G4S plc

G4S to resume dividend for 2021 with clear potential for significant further cash returns to shareholders - Seite 5

TAKE NO ACTION

Your Board believes that G4S has a bright future as an independent company with significant value upside for G4S shareholders.

Your Board, which has been so advised by Citi, J.P. Morgan Cazenove, Goldman Sachs and Lazard (the “Financial Advisers”) as to the financial terms of the Offer, believes that GardaWorld’s Offer significantly undervalues G4S. In providing their financial advice to the Board, the Financial Advisers have taken into account the Board’s commercial assessments. Lazard and Citi are providing independent financial advice to the Board for the purposes of Rule 3 of the Takeover Code.

Accordingly, the Board unanimously recommends that you should take no action in relation to the Offer and that you should not sign any document which GardaWorld or its advisers send to you. Your Directors will not be accepting GardaWorld’s Offer in respect of their own beneficial shareholdings.

Yours sincerely,

John Connolly
Chairman of the Board of Directors

Unless otherwise stated, the words and phrases used in this announcement have the meanings given to the appendices of the Circular. For further details of the sources of information and bases of calculation of the numbers set out in this announcement please refer to “Bases and Sources” in the Circular.

(1) PBITA
(2) Aspirational target which should not be construed as a profit forecast under the Takeover Code or interpreted as such.

For further enquiries, please contact:
Helen Parris	Director of Investor Relations	[phone]
Media enquiries
Sophie McMillan	Head of Media	[phone]
Press office		[phone]

G4S Joint Lead Financial Advisers
Citigroup Global Markets Limited
J.P. Morgan Cazenove


G4S Financial Advisers
Lazard & Co., Limited
Goldman Sachs International

G4S Legal Advisers
Linklaters LLP

Media Advisers
Brunswick

Notes to Editors:
G4S is the leading global security company, specialising in the provision of security services and solutions to customers. Our mission is to create material, sustainable value for our customers and shareholders by being the supply partner of choice in all our markets.