Business
Completion of sale of Resourcing & Security W...
Completion of sale of Resourcing & Security W....
About this update from Capita Plc
[{"type":"text","content":"\n\n \n \n\n\n\n\n\nCompletion of the sale of Resourcing and Security Watchdog businesses\n\nCapita plc (‘Capita’) today announces that on 31 May it completed the sale of its Resourcing businesses: Capita Resourcing, HR Solutions and ThirtyThree, to Inspirit Capital on the terms announced on 6 March 2023.\n\nCapita also announces the completion of the sale of its Security Watchdog business to Matrix on the terms announced on 8 March 2023.\n\nTaking into account cash-like and debt-like items, Capita received cash proceeds of c£17m at completion and will receive a further c£7m of deferred consideration from the sale of its Resourcing businesses on 30 November 2023.\n\nThe completion of the transactions follows receipt of the necessary consents. The proceeds, net of transaction costs, will be used to strengthen the balance sheet and reduce debt.\n\n For more information please contact:\n\nCapita investor enquiries\n\nHelen Parris Stephanie Little\n\nDirector of Investor Relations Investor Relations Manager\n\nTel: 07720 169269 Tel: 07541 622838\n\nEmail: [email protected] Email: [email protected] \n\nCapita media enquiries\n\nCapita external communications\n\nTel: 0207 654 2399\n\nEmail: [email protected]\n\nAbout Capita plc\n\nCapita is a leading provider of business process services, driven by data, technology and people. Every day our 50,000 colleagues help millions of people, by delivering innovative, digitally enabled solutions to transform and simplify the connections between government and citizens, b...