‘, ‘anticipate’, ‘anticipate’, ‘project’, ‘intention’, ‘goal’, ‘potential’, ‘continue’ or the negative of any of these terms or of a similar nature in connection with us The term is intended to identify forward-looking statements. Forward-looking statements in this press release include information and statements related to WSP’s ability to seize opportunities, including acquisitions to maximize shareholder value, and execute on its strategic ambitions but not limited to: Operations, performance business, prospects and opportunities. Although we believe that the expectations and assumptions on which such forward-looking statements are based are reasonable, no assurance can be given that the forward-looking statements will prove correct and You should not place undue reliance on forward-looking statements. These statements are subject to certain risks and uncertainties and actual results may not be anticipated or implied by the forward-looking statements, including risks and uncertainties related to management’s time and focus of attention to the RPS. based on assumptions that may differ materially from those stated. Acquisition and other disruptions resulting from the acquisition of RPS; management’s ability to execute on WSP’s key strategic priorities; Failure to realize previously anticipated benefits from the RPS acquisition. and in the “Risk Factors” section of WSP Management’s Discussion and Analysis for the year ended December 31, 2021 and WSP Management’s Discussion and Analysis for the six months ended July 2, 2022. Other factors discussed or referenced (together, “MD&A”) are available under SEDAR’s WSP profile. www.sedar.comThe foregoing list is not exhaustive and other unknown or unpredictable factors may also materially and adversely affect WSP’s performance or results. Our forward-looking statements are based on a number of assumptions we believe to be reasonable at the time of this news release, including those factors discussed or referenced in the Risk Factors section of WSP’s MD&A. . Available from his WSP profile on SEDAR at www.sedar.com. If any of these assumptions prove to be incorrect, our actual results could differ materially from those expressed or implied in the forward-looking statements.

WSP’s forward-looking statements are fully qualified by this cautionary statement. Additional information in this cautionary statement regarding forward-looking statements and a description of related assumptions and risk factors that may affect WSP’s actual or forecast results can be found in MD&A available at SEDAR at: Please refer to. www.sedar.comThe forward-looking statements contained in this press release are made as of the date of this press release and, except as required under applicable securities laws, WSP will not make any statements, whether written or oral. nor undertakes to update or revise these forward-looking statements. By itself or instead, from time to time, as a result of new information, future events, or otherwise. Any forward-looking statements contained in this press release are expressly qualified by these cautionary statements.

WSP’s previous statements regarding the RPS acquisition, including the financial attractiveness of the RPS acquisition and expected increases in various financial metrics, expected cost savings and synergies, and expected certain financial ratios. other anticipated benefits of RPS’s business with WSP’s existing business and team (including forecasts, strengths, complementarities, and compatibility), and the RPS acquisition’s 2022-2024 global strategic action plan and its long-term vision; impact on the Corporation’s offering) reflects information and assumptions available to WSP. In either case, they are believed to be reasonable at the time they were made. However, WSP withdraws such statement due to the Company’s revised expectation that the acquisition will expire in accordance with its terms.

Not intended for distribution to the US Newswire service or for distribution within the United States

Please contact us for more information.

Alain Michaud

CFO
WSP Global Co., Ltd.
[email protected]
Phone: 438-843-7317

CBJ Newsmaker