Statement re Exercise of settlement option

Summary by AI BETAClose X

Capita plc has exercised a settlement option related to its transition agreement with Royal London's legacy business, resulting in the issuance of 5,670,909 ordinary shares to The Royal London Mutual Insurance Company Limited. This share issuance, representing approximately 4.96% of Capita's issued share capital, settles an initial payment obligation of approximately £22.47 million. The newly issued shares will be subject to a customary five-year lock-up period and are expected to be admitted to the Official List and for trading on the Main Market around December 18, 2025, ranking pari passu with existing ordinary shares.

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Capita (CPI)
UK 100

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