Capita Group PLC
29 June 2001
CAPITA GROUP PLC ('Capita' or 'the Company')
Application has been made to the UK Listing Authority and the London Stock
Exchange for 1,512,513 ordinary shares of 2p each of the Company to be
admitted to the Official List. It is expected that dealings will commence in
these shares on 29 June 2001.
The shares will rank pari passu with the existing ordinary shares of Capita
and are to be issued as a result of the acquisition of the share capital of
McLaren Dick & Company, the UK business of McLarens Toplis which was announced
on 29 May 2001.
Commenting on the acquisition, Rod Aldridge, Executive Chairman, said,
'Although recognising that it is early days, we are delighted by the speed
with which the integration of Capita McLarens is progressing. In the short
time that Capita has assumed management control, costs have been reduced
materially. The pipeline of sales opportunities is developing strongly and is
highly encouraging. We continue to be very excited by the opportunities for
the Group in the insurance industry.'