REG-Capita Plc: Annual Report and Notice of 2025 Annual General Meeting - Corrected

CapitaAnnouncement

24/03/2025 16:15

Correction

 

The following correction has been made to the `Annual Report and Notice of
2025 Annual General Meeting'  announcement released on 24 March 2025 at
14.51hrs.

 

The AGM previously stated to be held at 10.30 a.m. on Tuesday 28 April 2025
has been corrected to 10.30 a.m. on Monday 28 April 2025.

 

All other details remain unchanged.

 

24 March 2025

Capita plc ("the Company")

Publication of 2024 Annual Report and

Circular and Notice of 2025 Annual General Meeting

 

Capita plc announced its results for the year ended 31 December 2024 (the
Full Year Results Announcement) on 5 March 2025.  Further to the Full Year
Results Announcement, the Company is pleased to confirm that the Annual Report
and Accounts for the year ended 31 December 2024 (the 2024 Annual Report)
has been published on the Company's website.

 

In addition, Capita has today published a circular to shareholders (the
Circular) in relation to the proposals first announced in the Full Year
Results Announcement, detailing the Board's proposals to:

 

-          optimise the structure of the Company's balance sheet and
enhance the Company's ability to return value to shareholders at the
appropriate time in the future by cancelling the entire amount standing to the
credit of the Company's share premium account (the Share Premium Reduction);
and

 

-          consolidate the existing ordinary shares in the Company
(the Share Consolidation) at a ratio of 15 for 1, which would involve every 15
ordinary shares of 2 1/15 pence held by a shareholder being consolidated into
one ordinary share of 31 pence.

 

The Circular also contains the Notice of the Company's 2025 Annual General
Meeting (the 2025 AGM Notice) to be held at 10.30 a.m. on Monday 28 April 2025
at the Storey Club, 4 Kingdom Street, Paddington, London W2 6BD. The 2024
Annual Report and the Circular have been published on the Company's website,
www.capita.com.

 

Definitions in this announcement have the same meanings as those in the
Circular.

 

The Circular provides shareholders with further information about the
background to, and reasons for, the Share Premium Reduction and the Share
Consolidation, as well as containing details of the requisite Court approval
process relating to the Share Premium Reduction.

 

An expected timetable of key events for the Share Premium Reduction and Share
Consolidation is set out at the end of this announcement. Further detailed
information on the expected timetable is set out in the Circular.

Full details of the business of, and arrangements for, the Annual General
Meeting (including voting procedures) are contained in the 2025 AGM Notice.

This announcement is not a substitute for reading the Circular or 2025 AGM
Notice in full.

The 2024 Annual Report and the Circular are being posted to shareholders
today. Shareholders will receive these in two separate envelopes. Shareholders
who have elected not to receive hard copy documents will receive a letter or
email from the Company advising that the above listed documents are available.

 

In compliance with Listing Rule 6.4.1, a copy of the above documents have been
uploaded to the National Storage Mechanism and will shortly be available for
inspection at https://data.fca.org.uk.#nsm/nationalstoragemechanism.

 

 

 

EXPECTED TIMETABLE

 

 EVENT                                                                                                                               TIME AND/OR DATE                              
 ANNUAL GENERAL MEETING                                                                                                                                                            
 Date of this Circular and announcement on the LSE                                                                                   24 March 2025                                 
 Latest time and date for receipt of Forms of Proxy, CREST and Proxy Instructions and electronic registration of proxy appointments  10.30 a.m. on 24 April 2025                   
 Voting Record Date for entitlement to vote at the Annual General Meeting                                                            6.00 p.m. on 24 April 2025                    
 Annual General Meeting                                                                                                              10.30 a.m. on 28 April 2025                   
 Announcement of results of the Annual General Meeting                                                                               28 April 2025                                 
 SHARE CONSOLIDATION                                                                                                                                                               
 Last day to trade in Existing Ordinary Shares and Record Date for the Share Consolidation                                           28 April 2025                                 
 Expected date of Admission and first day of dealings in the New Ordinary Shares on the LSE                                          8.00 a.m. on 29 April 2025                    
 CREST accounts credited with New Ordinary Shares (uncertificated Shareholders only)                                                 29 April 2025                                 
 Expected date of dispatch of share certificates in respect of any New Ordinary Shares held in certificated form                     By 14 May 2025                                
 SHARE PREMIUM REDUCTION                                                                                                                                                           
 Expected date of Court Hearing to provide directions on the Share Premium Reduction on the share premium account                    Mid-May 2025                                  
 Expected date of Court Hearing to confirm the Share Premium Reduction on the share premium account                                  June 2025                                     
 Expected registration date of Court order and effective date of the Share Premium Reduction                                         Two weeks post the confirmation hearing 2025  

Notes:

(1)    All references to time in this document are to UK time.

(2)    If the AGM is adjourned for any reason, the Voting Record Date for
the adjourned meeting will be 48 hours (excluding non-Business Days) before
the time set for the adjourned meeting.

(3)    If any of the above times and/or dates change, the revised time(s)
and/or date(s) will be notified to Shareholders by an announcement through a
Regulatory Information Service.

 


 

For more information, please contact:

Investor enquiries
Helen Parris, Director of Investor Relations
Tel: 07720 169 269
Email: IRteam@capita.co.uk

Stephanie Little
Deputy Head of Investor Relations 
Tel: 07541 622838
Email: IRteam@capita.co.uk

Media enquiries
Capita external communications
Tel: 0207 654 2399
Email: media@capita.co.uk 

Notes to editors:

Capita is a modern outsourcer, helping clients across the public and private
sectors run complex business processes more efficiently, creating better
consumer experiences. Operating across 8 countries, Capita's 34,000 colleagues
support primarily UK and European clients with people-based services
underpinned by market-leading technology. We play an integral role in society
- our work matters to the lives of the millions of people who rely on us every
day. 

 



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