Computacenter PLC Approval of Arrangement Agreement (1164D)
October 23 2020 - 12:45PM
UK Regulatory
TIDMCCC
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 / 020 7353
Matt Low 4200
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END
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