Purchase Offer Result and B Share Dividend

February 24, 2015 at 3:20 AM EST
RNS Number : 6608F
Computacenter PLC
24 February 2015
 



Computacenter plc ("Computacenter" or the "Company")

RETURN OF VALUE

RESULTS OF PURCHASE OFFER AND DECLARATION OF SINGLE B SHARE DIVIDEND

In accordance with the circular to Shareholders dated 2 February 2015 (the "Circular"), Shareholders could elect to sell B Shares at 71.9 pence each, free of all dealing expenses and commissions, pursuant to the Purchase Offer which was made on 23 February 2015 by Investec Bank plc. Valid elections to accept the Purchase Offer were received in respect of 98,577,321 B Shares, representing approximately 71 per cent. of the B Shares in issue.

 

The Board of Directors of the Company is also pleased to announce that it has today declared the Single B Share Dividend of 71.9 pence per B Share payable to those holders of B Shares who were on the register of members of the Company at 7.30 a.m. today. Investec Bank plc will receive the Single B Share Dividend of 71.9 pence in respect of each B Share it has purchased under the Purchase Offer.

 

In accordance with the Articles of Association of the Company, following the declaration of the Single B Share Dividend, all B Shares have been converted into Deferred Shares. The Deferred Shares will not be listed, will carry extremely limited rights and will have negligible value.

 

Cheques and sale advices are expected to be despatched and assured payments made through CREST by 10 March 2015in respect of B Shares purchased under the Purchase Offer and cheques are expected to be despatched and BACS transfers to nominated bank accounts are expected to be made by 10 March 2015in respect of the Single B Share Dividend.

 

In conformity with the Financial Conduct Authority's Disclosure and Transparency Rule 5.6.1R Computacenter also notifies the market of the following:

 

Following the Capital Reorganisation described in the Circular and approved at the Extraordinary General Meeting held at 2 p.m. on 19 February 2015, the Company's share capital now consists of 122,657,970 New Ordinary Shares with a nominal value of 7 5/9p each, with voting rights. The Company does not hold any shares in treasury. In addition, there are 292,944,196 Deferred Shares of nominal value 0.01 pence in issue, which carry no voting rights. 

 

Therefore, the total number of New Ordinary Shares with voting rights is 122,657,970.

 

This figure of 122,657,970 may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Computacenter under the Financial Conduct Authority's Disclosure and Transparency Rules.

 

All definitions used in the Circular apply to this announcement.

 

Investec Bank plc, which is authorised in the United Kingdom by the Prudential Regulation Authority and regulated in the United Kingdom by the Prudential Regulation Authority and the Financial Conduct Authority, is acting as financial adviser and corporate broker to Computacenter and is acting for no-one else in connection with the Return of Value or any other matter referred to in this announcement, and will not be responsible to anyone other than Computacenter for providing the protections afforded to customers of Investec Bank plc nor for providing advice to any other person in relation to the Return of Value.


 

 

Enquiries:

Computacenter plc:

01707 637 000

Mike Norris, CEO

Tony Conophy, CFO

Investec Bank plc:

020 7597 4000

Patrick Robb

Carlton Nelson

Tulchan Communications:

0207 353 4200

James Macey White

 


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