Cushman & Wakefield Announces Proposed Public Offering of Common Stock by the Selling Stockholders

Cushman Wakefield plc (NYSE: CWK) (“Cushman Wakefield”) today announced the launch of a proposed underwritten public offering of 26,513,041 common shares. Cushman Wakefield does not offer common stock. All shares of common stock are being offered by existing shareholders, and Cushman Wakefield will not receive any of the proceeds from the offering. The Underwriter will from time to time offer the shares for sale in negotiated transactions or otherwise at market prices in effect at the time of sale, at prices related to such prevailing market prices or at negotiated prices. The last reported sale price of Cushman Wakefield’s common stock on May 17, 2024 was $11.72 per share. The selling shareholders include funds affiliated with TPG and PAG Asia Capital.

JP Morgan is the sole underwriter of the offering.

An automatic shelf registration statement relating to the shares of common stock to be sold in the offering was filed with the Securities and Exchange Commission (“SEC”) on May 20, 2024 and became effective upon filing. The offer may only be made by means of a prospectus supplement and accompanying prospectus. You can obtain these documents for free by visiting the SEC’s website at www.sec.gov. In addition, copies of the preliminary prospectus supplement and accompanying prospectus may be obtained from JP Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at (email protected) and (email protected). The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC.

This press release will not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of these securities in any state or jurisdiction in which such offer, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Cushman Wakefield plc

Cushman Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers, with approximately 52,000 employees in nearly 400 offices and approximately 60 countries. In 2023, the firm reported revenues of $9.5 billion across its primary service lines: (i) Services, (ii) Leasing, (iii) Capital Markets, and (iv) Valuation and Other. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more.

Regarding the previous statements

All statements in this press release, other than historical facts, are forward-looking statements that are based on a number of assumptions about future events, including whether or not the offering will be completed. Such statements are also subject to a number of uncertainties and factors beyond Cushman Wakefield’s control. Such factors include, but are not limited to, uncertainty about and changes in global economic or market conditions and changes in government policies, laws, regulations and practices. If Cushman Wakefield’s assumptions or these other uncertainties and factors materialize in ways that Cushman Wakefield does not expect, actual results could differ materially from the forward-looking statements in this press release. While Cushman Wakefield believes that the assumptions underlying these forward-looking statements are reasonable under the current circumstances, recipients should note that such assumptions are inherently uncertain. You are cautioned not to place undue reliance on such forward-looking statements or other information in this press release.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20240519000166/ro/