Goodwin PLC (“Goodwin” or the “Company”)
Recent press speculation
The Board of Goodwin notes recent press speculation regarding the potential sale of parts of the Mechanical Engineering division.
The Board of Goodwin confirms that it has commenced a strategic review to consider a range of potential options to maximise value for shareholders whilst ensuring continuity for all stakeholders, including customers, and the long-term prosperity of its businesses. These options include the potential sale of a substantial part of the Mechanical Engineering division, which includes GSC, GI, Noreva, Easat and Pumps.
Discussions are ongoing and there can be no certainty that a transaction will be entered into. Rothschild & Co is advising the Board of Goodwin on the strategic review.
The Board will update shareholders on the progress of the strategic review, as appropriate.