Result of Tender Offer

RNS Number : 6547E

Computacenter PLC

13 February 2018

 

Computacenter plc

Incorporated in England and Wales

Registration number: 03110569

LEI: 549300XSXUZ1I19DB105

ISIN: GB00BV9FP302

Computacenter plc (the "Company")

RESULTS OF THE TENDER OFFER

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, JAPAN, NEW ZEALAND AND SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

13 February 2018

The Company today announces the results of the Tender Offer set out in the shareholder circular published by the Company on 23 January 2018 (the "Circular") which closed on 9 February 2018.

A total of 44,089,779 Ordinary Shares were validly tendered and, in accordance with the terms and conditions of the Tender Offer (as set out in the Circular), the Strike Price has been determined to be 1170 pence. Accordingly, 8,546,861 Ordinary Shares will be purchased at a price per Ordinary Share of 1170 pence, for a total cost of £99,998,273.70. This represents approximately 6.97 per cent. of the issued share capital of the Company.

As the Strike Price has been determined to be the Minimum Price, only tenders of Ordinary Shares at 1170 pence or as Strike Price Tenders will be accepted. Shareholders who tendered more than approximately 7.06 per cent. of their holding, being their Guaranteed Entitlement, either at 1170 pence or as a Strike Price Tender, will be scaled down by approximately 95.58 per cent. of the number of excess Ordinary Shares so tendered.

It is anticipated that the proceeds payable to the Company's Shareholders for the certificated Ordinary Shares purchased under the Tender Offer will be despatched by 19 February 2018 in the form of a cheque and that CREST account holders will have their CREST accounts credited by 14 February 2018.

As set out in the Circular, the Ordinary Shares will be purchased by Credit Suisse pursuant to the Tender Offer and the Company expects to purchase such Ordinary Shares from Credit Suisse at the Strike Price. The Company intends to hold the Ordinary Shares purchased pursuant to the Tender Offer in treasury. Following the Tender Offer, the Company will hold 8,546,861 ordinary shares in treasury and the Company will have 114,141,109 ordinary shares in issue excluding treasury shares.

Capitalised terms used in this announcement have the same meaning as ascribed to them in the Circular.

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

 

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