Computacenter PLC Trading Statement (3790W)
14 November 2017 - 6:00PM
UK Regulatory
TIDMCCC
RNS Number : 3790W
Computacenter PLC
14 November 2017
Computacenter plc
Incorporated in England
Registration number: 03110569
LEI: 549300XSXUZ1I19DB105
ISIN: GB00BV9FP302
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSE OF
ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) No. 596/2014.
FOR IMMEDIATE RELEASE
Computacenter plc
Trading Update - 14(th) November 2017
Computacenter plc ("Computacenter" or the "Group"), the provider
of IT infrastructure services that enables users, today publishes a
trading update.
Following a strong start to the fourth quarter and the
visibility of a growing pipeline for the rest of 2017,
Computacenter's Board believes that the Group's trading result for
the 2017 financial year will now be comfortably in excess of its
previous expectations, which were set out in the interim results
announcement on 25th August 2017 and last confirmed in the trading
update issued on 27th October 2017.
Computacenter stated in its interim results announcement that it
intended to make a one-off return of value to Shareholders in the
fourth quarter of 2017. The Company remains committed to a return
of value of approximately GBP100 million, which it intends to
undertake by way of a tender offer for ordinary shares. However,
due to the increases in profit expectations as a result of strong
trading performance during 2017, the Board now believes it would be
inappropriate to launch a tender offer in the fourth quarter of
2017. As such, the Company will launch a tender offer on 23rd
January 2018, the day after the release of its full-year trading
update on 22nd January 2018, when the Board will be in a position
to provide greater clarity on the trading result for 2017.
Notice for US Shareholders
The tender offer will be made in reliance on the exemption
provided by Rule 14d-1(c) under the US Securities Exchange Act of
1934, and otherwise in accordance with the requirements of US and
UK law. Accordingly, the tender offer will be subject to the legal
provisions of the United Kingdom regarding the implementation and
disclosure requirements for such an offer, which differ from those
that may normally be applied in the United States.
Enquiries:
Computacenter
plc
Mike Norris, Chief
Executive 01707 631601
Tony Conophy,
Finance Director 01707 631515
Tulchan Communications
020 7353
James Macey White 4200
This information is provided by RNS
The company news service from the London Stock Exchange
END
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