Approval of Arrangement Agreement

RNS Number : 1164D

Computacenter PLC

23 October 2020

 

Computacenter plc

Incorporated in England

Registration number: 03110569

LEI: 549300XSXUZ1I19DB105

ISIN: GB00BV9FP302

FOR IMMEDIATE RELEASE

Computacenter plc

COMPUTACENTER PLC ANNOUNCES RESULTS OF PIVOT TECHNOLOGY SOLUTIONS, INC.

SPECIAL MEETING TO APPROVE ARRANGEMENT AGREEMENT

Further to the announcement made by Computacenter plc ("Computacenter" or the "Group") on 9 September 2020, Computacenter is pleased to confirm that the Arrangement Agreement ("Agreement") entered into by the Group has been approved by the shareholders of Pivot Technology Solutions, Inc. ("Pivot"), a company listed on the Toronto Stock Exchange (TSX:PTG), at a special meeting of Pivot's shareholders held to approve the Agreement on 23 October 2020. The Agreement was subject to the approval by 66 ²/₃ per cent of the votes cast by Pivot's shareholders at the special meeting.

Computacenter also confirms that, with the shareholder approval, the Ontario Superior Court of Justice is expected to approve the Canadian Plan of Arrangement and that, with these two approvals, and subject to certain other conditions precedent to closing, completion of the acquisition of the entire issued share capital of Pivot, with an all cash offer of CAD 2.60 per share, will occur on Monday 2 November 2020.

About Computacenter  

Computacenter is a leading independent technology partner, trusted by large corporate and public sector organisations. We help our customers to source, transform and manage their IT infrastructure to deliver digital transformation, enabling users and their business. Computacenter is a public company quoted on the London FTSE 250 (CCC.L) and employs over 16,000 people worldwide. Computacenter was supported by Obair Partners on this transaction. For more information, visit www.computacenter.com .

 
About Pivot

Pivot is an industry-leading information technology services and solutions provider to many of the world's most successful companies, including members of the Fortune 1000, as well as governments and educational institutions. By leveraging its extensive original equipment manufacturer (OEM) partnerships and its own fulfilment, professional, deployment, workforce and managed services, Pivot supports the IT infrastructure needs of its clients. For more information, visit  www.pivotts.com .

Enquiries:
Computacenter plc
Mike Norris, Chief Executive	01707 631601
Tony Conophy, Finance Director	01707 631515
Tulchan Communications
James Macey White / Matt Low	020 7353 4200

 

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