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Capita Plc (CPI)

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Thursday 14 January, 2021

Capita Plc

Result of Meeting

Capita plc

(“Capita” or the “Company”)

Capita gains shareholder approval for the proposed sale of its Education Software Solutions Business

Capita is pleased to announce that the resolution proposed at the general meeting of the Company held at 11:00 a.m. on 14 January 2021 (the “General Meeting”), seeking approval for the proposed sale of its Education Software Solutions business to Tiger UK Bidco Limited, a newly formed company ultimately owned by funds advised by Montagu Private Equity (the “Disposal”), was duly passed by shareholders. Full details of the poll result are set out below.

Resolution Votes For % Votes Against % Votes Total % of ISC Voted Votes Withheld
THAT the Disposal be approved 1,308,560,457 99.97 348,043 0.03 1,308,908,500 78.32 518,733

The full text of the resolution is set out in the notice of General Meeting forming part of the circular to shareholders dated 16 December 2020.
 

Please note a ‘vote withheld’ is not a vote under English law and is therefore not included in the calculation of votes ‘for’ and ‘against’ the resolution.
 

The total number of issued ordinary shares in the Company (excluding treasury shares) as at 6:00 p.m. on 12 January 2021, being the voting record time, was 1,668,973,568 ordinary shares. Therefore, the total number of votes exercisable as at the voting record time were 1,668,973,568.

A copy of the resolution passed at the General Meeting will be submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Barclays Bank PLC, acting through its Investment Bank (“Barclays”), is acting as sole sponsor to Capita on the Disposal.

For more information please contact:

Capita investor enquiries

Stuart Morgan

Director of Investor Relations

Tel: 07989 665484

Email: [email protected]

Capita media enquiries

Capita external communications

Tel: 0207 654 2399

Email: [email protected]

Barclays (Sole Sponsor to Capita)

Omar Faruqui

Tom Macdonald

Tel: +44 (0) 20 7623 2323

Capita is a consulting, transformation and digital services business. Every day our 61,000 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 across six divisions: Customer Management; Government Services; People Solutions; Software; Specialist Services; and Technology Solutions. 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.

Barclays, which is authorised by the Prudential Regulation Authority (“PRA”) and regulated in the United Kingdom by the Financial Conduct Authority and the PRA, is acting exclusively for Capita and no one else in connection with the Disposal and will not be responsible to anyone other than Capita for providing the protections afforded to clients of Barclays nor for providing advice in relation to the Disposal or any other matter referred to in this announcement.


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