Return of Value and Listing of New Ordinary Shares

June 12, 2013 at 2:00 AM EDT
RNS Number : 7759G
Computacenter PLC
12 June 2013
 

 

 

Computacenter plc

RETURN OF VALUE AND LISTING OF NEW ORDINARY SHARES

At the Extraordinary General Meeting of Computacenter held on 11 June 2013, Shareholders approved the Return of Value of approximately £75 million, by way of a B Share scheme of 48.7p for each Existing Ordinary Share held at 5.00 p.m. on 11 June 2013 and the consolidation of Existing Ordinary Shares on the basis of 9 New Ordinary Shares in place of every 10 Existing Ordinary Shares.

153,931,830 B Shares will be issued and allotted at 8.00 a.m. today to Shareholders who were on the register at 5.00 p.m. on 11 June 2013. The B Shares will neither be admitted to the Official List of the UK Financial Conduct Authority nor to trading on the market for listed securities of the London Stock Exchange (or any other recognised investment exchange).

Reflecting the issue and allotment of the B Shares, 153,931,830 Existing Ordinary Shares will today be consolidated into 138,538,647 New Ordinary Shares of 6 2/3 pence each.  Application has been made to the Financial Conduct Authority and the London Stock Exchange and it is expected that the New Ordinary Shares will be admitted to the Official List of the UK Financial Conduct Authority and will commence trading on the London Stock Exchange at 8.00 a.m. today.

Further details of the Return of Value are contained in the circular to Shareholders dated 24 May 2013 (the "Circular"). All definitions used in the Circular to Shareholders apply to this announcement.

To view the Circular, please visit the Group's website at www.computacenter.com. A copy of the Circular was submitted to the UK Listing Authority's National Storage Mechanism and is available for inspection at www.hemscott.com/nsm.do

 

Enquiries:

 

Computacenter plc:

01707 637 000

Mike Norris, CEO

Tony Conophy, CFO

Credit Suisse:

020 7888 8888

John Hannaford

Michael Taylor

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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