29 July 2024
Further
re Disposal - Listing Rule change - General Meeting
adjourned
On 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
enquiries
Helen Parris, Director of Investor Relations
Tel: 07720
169 269
Email:
IRteam@capita.co.uk
Stephanie Little
Deputy
Head of Investor Relations
Tel: 07541
622838
Email:
IRteam@capita.co.uk
Media
enquiries
Capita
external communications
Tel: 0207
654 2399
Email:
media@capita.co.uk
Barclays
Bank PLC, acting through its Investment Bank (Sole Financial
Advisor and Sole Sponsor to Capita)
Aamir Khan
Jessel Sheth
Tom Macdonald
Michael Hart
Stuart Muress
Tel: 0207
623 2323
About
Capita One
Capita 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, social housing management and education
management software. The Capita One senior management team
comprises: Jon Peart, Stuart Cheetham, Dave
Smedley, Paul Millard,
James Allard and Gavin Chamberlain. The Capita One senior
management team will be transferring with the business.
About
MRI Software
MRI Software is a leading provider of real estate software
solutions that transform the way communities live, work and play.
MRI Software's open and connected, AI-first platform empowers
agents, owners, operators and occupiers in commercial and
residential property organizations to innovate in rapidly changing
markets. MRI Software has been a trailblazer in the PropTech
industry for over five decades, serving more than six million users
worldwide, including social housing and the public sector. Through
innovative solutions and a rich partner ecosystem, MRI Software
gives real estate companies the freedom to realize their vision of
building thriving communities and stronger businesses. For more
information, visit https://www.mrisoftware.com/uk/.
About
Capita
Capita is
a modern outsourcer, helping clients across the public and private
sectors run complex business processes more efficiently, creating
better consumer experiences. Operating across 8 countries, Capita's
41,000 colleagues support primarily UK and European clients with
people-based services underpinned by market-leading technology. We
play an integral role in society - our work matters to the lives of
the millions of people who rely on us every day.
Important
Notice
Barclays,
which is authorised by the Prudential Regulation Authority (`PRA')
and regulated in the United
Kingdom by the FCA and the PRA, is acting exclusively for
Capita and no one else in connection with the proposed sale and
will not be responsible to anyone other than Capita for providing
the protections afforded to clients of Barclays nor for providing
advice in relation to the proposed sale or any other matter
referred to in this announcement.