Business
Further re Disposal - Listing Rule change - G...
Further re Disposal - Listing Rule change - G....
About this update from Capita Plc
[{"type":"text","content":"\n\n \n \n\n\n\n\n29 July 2024 Further re Disposal - Listing Rule change - General Meeting adjournedOn 9 July 2024, Capita plc (\"Capita\") announced the sale of its standalone software business (\"Capita One\"), via the sale of Capita One Limited by Capita Business Services Ltd, to Orchard Information Systems Limited, a wholly-owned subsidiary of the MRI Software, LLC (the \"Disposal\").Further to the announcement by Capita on 15 July 2024, following changes to the Listing Rules that have taken effect today, completion of the Disposal is no longer conditional upon the approval of Capita shareholders. As set out in the shareholder circular in relation to the Disposal, the notice convening a general meeting of Capita which was held at 12:00 p.m. today (the \"General Meeting\") and the announcement by Capita on 15 July 2024, in such circumstances it is intended that the General Meeting be permanently adjourned without proceeding with a vote in respect of the Disposal.Capita confirms that the General Meeting was today opened and permanently adjourned.The Disposal is expected to complete towards the end of August, subject to notification and confirmation from the Secretary of State that no further action will be taken under the UK's National Security and Investment Act. Barclays Bank PLC, acting through its Investment Bank (`Barclays') is acting as sole financial advisor and sole sponsor to Capita on the transaction.Notes to editors:Investor enquiriesHelen Parris, Director of Investor RelationsTel: 07720 169 269Email: [email protected] LittleDeputy Head of Investor Relations Tel: 07541 622838Email: [email protected] enquiriesCapita external communicationsTel: 0207 654 2399Email: [email protected] Barclays Bank PLC, acting through its Investment Bank (Sole Financial Advisor and Sole Sponsor to Capita)Aamir KhanJessel ShethTom MacdonaldMichael HartStuart MuressTel: 0207 623 2323 About Capita OneCapita One is a provider of software solutions across the UK public sector, helping local authorities drive efficiency, maximise revenue collection and deliver essential public services as cost effectively as possible. Capita One primarily serves local authorities, local education authorities and housing associations, and the business operates across three sectors: revenue and benefits software, soci...