REG-Capita PLC: Personal Independence Payment contract extensions

CapitaAnnouncement

31/07/2019 08:05

Capita secures £145m Personal Independence Payment contract extensions
 

Capita plc (Capita) has secured a two-year extension worth approximately
£112m to its contract to deliver Personal Independence Payment (PIP)
assessments for the Department for Work and Pensions (DWP).

In addition to the DWP contract, Capita also announces today a two-year
extension, worth approximately £33m, to its PIP assessment contract with the
Department of Communities (DfC) in Northern Ireland.

PIP helps people with a long-term condition or disability lead independent
lives by providing additional financial support.

Capita is contracted by the DWP and the DfC to deliver functional assessments
and produce reports which are reviewed by government case managers alongside
other evidence.

Jon Lewis, Chief Executive Officer of Capita, said: “These contract
extensions are testament to the commitment of our healthcare team, our
consistently strong operational performance, and the strength of our
longstanding relationship with government.”

Notes to editors:

Under IFRS 15, each individual PIP assessment is treated as a separate
contract. Therefore, there is no addition to our order book as a result of the
extensions.

Investor enquiries

Andrew Ripper, Head of Investor Relations
Tel: 020 7654 2220
Email: IRteam@capita.co.uk

Media enquiries

Capita press office
Tel: 0207 654 2399
Email: media@capita.co.uk 

Capita is a digital services, software and consulting business, operating
across five key markets: Software; IT & Networks; People Solutions; Customer
Management; and Government Services. Working across the UK, Europe, India and
South Africa, we use our expertise and technologies to partner with our
clients to transform services and add value for all their stakeholders. Capita
is quoted on the London Stock Exchange (CPI.L). Further information on Capita
can be found at: http://www.capita.com

LEI no: CMIGEWPLHL4M7ZV0IZ88.

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