Capita plc - Completion of the sale of AXELOS Limited
PR Newswire
London, July 29
30 July 2021
Capita plc
Completion of the sale of AXELOS Limited ('AXELOS')
Capita plc ('Capita') is pleased to announce that Capita and Cabinet Office yesterday completed the sale of AXELOS to PeopleCert International Limited, on the terms as announced on 21 June 2021.
In July, Capita has received the proceeds from the AXELOS disposal and the contingent proceeds due once ESS and ParentPay's merger was approved by the CMA. The inflow of £228m provides additional liquidity to strengthen Capita's balance sheet, meet debt maturities as they fall due over the next 18 months and support the ongoing implementation of its transformation plan.
For more information please contact:
Capita investor enquiries
Stuart Morgan
Director of Investor Relations
Tel: 07989 665484
Email: IRteam@capita.co.uk
Capita media enquiries
Capita external communications
Tel: 0207 654 2399
Email: media@capita.co.uk
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About Capita
Capita is a consulting, transformation and digital services business. Every day our 55,000 colleagues help millions of people, by delivering innovative solutions to transform and simplify the connections between businesses and customers, governments and citizens. We partner with clients and provide the insight and cutting-edge technologies that give time back, allowing them to focus on what they do best and making people's lives easier and simpler. We operate in the UK, Europe, India and South Africa - and currently across six divisions: Customer Management; Government Services; People Solutions; Software; Specialist Services; and Technology Solutions, shortly to be simplified into three divisions. Capita is quoted on the London Stock Exchange (CPI.L). Further information can be found at: http://www.capita.com
Important Notices
This announcement is an announcement and not a circular or prospectus or equivalent document and prospective investors should not make any investment decision on the basis of its contents. Nothing in this announcement constitutes an offer of securities for sale in any jurisdiction.
If you are in any doubt as to what action you should take in relation to this announcement, you are recommended to seek your own personal financial advice immediately from your stockbroker, bank manager, solicitor, accountant or other independent financial adviser authorised under the Financial Services and Markets Act 2000, or from another appropriately authorised independent financial adviser.
This announcement is not for release, publication or distribution, in whole or in part, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws of that jurisdiction. Persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities laws of any such jurisdiction.
ENDS
