Moorgate Registrars Acquired
Capita Group PLC
10 December 2001
10 December 2001
THE CAPITA GROUP PLC
CAPITA ACQUIRES MOORGATE REGISTRARS
The Capita Group Plc ('Capita') has acquired the entire share capital of
Moorgate Registrars Plc ('Moorgate'), a Chelmsford based registrar. The
purchase consideration of £2 million is being satisfied in cash.
Moorgate has an annual turnover of £650,000 and a small workforce of 10
people. The business will be integrated into Capita IRG, further
consolidating Capita's position in the registration and shareholder services
market. The business brings a stable client base of over 100 private sector
clients with the potential for Capita to add further value to them by
extending the shareholder services presently delivered to them and offering
further services from across the Group.
-ends-
For further information, please contact:
The Capita Group Plc 020 7799 1525
Rod Aldridge, Executive Chairman
Paul Pindar, Chief Executive
Shona Nichols, Group Marketing Director
Capita Press Office 020 7544 3141
Issued by Finsbury 020 7251 3801
Morgan Bone
Mark Harris
NOTES TO EDITORS
The Capita Group Plc is a leading provider of integrated professional support
service solutions. The Group's service capabilities encompass customer
services, insurance services, human resource services, software services,
systems and strategic support and property services delivered to both public
sector and private organisation. With over 13,000 people at over 160 UK sites,
Capita is quoted on the London Stock Exchange with a turnover in excess of
£690 million. Capita became a FTSE 100 company in March 2000. In November 2001
Capita was awarded the Management Today Most Admired Business Services Company
Award.
Capita IRG is one of the leading Share Registration Companies in the UK and
Eire and serves more than half of all companies quoted on the London markets.
The Company recently topped a survey of UK Registrars' clients for quality of
customer service.
Last year the Company handled over £10bn of client cash and mailed out some
ten million items of post. At the forefront of technology and innovation we
held the UK's first ever EGM by e-mail and administered the first Share
Incentive Plan to be approved by the Inland Revenue. As a leading provider of
trustee services for share plans, corporate debt, collective investments and
wealth management, we are responsible for assets with a value in excess of
£50bn.
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