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Trading Statement
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 - 14th 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 £100 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


James Macey White

020 7353 4200

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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