Business
Stmnt re Share Price Movement
Stmnt re Share Price Movement.
About this update from Computacenter Plc
[{"type":"text","content":"\n Computacenter PLC\n18 November 2005\n\n\nFor immediate release 18 November 2005\n\n\n Computacenter PLC ('Computacenter' or 'the Company')\n Statement regarding movement in share price\n\n\nThe Board of Computacenter notes the recent movement in Computacenter's share\nprice and confirms that it has received a preliminary proposal, which may or may\nnot lead to an offer being made for the whole of the issued and to be issued\nshare capital of the Company. The proposal has been made by a group led by Peter\nOgden, a co-founder and non-executive director of the Company (the 'Bid Group').\nThe Bid Group controls in aggregate 44.2% of the Company.\n\nAn Independent Committee of the Board has been formed to consider the proposal,\nconsisting of Nick Cosh and Cliff Preddy (the independent non-executive\ndirectors). The Independent Committee is being advised by HSBC Bank plc.\n\nDiscussions are at an early stage and the Independent Committee of the Board of\nComputacenter would like to emphasise that there is no certainty that any offer\nwill be made for Computacenter.\n\nA further announcement will be made when appropriate.\n\n\nEnquiries:\n\nHSBC Bank plc\nRupert Faure Walker (financial adviser) 020 7992 2101\nNick Donald (corporate broker) 020 7992 2151\n\nTulchan Communications 020 7353 4200\nAndrew Grant\nJulie Foster\n\nHSBC Bank plc, which is regulated in the United Kingdom by the Financial\nServices Authority, is acting for Computacenter plc and no one else in relation\nto maters described in this announcement and will not be responsible to anyone\nother than Computacenter plc for providing the protections afforded to customers\nof HSBC Bank plc or for providing advice on matters described in this\nannouncement.\n\n\nDealing Disclosure Requirements\n\nUnder the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the\n'Code'), if any person is, or becomes, 'interested' (directly or indirectly) in\n1% or more of any class of 'relevant securities' of Computacenter, all 'dealings\n' in any 'relevant securities' of that company (including by means of an option\nin respect of, or a derivative referenced to, any such 'relevant securities')\nmust be publicly disclosed by no later than 3.30 p.m. (London time) on the\nLondon business day following the date of the relevant transaction. This\nrequirement will continue until...