CWK - Public offerings

Retirement of Brett White as Chairman Appointment of Steve Plavin as Chairman and Independent Director Appointment of Susan Daimler and Timothy Wennes as Independent Directors Cushman & Wakefield (NYSE:CWK) today announced that after more than a decade of service to the company, Brett White will retire from its Board of Directors, marking an inflection point in the company's journey. "Brett has been instrumental in shaping the Cushman & Wakefield we see today, serving in roles as CEO, Executive Chairman, and later, Non-Executive Chairman," remarked Michelle MacKay, Chief Executive Officer. "His unwavering commitment to his vision for the company has left an indelible mark. Brett

Cushman & Wakefield plc (NYSE:CWK) ("Cushman & Wakefield") announced today the launch of a proposed underwritten public offering of 26,513,041 ordinary shares. Cushman & Wakefield is not offering any ordinary shares. All of the ordinary shares are being offered by existing shareholders and Cushman & Wakefield will not receive any of the proceeds from the offering. The underwriter will offer the shares from time to time for sale in negotiated transactions or otherwise, at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices. The last reported sales price of Cushman & Wakefield's ordinary shares on May 17, 2024 was $11.72 per

Cushman & Wakefield (NYSE:CWK), a global leader in real estate services, today announced Aubrey Waddell has been named Chief Executive Officer of the firm's Global Occupier Services (GOS) division. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240125806749/en/Aubrey Waddell (Photo: Business Wire) "Our GOS business has been a top priority for many years now, as it is integral to our overall firm and client strategy – we have every confidence that Aubrey and the GOS leadership team will continue the growth of this critical service line," said Andrew McDonald, Global President and COO. Waddell joined Cushman & Wakefield in 2021

Proceeds used to refinance 2025 Senior Secured Term Loan Provides financial flexibility to execute on strategic priorities Retains strong liquidity and enhances balance sheet profile Cushman & Wakefield plc (NYSE:CWK) ("Cushman & Wakefield") today announced that its indirect wholly owned subsidiary, Cushman & Wakefield U.S. Borrower, LLC (the "Company"), has closed its previously announced offering of $400 million of its 8.875% senior secured notes due 2031 (the "Notes"). The Notes were offered in a private placement exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). Concurrent with the closing of the Notes, the Company closed its previousl

Experienced CFO to Provide Expert Independent Leadership as Ohmium Delivers on its Growth Ambitions Ohmium International, a green hydrogen company that designs, manufactures, and deploys advanced Proton Exchange Membrane (PEM) Electrolyzer systems, today announced the appointment of Duncan Palmer as an Independent Board Director. Palmer has two decades of experience as a former Chief Financial Officer (CFO) and Board Director of several privately held and publicly listed international companies. In his role at Ohmium, Palmer will provide expert independent leadership, oversight and financial insight contributing to the company's international growth ambitions. He will also focus on mainta

Cushman & Wakefield (NYSE:CWK) today reported financial results for the third quarter ended September 30, 2021: Strategic Announcements: Recently announced agreement to enter into a strategic joint venture with Greystone to deliver leading multifamily agency lending & servicing platform. Cushman & Wakefield will make a strategic investment of $500 million to acquire a 40% stake in Greystone's Agency, FHA and Servicing businesses. The transaction is expected be immediately accretive upon closing later this year, subject to customary closing conditions. Entered an exclusive strategic partnership with WeWork to provide clients best-in-class office operations by combining WeWork's propriet

Cushman & Wakefield plc (NYSE:CWK) ("Cushman & Wakefield") announced today the launch of a proposed underwritten public offering of 12,500,000 ordinary shares. All of the ordinary shares are being offered by existing shareholders and Cushman & Wakefield will not receive any of the proceeds from the offering. The underwriters will offer the shares from time to time for sale in negotiated transactions or otherwise, at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices. The last reported sales price of Cushman & Wakefield's ordinary shares on August 11, 2021 was $19.04 per share. The selling shareholders include funds affili

Cushman & Wakefield (NYSE:CWK) today reported financial results for the second quarter ended June 30, 2021: Revenue for the second quarter of 2021 of $2.2 billion was up 29% (up 25% local currencyi) from the second quarter of 2020. Fee revenue of $1.6 billion was up 39% (up 34% local currency) versus prior year. Fee revenue better than expected across all segments and service lines, brokerage fee revenue improved 89% on local currency led by the Americas Property, facilities and project management and Valuation and other fee revenue grew 7% and 16%, respectively, on local currency Net income and earnings per share for the second quarter of 2021 were $52.7 million and $0.23, respec

Cushman & Wakefield plc (NYSE:CWK) ("Cushman & Wakefield") announced today the pricing of an underwritten public offering of 10,000,000 ordinary shares at a price to the public of $18.75 per share. All of the ordinary shares are being offered by existing shareholders and Cushman & Wakefield will not receive any of the proceeds from the offering. The selling shareholders include funds affiliated with TPG, PAG Asia Capital and the Ontario Teachers' Pension Plan Board. The underwriter will have a 30-day option to purchase up to an additional 1,500,000 ordinary shares from the selling shareholders. The offering is expected to close on June 7, 2021, subject to customary closing conditions. Gold

Cushman & Wakefield plc (NYSE:CWK) ("Cushman & Wakefield") announced today the launch of a proposed underwritten public offering of 10,000,000 ordinary shares. All of the ordinary shares are being offered by existing shareholders and Cushman & Wakefield will not receive any of the proceeds from the offering. The selling shareholders include funds affiliated with TPG, PAG Asia Capital and Ontario Teachers' Pension Plan Board. The underwriter will have a 30-day option to purchase up to an additional 1,500,000 ordinary shares from the selling shareholders. Goldman Sachs & Co. LLC is serving as sole underwriter for the offering. An automatic shelf registration statement relating to the ordina

Cushman & Wakefield (NYSE:CWK) today reported financial results for the first quarter ended March 31, 2021: Revenue for the first quarter of 2021 of $1.9 billion was up 1% (down 1% local currencyi) from the first quarter of 2020. Fee revenue of $1.3 billion was up 1% (down 1% local currency) versus the prior year. Fee revenue better than expected across all segments and service lines, especially Americas brokerage Property, facilities and project management and Valuation and other was stable, fee revenue up low single digits on local currency basis versus prior year Net loss and loss per share for the first quarter of 2021 were $17.2 million and $0.08, respectively. Adjusted earni

CHICAGO--(BUSINESS WIRE)--Cushman & Wakefield (NYSE: CWK) today reported financial results for the fourth quarter and full year ended December 31, 2020: Revenue for the fourth quarter of 2020 was $2.3 billion, down 13% (14% local currencyi). Fee revenue was $1.6 billion, down 13% (15% local currency). Fee revenue was better than expected for the quarter driven by brokerage, especially Americas Capital markets Property, facilities and project management fee revenue was stable Net loss and Loss per share for the fourth quarter of 2020 were $27.3 million and $0.12, respectively. Adjusted earnings per share was $0.43. Adjusted EBITDA for the fourth quarter of 2020 was $198