Computacenter PLC Result of Tender Offer (6547E)
February 13 2018 - 2:00AM
UK Regulatory
TIDMCCC
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 GBP99,998,273.70. 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
020 7353
James Macey White 4200
This information is provided by RNS
The company news service from the London Stock Exchange
END
RTELLLLFVLFFBBZ
(END) Dow Jones Newswires
February 13, 2018 02:00 ET (07:00 GMT)
Computacenter (LSE:CCC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Computacenter (LSE:CCC)
Historical Stock Chart
From Jul 2023 to Jul 2024