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DGAP-Adhoc: Williams Grand Prix Holdings PLC divests majority stake in Williams Advanced Engineering


DGAP-Ad-hoc: Williams Grand Prix Holdings PLC / Key word(s): Disposal
Williams Grand Prix Holdings PLC divests majority stake in Williams Advanced Engineering

31-Dec-2019 / 12:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Williams Grand Prix Holdings plc ("Williams") (WGPH, Ticker: WGF1) today completed the sale of a majority equity stake in Williams Advanced Engineering Limited ("WAE") to EMK Capital, an independent private equity firm. This move will support and accelerate WAE's long-term growth, including the commercialisation of various technology opportunities. Williams will continue to retain a significant minority stake in the WAE business.

Contact:
Mark Biddle
General Counsel
[email protected]

31-Dec-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Williams Grand Prix Holdings PLC
Grove, Wantage
OX12 0DQ Oxfordshire
United Kingdom
Phone: +44 (0) 1235 777700
Fax: +44 (0) 1235 764705
E-mail: [email protected]
Internet: http://www.williamsf1.com
ISIN: DE000A1H6VM4
WKN: A1H6VM
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange
EQS News ID: 945243

 
End of Announcement DGAP News Service

945243  31-Dec-2019 CET/CEST

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Williams Grand Prix Holdings Stock

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-1.850%
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